Tag Archives: Record

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

(Bloomberg) — The dollar extended its recent slide and gold rose to a record high as investors mulled simmering Sino-American tensions, the upcoming Federal Reserve meeting and signs the virus spread in the U.S. may be slowing. Global stocks were mixed. The Bloomberg Dollar Spot Index fell as much as 0.8% to its lowest in about a year and a half. Shares fluctuated in Japan, Hong Kong and Australia, while U.S. and European futures climbed after last week’s declines. A 10% surge in Taiwan… Source link

Shares of Google parent Alphabet Inc. GOOGL, +3.09% gained 0.8% in premarket trading, putting them on track to open in record territory, after Mizuho analyst James Lee raised his price target, citing signs that Google’s search advertising was tracking “modestly” ahead of expectations. Lee lifted his target to $1,750, which is 12% above Monday’s closing price, from $1,650, while maintaining the buy rating he’s had on the stock for at least the past three… Source link

(Bloomberg) — Bullish factors building in the bullion market are set to see prices take out the record set in 2011, according to Citigroup Inc. Prices are benefiting from loose monetary policy, low real yields, record inflows into exchange-traded funds and increased asset allocation, analysts including Ed Morse wrote in the bank’s third-quarter commodities outlook. Gold is expected climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000… Source link

MEXICO CITY (Reuters) – Mexico’s Health Ministry on Saturday posted a record for new coronavirus cases reported on a single day, with 7,615 more confirmed cases, bringing its overall tally of infections to 338,913, health ministry data showed. The ministry also reported 578 additional fatalities, bringing the total in the country to 38,888 deaths. The government has said the real number of infected people is likely significantly higher than the confirmed cases. Speaking to a news conference,… Source link

(Bloomberg) — Florida posted a record number of 156 virus deaths. The Republican presidential convention in Florida will be scaled back as cases in the state continue to spike. Maryland’s Republican governor criticized the Trump administration’s handling of the virus, saying it “bungled” testing. The U.K. accused Russian state intelligence of trying to steal vaccine research. Hong Kong reported a record number of cases, the third time in about a week that its new outbreak breached… Source link