Friday 26 July 2019

Reuters Before the Bell: Alphabet says to continue talks with DoJ in antitrust review

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Friday, July 26, 2019
Alphabet says to continue talks with DoJ in antitrust review
Alphabet Inc on Thursday acknowledged a broader U.S. Department of Justice antitrust review of large technology firms and said it will continue to engage with the regulator.
Twitter revenue beats, sees rise in daily users viewing ads
Twitter Inc posted better-than-expected second-quarter revenue on Friday and an uptick in daily users who see advertisements on the site, driven by changes to show users more relevant content, sending its shares up nearly 5%.
SoftBank Group's $108 billion Vision Fund 2 draws in Microsoft, Apple
SoftBank Group Corp has secured pledges from Microsoft Corp and other investors of around $108 billion for a second Vision Fund aimed at investing in technology firms.
Oil on track for weekly gain as Iran tensions support
Oil prices rose on Friday and were on track for a weekly increase as geopolitical tensions over Iran remained unresolved, although flagging prospects for global economic growth amid the U.S.-China trade war capped gains.
Strong Alphabet, Intel earnings drive futures higher
Robust earnings from Google-owner Alphabet and Intel lifted U.S. stock index futures on Friday, as investors await data that is widely expected to show that the domestic economy grew at its slowest pace in over two years in the second quarter.
Stocks stage tentative rebound after ECB disappointment
European stocks staged a tentative recovery on Friday as a rally in media stocks and solid earnings at several U.S. companies helped investors overcome the disappointment of the European Central Bank's failure to deliver immediate policy easing.
Alphabet's revenue rebounds; easing doubts on growth and boosting shares
Alphabet Inc shares rose about 8% after the company reported quarterly results that eased investors' concerns about growth challenges facing its Google advertising business.
Huawei rolls out 5G phone and flags first Hongmeng device
Huawei Technologies [HWT.UL] on Friday released its first 5G phone in China and said it would soon launch smart TVs equipped with its own Hongmeng operating system.
Apple pays $1 billion for Intel unit in push for chip independence
Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp's modem business in a deal valued at $1 billion, the companies said on Thursday.
New auto safety technology leaves insurers in the dark
Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise control.
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