U.S. GDP
The US gross domestic product fell by 3.5% last year, the worst since World War II. The US Department of Commerce's Bureau of Economic Analysis said in a report.
The report said the economy experienced a significant drop for the ...
Facebook's profit
Net profit of US-based Facebook Inc (NASDAQ:FB). which owns the world's largest social network, rose 53%, or one-and-a-half times, to $11.22 billion in the fourth quarter of 2020.
Earnings per share r...
Company's sales
Apple surpassed the high expectations of Wall Street analysts by reporting new record figures for the past holiday quarter. The company noted a boom in iPhone upgrades in China a...
Company Q4 earnings
AMD ended Q4 2020 beating Wall Street expectations largely due to sales growth of 176% in the segment that includes server chips and graphics processors for gaming consoles. AMD expects sales growth of 37% in&...
The company's loss
Boeing ended 2020 with a sharp rise in losses due to a $6.5 billion write-off of losses due to its delayed 777X wide-body programme. The EU lifted its ban on 737 MAX flights, following the US, Canada and Brazil.
Bo...
Vaccine production schedule
This has disrupted deliveries of the drug to Europe. The head of the company said that AstraZeneca is now working to solve the technical problems and promised to ship 17 million doses by the end of February.
Head of...
Starbucks earnings
US-based Starbucks Corp (NASDAQ:SBUX). which owns the world's largest coffee chain, saw its net profit for the first quarter of fiscal 2021, which ended on December 27, 2020, decline 30% to $622.2 million, or 53 cents per share, f...
Plant-based meat company shares rise
Vegetarian food is increasingly taking over the world, and with it the stock market: shares in plant-based meat producer Beyond Meat (NASDAQ:BYND) soared more than 36% at t...
Profit better than expected
US-based Johnson & Johnson (NYSE:JNJ), the world's largest manufacturer of health products, saw its net income fall 2.3 times to $1.738 billion, or $0.65 per share, in the fourth quarter of 2020, down from $4.01 billi...
U.S. indices
The main US stock indices retreated from Monday's session highs by the close, but the S&P and Nasdaq still ended at record levels. Concerns over the timing and size of the fiscal stimulus have dampened optimism at the start of a wee...
Trading is down
Today stock indices of Asia-Pacific countries are falling in trading. Traders continue to monitor the epidemiological situation in various countries, the progress of vaccination in the USA and also await the US Federal Reserve (Fed) ...
The $20 note
Note replacement project started under Barack Obama but delayed by Trump administration.
On Monday, the White House said that it would accelerate plans to replace 20-dollar notes featuring US Presiden...
Biden has changed the lives of New York illegals
In the first hours of his presidency, Joe Biden has taken action that will have a broad impact on new immigrants, illegals and families with mixed immigration status across New York City.
Lifting the...
Elon Musk's toy
Elon Musk's flamethrower was released in a limited edition in 2018. As it turned out, owning such a dangerous device could be classed as a crime: it managed to have a bad effect on the fate of many people who bought it.
When the fir...
Help for those affected
US President Joe Biden signed two decrees intended to assist those Americans most severely affected by the COVID-19 epidemic.
The President ordered the Treasury Department to take steps to speed...
Samsung factory in the U.S.
South Korea's Samsung is now one of the recognised world leaders in semiconductor manufacturing thanks to its near-total dominance of the memory chip market, but it is nevertheless struggling...
Vaccine trial and delivery
Johnson & Johnson is preparing to present the results of the final trials of its COVID-19 vaccine in the next week or two, according to Anthony Fauci, chief medical officer for infectious ...
IBM earnings
U.S. International Business Machines Corp. IBM (NYSE:IBM)) net income fell 2.7 times to $1.356 billion, or $1.51 per share, in the fourth quarter, compared with $3.67 billion, or $4...
Intel beat Wall Street expectations
Intel's Q4 financial report was better than Wall Street estimates thanks to strong PC sales growth, but the forecast for Q1 2021 suggests a decline from last year's figure.
Intel's (INTC) Q4 financial report was ...
Project closure
Alphabet, Google's parent company, is shutting down its Loon high-altitude balloon internet transmission project. Loon CEO Alastair Westgarth wrote this on the company's blog. Also, he said: "Although we have found a number of partne...
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