 | | | | Mattel Inc beat quarterly sales expectations on Thursday, as its North Americans customers splurged on Barbie dolls and Uno playing cards to keep their kids entertained during coronavirus-induced lockdowns. | | | | | | Intel Corp said on Thursday its new 7-nanometer chip technology was six months behind schedule, sending its shares down 9% in extended trading. | | | | | | Shares of Moderna Inc fell nearly 10% after it lost a bid to invalidate a U.S. patent owned by Arbutus Biopharma that poses a potential obstacle to Moderna's efforts to develop next-generation vaccines, including a coronavirus vaccine. | | | | | | Wall Street dropped sharply on Thursday as investors fled market-leading tech shares due to mixed earnings reports and growing signs of a worsening coronavirus pandemic, which could exacerbate a deep economic recession. | | | | | | The dollar slipped to an almost two-year low and gold rose further on Thursday as a gauge of global equities retreated on concerns about a potential probe of Apple Inc, which knocked the wind out of the high-flying tech sector. | | | | | | Senators Amy Klobuchar and Elizabeth Warren and five other Democratic senators on Thursday urged the Justice Department to be cautious in reviewing Google's planned purchase of Fitbit, saying the tech giant had already cemented its dominance in some areas through acquisitions. | | | | | | Two of Boeing Co's biggest commercial airline customers said on Thursday they are still committed to the 737 MAX despite delays in its return to flight and the coronavirus pandemic, though the head of Southwest Airlines said contracts need to be "completely reset." | | | | | | Oil prices fell 2% on Thursday as investors worried the U.S. Congress may not agree on a stimulus package and as jobless numbers rose, while analysts prepared to cut energy demand forecasts as the number of coronavirus cases surges higher. | | | | | | AMC Entertainment Holdings Inc said on Thursday it has delayed the reopening of its movie theaters in the United States to mid to late August, in alignment with the new release dates of Disney's "Mulan" and Christopher Nolan's thriller, "Tenet". | | | | | | Multiple U.S. states are investigating Apple Inc for potentially deceiving consumers, according to a March document obtained by a tech watchdog group. | | | | | |
