US economy did not perform as well as previously thought in 2018
The US economy did not perform as strongly as previously thought in 2018, according to official figures.
US GDP rose by 2.9% in 2018 when...
Alphabet reports revenue of $38.94 billion in Q2 2019, up 19% YoY
Shares in Google-parent Alphabet rose 9% after it reported better-than-expected second-quarter earnings.
The California-based tech giant reported adjusted earnings per share of $14.21 on revenue...
Nokia reports rise in second-quarter profit driven by 5G demand
Nokia performed better than expected in the second quarter of 2019.
The Finnish telecom network equipment maker reported a rise in second-quarter profit, driven by...
Facebook to pay $5 billion penalty over privacy breaches
The Federal Trade Commission (FTC) announced a $5 billion settlement with Facebook on Wednesday to settle privacy concerns.
The fine, which is the largest...
Alibaba allowing US firms to sell on its B2B platform
Chinese e-commerce giant Alibaba is letting US firms sell their products on its business-to-business (B2B) platform to buyers in the US and around the...
IMF cuts global growth forecasts for 2019 and 2020
The International Monetary Fund (IMF) lowered its global growth forecasts for 2019 and 2020 amid heightened trade and technology tensions.
According to its 'World...
Microsoft announces $1bn investment in OpenAI
Microsoft has announced a $1 billion investment in the artificial intelligence (AI) startup OpenAI.
Microsoft said in a news release that the two companies will...
No-deal Brexit could cost the UK economy £30 billion, OBR says
A no-deal Brexit could cost the UK economy £30 billion, according to a report by the Office for Budget Responsibility (OBR).
In its most recent...
Netflix added fewer subscribers than it projected in Q2, shares dropped 10%
Netflix added far fewer new subscribers than it projected it would add in the second quarter of 2019.
The streaming giant only added 2.7 million...
Spending habits infer psychological traits
A person's spending habits can infer certain psychological traits, according to new research published in Psychological Science.
Researchers looked at more than 2 million spending...