Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.World Economyread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
The company surpassed Microsoft and Amazon Wednesday with a market capitalization of $821.59 billion. Microsoft ended the trading day with a market value of $813.48 billion and Amazon ended the day with a market value of $805.70 billion. The three companies have been in a tight race for the top spot since late last year, with Microsoft ending 2018 on top and Amazon briefly stealing the crown.
But the recent earnings season has swung the pendulum back in Apple's favor. Apple suffered a steep loss in market value in early January after warning investors to expect weak revenue for its first quarter 2019. In the three months leading up to the warning, investors already anticipated the revenue drop and Apple's market cap bled $452 billion.
Apple's warning tempered expectations so effectively that its actual earnings report was well-received. The stock soared nearly 7 percent the day after Apple's report, where it proved strong services margins even as its iPhone revenue was down 15 percent.
Amazon and Microsoft's earnings reports, on the other hand, under-delivered compared to analysts' expectations. Microsoft fell as much as 4 percent after missing on revenue and providing light guidance. Amazon initially rose on its earnings and revenue beat, but fell sharply once executives revealed on the call with analysts that the company will ramp up investments in hiring and capital expenditure this year and noted concerns around new regulation in India. The stock even fell into bear market territory on Friday, dropping below $800 billion in market value.