Search results for "stock"

Apple previews new iPhone software, changes to Mac chips

Apple on Monday provided a glimpse at upcoming software changes designed to make the iPhone even easier to use and also announced a long-anticipated shift to a new type of chip to power its line of Mac computers. The preview of the next version of the iPhone’s operating system, known as iOS 14, highlighted Apple’s […]

Apple re-closes some stores, raising economic concerns

By TALI ARBEL and MICHAEL LIEDTKE AP Technology Writers Apple’s Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? Apple, like many other major U.S. retailers, shut down all of its U.S. locations in March. On […]

JD.com racks up $38B in sales in annual online shopping fest

By ZEN SOO Associated Press HONG KONG (AP) — JD.com’s annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China’s first major e-commerce sale since the pandemic began. This year’s tally was 33% higher than last year’s 201.5 billion yuan in sales. […]

COVID-19 Impacts MedTech Industry

Inside Telecom takes a look into some of the possible effects of the Covid-19 crisis mainly on the MedTech industry, and the implications of it impact for years to come. Make no mistake, that the Covid-19 pandemic is definitely a game changer for businesses across sectors. Elective procedures have taken a severe toll due to […]

Zoom booms as pandemic drives millions to its video service

By MICHAEL LIEDTKE AP Technology Writer SAN RAMON, Calif. (AP) — Zoom Video Communications is rapidly emerging as the latest internet gold mine as millions of people flock to its conferencing service to see colleagues, friends and family while tethered to their homes during the pandemic. Tuesday’s release of the once-obscure company’s financial results for […]

Pandemic Pushes Innovation in Africa

As the coronavirus pandemic continues to spread, countries across the world have been impacted. Africa in particular a has been faced with a lack of foreign investment, which may have sparked innovation in Africa as tech innovators find ways of creating, efficient inexpensive solutions that are to help fight against the pandemic. For a continent […]

Coronavirus vaccine trials underway but outcome remains unclear

As coronavirus vaccine trials take place all over the world, scientists gather data to help maximize research potential and to ensure a more efficient, effective and ethical study design. Despite rigorous vaccine efforts however, the picture remains unclear. In mid-May, Moderna a US biotech firm exposed the first data from a trial. Its coronavirus vaccine […]

Chinese tech giant criticizes US for 'politicizing business'

By JOE McDONALD AP Business Writer BEIJING (AP) — One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities. The new measures announced Friday expanded a U.S. campaign against Chinese companies Washington says might be security threats or […]

SoftBank racks up losses as Vision Fund investments plunge

>By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in […]

Uber considers buying Grubhub, according to newspaper report

NEW YORK (AP) — Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business, according to published reports. Ride-sharing and food delivery giant Uber Technologies Inc. approached Grubhub Inc. earlier this year with an all-stock takeover offer, The Wall Street Journal reported […]