Tuesday 27 October 2020

Microsoft beats sales estimates as Azure growth ticks upward

Microsoft beats sales estimates as Azure growth ticks upward

Microsoft Corp beat Wall Street estimates for quarterly revenue on Tuesday, powered by a slight uptick in growth in its flagship cloud computing business as the software maker continued to benefit from a global shift to working from home and online learning.

Musk's SpaceX pegs initial Starlink internet price at $99 per month: email 

SpaceX is offering its Starlink broadband satellite internet service to test users for $99 a month, plus $499 for a setup kit, according to emails seen by Reuters, as Elon Musk's space company pushes to offer fast internet speeds to rural customers with limited options.

S&P 500, Dow slip on worries about earnings, U.S. stimulus outlook

Stocks on Wall Street closed little changed on Tuesday, with the Dow and S&P 500 slipping on disappointing earnings and little hope for a U.S. coronavirus stimulus before Election Day, though the Nasdaq rose ahead of big technology company results.

Stocks stumble, dollar dips on COVID-19, U.S. election anxiety

A gauge of world stock markets dropped and the U.S. dollar slipped on Tuesday as investors grappled with a surge in coronavirus cases and uncertainty over the impending U.S. presidential election.

Airbnb sets stage for blockbuster market debut, looks at Nasdaq listing

Home-rental startup Airbnb Inc plans to list its shares on the Nasdaq, setting the stage for one of 2020's most high-profile stock market debuts.

Tech chief executives to defend key law in front of U.S. Senate panel on Wednesday

The chief executives of Twitter Inc , Facebook and Alphabet Inc will tell U.S. lawmakers at a hearing on Wednesday that a federal law protecting internet companies is crucial to free expression on the internet, according to written testimonies from the companies seen by Reuters.

Detroit automakers keep masks on to keep the factories running

When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop.

Huawei lawyers press Canada police witness on CFO's arrest in U.S. extradition case

Huawei Technologies Co Ltd lawyers resumed witness testimony in a Vancouver court on Tuesday, pushing a Canadian federal police officer to explain why the border security officials intercepted the company's Chief Financial Officer Meng Wanzhou before the federal police arrested her.

Mercedes-Benz to lift Aston Martin stake to up to 20% by 2023

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday.

Greenlight's Einhorn says tech stocks in bubble, hit top in September

Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.

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