Big Tech Earnings Surge as Economy Slumps
▻https://www.nytimes.com/live/2020/07/30/business/stock-market-today-coronavirus?campaign_id=158&emc=edit_ot_20200731&instanc
Here’s what you need to know : Amazon’s earnings double as sales surge. Alphabet’s revenue drops, but beats Wall Street expectations. Ford made $1.1 billion profit in the second quarter even as sales tumbled. Apple blows past expectations with surging sales and profits. The U.S. economy’s contraction in the second quarter was the worst on record. Facebook nearly doubles its profit, but warns of fallout from ad boycotts. Mark Zuckerberg, the chief executive of Facebook, displayed the social (...)
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