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The news late last week that Microsoft has been in negotiations to acquire the short-form video app TikTok was a bit surprising. Hearing business-focused Microsoft mentioned in the same sentence with the dancing and lip-syncing wonder that is TikTok didn’t sound quite right—at first. But upon further reflection, a Microsoft-TikTok tie-up begins to make more sense. In fact, a deal—if both companies are able to appease the Trump administration—could be good news for Microsoft. As TikTok… Source link

(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

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

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

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

[unable to retrieve full-text content]Who will emerge as Patrick Mahomes’ nemesis? | Yahoo Sports NFL Podcast  Yahoo Sports Source link

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

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

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

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