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Boeing reports smaller quarterly loss
Wed, 28 Apr 2021 16:00:07 GMT
 
On Wednesday, Boeing posted a smaller quarterly loss, as aircraft deliveries improved amid the air travel rebound from the COVID-19 pandemic. >>
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Apple to face antitrust charge
Wed, 28 Apr 2021 15:00:08 GMT
 
The European Union watchdog is set to hit iPhone maker Apple with an antitrust charge this week over anti-competitive App Store policies, following the music streaming platform Spotify's complaint. >>
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Pinterest's subscriber growth declines
Wed, 28 Apr 2021 13:49:01 GMT
 
Pinterest reported its declining user growth had tarnished an initially robust quarterly report, sending the company's shares down nearly 10% on the report. >>
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Shopify beats Q1 revenue forecasts
Wed, 28 Apr 2021 12:50:27 GMT
 
On Wednesday, Canada's Shopify reported its Q1 revenue skyrocketed as much as 110%, beating analysts' forecasts, driven by the profitability of its e-commerce platform during the 2020 COVID-19-related boom in >>
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GSK tops earnings forecasts
Wed, 28 Apr 2021 11:51:14 GMT
 
On Wednesday, GSK reported it had beaten analysts' estimates for its Q1 earnings on strong demand for treatment in clinics after the COVID-19 restrictions eased. >>
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Spotify sees subscriber growth tumbling
Wed, 28 Apr 2021 11:14:46 GMT
 
On Wednesday, Spotify Technology said it expected its paid subscribers growth below Wall Street forecast in the current quarter, as the number of users was faltering after a surge during >>
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AMD raises revenue outlook
Wed, 28 Apr 2021 10:00:06 GMT
 
Advanced Micro Devices has lifted its annual revenue outlook, betting on robust demand for the chips used in personal computers and data centres, as AMD's CEO assured the firm could >>
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Microsoft meets quarterly sales estimates
Wed, 28 Apr 2021 09:17:29 GMT
 
Microsoft reported its quarterly sales came in line with analysts' forecast, while the company's profit exceeded expectations, but shares slid due to skepticism over the tech giant's heightened valuation around >>
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Alphabet posts record quarterly profit
Wed, 28 Apr 2021 08:29:45 GMT
 
Alphabet Inc set another profit record for the second quarter in succession and announced its plans for a $50B share buyback, but said a demand for ad sales and usage >>
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Sony posts surge in Q4 profit
Wed, 28 Apr 2021 07:30:11 GMT
 
On Wednesday, Sony Corp reported its Q4 operating profit doubled to 66.5B yen ($610.8M), compared with the last year's reading of 35.4B yenr, driven by higher demand for movies, gaming >>
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US raises minimum wage for federal contractors
Wed, 28 Apr 2021 05:00:08 GMT
 
According to top White House officials, the US President Joe Biden has signed an executive order that increases the minimum wage for federal contract workers to $15 an hour. >>
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Eli Lilly cuts 2021 earnings forecast
Wed, 28 Apr 2021 04:00:07 GMT
 
On Tuesday, Eli Lilly and Co reported lower than expected first-quarter profit, as the drugmaker slashed its earnings forecast for 2021. >>
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OPEC+ to ease oil output cuts from May 1
Wed, 28 Apr 2021 03:00:09 GMT
 
According to sources with knowledge of the matter, OPEC+ has decided to stick to policies broadly agreed at the previous meeting to ease crude oil production cuts from May 1. >>
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China probes Ant Group's listing process
Wed, 28 Apr 2021 01:20:59 GMT
 
As reported by the Wall Street Journal on Tuesday, the Chinese central government is investigating how the co-founder of Alibaba Group Jack Ma won speedy approvals for his Ant Group's >>
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Russia fines Apple for app market dominance
Tue, 27 Apr 2021 20:00:08 GMT
 
Russia's Federal Antimonopoly Service fined the US tech giant Apple $12M for allegedly abusing the company's dominant position in the mobile applications market. >>
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