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US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
FromFT News Briefing
US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
FromFT News Briefing
ratings:
Length:
10 minutes
Released:
Jul 31, 2020
Format:
Podcast episode
Description
Facebook, Amazon, and Apple all reported stellar revenue increases in the latest quarter. The FT’s Richard Waters will explain what that means in the context of Wednesday’s US congressional big tech antitrust hearings. Then, FT US markets reporter Colby Smith will explain investor reaction to the worst contraction in the US economy in postwar history. Plus, corporate America is still clinging on to share buybacks despite the global recession. Register for the Energy Source talk, “Profit and Power in the Energy Industry” https://live.ft.com/Events/2020/Profit-and-Power-in-the-Energy-Industry?segmentId=b52e1504-1d03-48a4-76bc-38fb50ada64b&utm_us=JJYAAPApple revenues defy expectations despite store closureshttps://www.ft.com/content/20d1ef26-2bf4-4900-85b2-08ef7c6d1ae1US economy suffers sharpest postwar contraction in second quarterhttps://www.ft.com/content/3ff15dc7-be90-4676-8121-5a868016c4bbUS companies cling to share buybacks despite collapse in profitsft.com/content/1c924be0-5bc0-4eba-a088-b98b13080c04? See acast.com/privacy for privacy and opt-out information.
Released:
Jul 31, 2020
Format:
Podcast episode
Titles in the series (100)
Friday, October 19: Tougher talk from the US on Saudi Arabia, Uber’s move from drivers to waiters and why Wall Street traded lower on Thursday. Plus, a report from day two of the EU summit. by FT News Briefing