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Technology

AP News | Equities.com |

Big technology companies powered more gains on Wall Street Thursday, even as most stocks fell following more discouraging data on the economy.

The S&P 500 rose 0.3% after rallying back from an earlier 0.6% loss as investors weighed new government data showing an increase in the number of Americans who sought unemployment aid last week. A separate report from the Federal Reserve Bank of Philadelphia said that manufacturing activity in its region is slowing. Like the jobless claims report, that reading was also weaker than economists had forecast.


AP News | Equities.com |

Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.

Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic.

The company’s hugely loyal customer base trusts its products so much that they continued to buy iPhones and other devices online while stuck at home.


AP News | Equities.com |

China accused Washington of damaging global trade with sanctions that threaten to cripple tech giant Huawei and said Tuesday it will protect Chinese companies but gave no indication of possible retaliation.

Rules confirmed Monday by the Commerce Department block suppliers from using U.S. technology to produce processor chips and other components for Huawei. The company, China’s first global tech competitor, is the biggest supplier of switching equipment for phone companies and a leading smartphone brand.


Reuters | Equities.com |

SoftBank Group Corp has built a stake worth around $1.2 billion in e-commerce firm Amazon, regulatory filings showed on Monday, as the tech conglomerate expands its investing activities beyond its recent focus on unlisted startups.

Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from a massive asset sale programme in liquid stocks. SoftBank has spent around $10 billion buying shares.

In ...


Gary C. Bizzo | Equities.com |

This article is not a political swipe or advocating for one country over another. It’s simply some observations from a Canadian who perceives the US, China and others going through formidable change.

The world has changed and geopolitics, national economies and the environment have altered the way we trade, work and live.

We are in the midst of a Tech War just as the USA signed a comprehensive trade deal with Canada and Mexico then with China. In fact, the first salvos indic...


Reuters | Equities.com |

Amazon.com Inc is in preliminary talks to invest in U.S. cloud services provider Rackspace Technology Inc, people familiar with the discussion told Reuters on Monday.

The deal would involve Amazon acquiring a minority stake in Rackspace, the sources said. Rackspace helps companies migrate their data to Amazon Web Services, and the investment would strengthen the ties between the two companies. Rackspace also migrates companies to Alphabet Inc’s Google Cloud, Microsoft Corp’s Azure and VMware Inc.


Reuters | Equities.com |

U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba after he moved to ban TikTok.

Asked at a news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, Trump replied: “Well, we’re looking at other things, yes.”


Reuters | Equities.com |

U.S. electric truck maker Nikola said it was open to collaborating with Hyundai Motor on hydrogen technology following a media report that it had reached out to the Korean automaker.

In an interview with South Korean newspaper Chosun Ilbo published on Sunday, Trevor Milton, founder of Nikola Corp, said he would like to cooperate with Hyundai. He said he had twice made proposals to Hyundai that were rejected.

Hyundai, along with Toyota Motor Corp, are amon...


Reuters | Equities.com |

Intel Corp on Thursday disclosed a new method for making transistors on semiconductors that its chief architect said could boost the performance Intel’s next round of processors by as much as 20%.

The Santa Clara, California-based company is one of the few remaining in the world that both designs and manufactures its own chips. But its manufacturing operations have become a concern among investors after Intel last month said that its next-ge...


Reuters | Equities.com |

Lenovo Group, the world’s biggest PC maker, smashed expectations with a 31% leap in first-quarter net profit, as the coronavirus pandemic spurs businesses to shift to remote work and schools to switch to online learning.

Consumers stuck at home are also spending more on PCs and other smart devices for entertainment purposes, the Chinese giant said.

Net profit came in at $213 million for the April-June quarter, nearly do...