Stocks Rise Amid Rally in Big Tech, Stimulus Talks: Markets Wrap

(Bloomberg) — U.S. stocks extended their July rally amid a surge in technology shares and on news the White House and Democrats are planning to meet Saturday to discuss the next virus-relief package. Chief of Staff Mark Meadows said the administration is willing to compromise while House Speaker Nancy Pelosi noted Republicans didn’t have the votes to extend the $600 per week unemployment benefit that’s propped up incomes and spending. The Nasdaq 100 outperformed on solid earnings from… Source link

Read More »

New Google Easter Egg Makes Search Results Dance

Google is commemorating the 20th anniversary of the “Cha-Cha Slide” with a unique Easter egg that literally gets the search results moving. Searching for “Cha-Cha Slide” will now bring up a knowledge panel with a sparkling microphone icon. Unless you’re ready to dance, please do not search for [cha cha slide] and click on the microphone. With your volume turned on. For the 20th anniversary of the song. Unless you’re ready, that is. https://t.co/VHSUcmHa8N pic.twitter.com/i1752NOBmb —… Source link

Read More »

What is a stock split: Yahoo U

For more business and finance explainers, check out our Yahoo U page. For the fifth time in its history, Apple (AAPL) will split its stock. Alongside its earnings report for the third quarter of 2020, Apple announced plans for a 4 to 1 stock split, effective Aug. 24. Shares of Apple were trading close to $420 as of July 31. Stock splits have little fundamental effect on the company itself, but the financial maneuver allows companies to capitalize off of a rising stock price by increasing… Source link

Read More »

What is a stock split: Yahoo U

For more business and finance explainers, check out our Yahoo U page. For the fifth time in its history, Apple (AAPL) will split its stock. Alongside its earnings report for the third quarter of 2020, Apple announced plans for a 4 to 1 stock split, effective Aug. 24. Shares of Apple were trading close to $420 as of July 31. Stock splits have little fundamental effect on the company itself, but the financial maneuver allows companies to capitalize off of a rising stock price by increasing… Source link

Read More »

First U.S. apps based on Google and Apple Exposure Notification System expected in “coming weeks” – TechCrunch

Google Vice President of Engineering Dave Burke provided an update about the Exposure Notifications System (ENS) that Google developed in partnership with Apple, as a way to help public health authorities supplement contact tracing efforts with a connected solution that preserves privacy while alerting people of potential exposure to confirmed cases of COVID-19. In the update, Burke notes that the company expects “to see the first et of these apps roll out in the coming weeks” in… Source link

Read More »

Google says 20 states are considering contact tracing contact tracing apps

Google parent Alphabet Inc. GOOGL, -4.47% GOOG, -4.23% on Friday said 20 states are “exploring” contact tracing apps for COVID-19 the company has developed with Apple Inc. AAPL, +7.87%. The technology lets app users track encounters with other people via Bluetooth and anonymously notify them if they become infected with the virus. Additionally, Google said public health authorities in more than a dozen countries and… Source link

Read More »

Google’s ad sales slump but recovery is on the way, analysts say

Ad sales simply have not been adding up, but recovery is on the way. This is the general consensus of Wall Street analysts who follow Google parent Alphabet Inc. GOOGL, -4.41% GOOG, -4.20% after it reported a second straight quarter of declining advertising revenue but offered encouraging signs of a rebound. Still, it wasn’t enough to stop a 5% drop in shares Friday that jeopardizes its $1 trillion market value. Despite the… Source link

Read More »

Oil giants lost billions as pandemic crushed demand for fuel

NEW YORK — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world. Exxon lost $1.1 billion in the second quarter, and the Irving, Texas-based oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year. Chevron Corp. lost $8.27 billion during the quarter, a sharp contrast to the… Source link

Read More »

Majority of Democrats want Biden to pick a Black woman for vice president

WASHINGTON — As presumptive Democratic nominee Joe Biden prepares to announce his vice presidential pick, a new Yahoo News/YouGov poll finds that a majority of Democrats believe that Biden should tap a Black woman to join him on the ticket in November. Biden, who promised that he would pick a woman to be his running mate during the Democratic primaries, has said he would reveal his decision in early August.  Sixty percent of Democrats think it’s important for Biden to select a Black… Source link

Read More »