 | | | | TikTok, the popular short-form video app, has been sued by rival Triller, which accused it of infringing its patent for stitching together multiple music videos with a single audio track. | | | | | | Google parent Alphabet Inc's quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. | | | | | | Shake Shack Inc posted a bigger-than-expected quarterly loss on Thursday, as the burger chain temporarily closed some restaurants and limited working hours due to COVID-19 lockdowns and civil unrest that gripped several U.S. cities. | | | | | | Stock markets, oil prices and the dollar slid on Thursday as new government data underscored the deep economic impact of the coronavirus and U.S. President Donald Trump raised the possibility of delaying the November election. | | | | | | Ford Motor Co on Thursday posted a quarterly profit thanks to an investment by Volkswagen AG in its self-driving Argo AI unit, which offset a production shutdown forced by the coronavirus pandemic as the No. 2 U.S. automaker said it still expects to post a loss for the full year. | | | | | | Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. | | | | | | Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. | | | | | | Gilead Sciences Inc , maker of the widely-used coronavirus treatment remdesivir, on Thursday posted worse-than-expected second-quarter results due to weak sales of its hepatitis C drugs and flagship HIV treatments during pandemic lockdowns. | | | | | | Facebook Inc beat analysts' estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the coronavirus pandemic even as they slashed marketing budgets elsewhere. | | | | | | The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential election. | | | | | |
