(Reuters) – The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a brutal selloff to an intraday record high in just 11 weeks, as investors look beyond the economic upheaval caused by the coronavirus. FILE PHOTO: The Nasdaq logo
Technology
FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing on Capitol Hill in Washington, U.S., October 23, 2019. REUTERS/Erin Scott (Reuters) – Facebook (FB.O) CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President
FILE PHOTO: U.S. President Donald Trump delivers a statement on the ongoing protests over racial inequality in the wake of the death of George Floyd while in Minneapolis police custody, in the Rose Garden at the White House in Washington, U.S., June 1, 2020. REUTERS/Tom Brenner (Reuters) – Twitter Inc has disabled U.S. President Donald
NEW YORK (Reuters) – A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can maintain their momentum if jobs do not recover soon. Traders wearing masks work, on the first day of in person trading since the closure
SAN FRANCISCO (Reuters) – Snap Inc said it would no longer promote U.S. President Donald Trump’s account in Snapchat’s Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content. “We will not amplify voices who incite racial violence and injustice by giving them free
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire leaves the Elysee Presidential Palace after a weekly cabinet meeting, in Paris, France May 27, 2020 as France eases lockdown measures taken to curb the spread of the coronavirus disease COVID-19. Ludovic Marin/Pool via REUTERS PARIS (Reuters) – French Finance Minister Bruno Le Maire criticized
FILE PHOTO: European Competition Commissioner Margrethe Vestager presents the EU executive’s economic response to the coronavirus epidemic in Brussels, Belgium, March 13, 2020. REUTERS/Johanna Geron/File Photo BRUSSELS (Reuters) – EU regulators are seeking feedback about a possible new power to investigate businesses and demand changes even when no competition rules have been broken, in a
WASHINGTON (Reuters) – Pacific Networks Corp and its wholly owned subsidiary ComNet (USA) LLC on Monday urged the Federal Communications Commission (FCC) not to shut down its U.S. operations. FILE PHOTO: The Federal Communications Commission (FCC) logo is seen in Washington February 26, 2015. REUTERS/Yuri Gripas/File Photo In April, the FCC issued show cause orders
(Reuters) – Facebook Inc and Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week. A pile of burning garbage set by demonstrators
MOSCOW (Reuters) – Russia’s space agency criticized U.S. President Donald Trump’s “hysteria” about the first spaceflight of NASA astronauts from U.S. soil in nine years, but also said on Sunday it was pleased there was now another way to travel into space. FILE PHOTO: A SpaceX Falcon 9 rocket and Crew Dragon spacecraft carrying NASA
CAPE CANAVERAL, Fla. (Reuters) – SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, launched two Americans toward orbit from Florida on Saturday in a mission that marks the first spaceflight of NASA astronauts from U.S. soil in nine years. FILE PHOTO: The SpaceX Crew Dragon spacecraft, atop a Falcon 9 booster rocket, is
FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Alphabet Inc’s Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States. “We
NEW YORK (Reuters) – Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus. FILE PHOTO: The Lyft logo is seen on a parked Lyft Scooter
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid (Reuters) – Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature
SAN FRANCISCO (Reuters) – Facebook Chief Executive Mark Zuckerberg distanced his company from Twitter and its fight with U.S. President Donald Trump, as the White House readied an executive order about social media companies. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23,
WASHINGTON (Reuters) – U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices. The officials, who spoke to reporters traveling with Trump to Washington from Florida aboard Air Force One on Wednesday,