(Bloomberg) -- International Business Machines Corp. reported third-quarter revenue that beat analysts’ forecasts, driven by gains in its cloud offerings, an area the company will focus on exclusively after spinning off legacy business units.The company, which had pulled its full-year…
When an explosive—and most likely fake—story about Joe Biden’s son began to circulate online this week, Facebook did something unusual: It decided to restrict its spread while it investigated the story’s accuracy. This marked the first prominent deployment of a…
Oct.18 -- China passed a new law to restrict sensitive exports to protect national security, helping Beijing gain reciprocity against U.S. as tech tensions mount. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."
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Stock futures opened slightly higher Monday evening as investors awaited highly anticipated events from tech giants Amazon and Apple and looked ahead to the first batch of corporate earnings results set for release Tuesday morning.
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. IBM shook up Wall Street on Thursday with a plan to spin off its information technology services unit as…
Protests. Wildfires. Pandemic. A presidential election. In these chaotic times, it can be hard to keep up with the far-out frontiers of “fintech.” Yet even amid this manic news cycle, the groundwork is being laid for an alternate financial reality.…
(Bloomberg) -- Apple Inc. has stopped selling headphones and wireless speakers from rivals including Sonos Inc., Bose Corp. and Logitech International SA as the company gears up to launch its own new audio products.The Cupertino, California-based technology giant has long…
Despite ending on a rough note with several straight weeks of losses to end September, Q3 was actually a surprisingly strong quarter for investors, with the S&P rising 8.5%. And according to history, that bodes well for Q4. What happens…