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Technology

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Shares of Roku Inc surged over 11% on Wednesday after Citi initiated coverage of the streaming video company with a “buy” rating, while Netflix Inc also rallied more than 11% and was on track for its largest one-day gain in three years.

Roku and Netflix are among several technology-related companies that have benefited as a result of the coronavirus pandemic, with people around the world spending more time at home.

Citi analyst J...


AP News | Equities.com |

Facebook is pushing back on new Apple privacy rules for its mobile devices — and putting app developers in the middle.

Apple will soon require apps to ask users for permission to collect data on what devices they are using and to let ads follow them around on the internet. The social network said Wednesday that those rules could reduce what apps can earn by advertising through Facebook’s audience network.

Facebook said it e...


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The United States is considering new restrictions on exports of semiconductor manufacturing equipment and associated software tools, lasers, sensors, and other technology to prevent them from falling into the hands of U.S. adversaries like China.

The U.S. Commerce Department said in a posting on a government website on Wednesday it was seeking public input on how to define new technologies as it determines “whether there are specific foundational technologies that warrant more restrictive controls” in the export process.


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A group of tech companies and automakers, including Tesla Inc, Ford Motor Co, Honda Motor Co Ltd and Daimler AG, on Monday urged the U.S. Federal Trade Commission to seek an appeal after its loss in a case against chip supplier Qualcomm Inc.

Earlier this month a U.S. appeals court reversed a lower-court decision against Qualcomm, which makes technology for connecting devices to mobile data networks. The court also vacated an injunction that woul...


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Shares of Salesforce.com, Amgen and Honeywell International each surged over 3% in extended trade on Monday after it was announced they would join the Dow Jones Industrial Average as of Aug. 31.

Ex...


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Stocks plowed higher on Wall Street Monday, as hopes for a COVID-19 treatment and vaccine had investors looking ahead to the possibility of a healthier economy that has shed the virus.

The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the all-time high it set last week, when it erased the last of its losses from the coronavirus pandemic. It followed up on solid gains for stock markets across much of Europe and Asia.


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Zoom is experiencing partial outages during the first day of school for thousands of students who are relying on the video conferencing technology to connect with educators.

The company said Monday that it began receiving reports of disruptions around 9 a.m. Eastern time. It has identified the issue causing the problem and is working on a fix, it reported on its status page.

Technical issues are occurring across the U.S., with the most reports on the East...


Reuters | Equities.com |

SINGAPORE (Reuters) - The enormous rally in tech stocks has further to run, according to analysts at investment bank J.P. Morgan, who recommend staying invested across the sector for its growth potential.

Stocks across the industry, from hardware to software, have outperformed the market by miles this year as the COVID-19 crisis accelerates reliance on the internet for commerce.

“In contrast to the dot-com bubble, the current rally has been supported by strong earnings d...


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Microsoft Corp on Sunday said in a court filing that Apple Inc’s threat to cut off the creator of “Fortnite” from Apple’s developer tools would hurt Microsoft’s gaming business, as well as other game developers.

The filing came in a dispute between Apple and Epic Games. Apple removed Epic’s titles from its App Store after the game maker violated the ...


AP News | Equities.com |

The S&P 500 ticked higher to close at another all-time high Friday, powered by strength for technology stocks and a couple reports on the U.S. economy that were better than expected.

The benchmark index rose 11.65 points, or 0.3%, to 3,397.16, even though the majority of stocks in the index weakened. It followed up on losses across Europe after more discouraging reports there indicated a slowdown in its economies.

The Dow Jones Industrial Average climbed 190.60, or 0.7%, to 27,930.33, and the Nasdaq composite added 46.85, or 0.4%, to 11,311.80.