News Stream – 00s’ High Tech Giants

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Peloton stock was a top performer in the coronavirus stock market rally. But is the fitness stock "on sale" now?

Several prominent investment management firms purchased shares in the first quarter of companies that plummeted when large banks sold them in a hurry amid the collapse of private investment firm Archegos Capital Management at the end March. Regulatory filings show that Soros Fund Management and hedge funds HG Vora Capital Management and Coatue Management entered positions in media stock ViacomCBS Inc after disclosing no holdings in the previous quarter. The so-called 13F filings do not disclose the date the purchase was made but give a snapshot of what U.S. stocks fund managers owned at the end of the quarter.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Here're seven ETFs that could help investors take take advantage of strong trends The post 7 ETFs To Buy if You Want To Try To Outperform Cathie Wood appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner

• The U.S. is sending 20 million doses of Pfizer, Moderna and Johnson & Johnson Covid-19 vaccines to other countries by the end of June, in addition to the 60 million doses of AstraZeneca vaccine it promised last month, President announced Monday. The (AZN) doses — all the vaccine it has produced in the U.S. — will be sent as soon as they are cleared as safe by the Food and Drug Administration. The other vaccines will be sent as they are available.

(Bloomberg) -- Apple Inc. began Monday to present its case in the closely watched antitrust trial with Epic Games Inc. -- a defense that will include testimony from Chief Executive Officer Tim Cook.Epic already has presented witnesses for two weeks in federal court in Oakland, California. First up on the witness stand for Apple is Phil Schiller, an Apple Fellow who runs the App Store and previously was its senior vice president of worldwide marketing for decades.Schiller is a smooth, technologically-savvy speaker who made his mark as Apple’s top spokesman for product announcements. He’s known as Apple’s chief defender and guards the company’s brand with passion. Aside from Steve Jobs and Cook, Schiller has been one of the most important assets at Apple since its resurgence in the late 1990s.Schiller, who previously testified in Apple’s 2011 suit accusing Samsung of copying patented designs for mobile devices, took on responsibility for the App Store business in 2015, and last year moved out of his former marketing chief role. Despite taking on the App Store officially only 6 years ago, he was a critical part of its development and launch in 2008 and was typically involved in key decisions regarding developers, app review and new features.The most anticipated witness will be Apple’s closer: Cook. When Apple introduces new products, Cook’s typical strategy is to come on stage, discuss the company’s values, and then hand-off the stage to his lieutenants. This time, Cook plans to discuss the company’s business model and why the App Store operates as it does. It will also mark Cook’s first testimony in court, as he bypassed earlier trials with Samsung and Qualcomm Inc.In filings with the court, Apple said that Schiller will discuss the development and launch of the App Store, policies and guidelines, the company’s business model, and competition faced by the company.How Apple’s App Store Sparked an Epic Trial: QuickTakeIn his first minutes on the stand Monday, Schiller answered questions about how Apple stopped having separate profit and loss statements for different units after the company was reorganized under Jobs’ watch in 1997. How much Apple makes from the App Store is central to Epic’s case that the marketplace for apps for mobile devices is run like a monopoly.Epic sued Apple last year amid a backlash against the technology giant-- with billions of dollars in revenue on the line -- from global regulators and some app developers who say its standard App Store fee of 30% and other policies are unjust and self-serving.The Apple-Epic fight blew up in August when the game maker told customers it would replace Apple’s in-app purchase system with its own, circumventing Apple’s commissions from add-ons inside of Fortnite. Apple then removed the game, cutting off access for more than a billion customers.Over the past two weeks, Epic executives including CEO Tim Sweeney and representatives from Apple rivals including Microsoft Corp. and Nvidia Corp. took the stand to help the North Carolina-based Fortnite maker present its argument. Apple’s lawyers tried to punch holes in Epic’s case with cross-examination questions to witnesses aimed at showing how the iPhone maker competes with video game consoles and Google Android devices in a large game distribution market.After Schiller, Apple software chief Craig Federighi is expected to take the stand to discuss engineering and security in the App Store and Apple’s products. Federighi re-joined Apple in the late 2000s as a senior executive on its Mac software engineering group.In 2011, he was promoted to the head of Mac software engineering, and, a year later, was tapped to replace Apple’s iPhone and iPad software chief. He now oversees software for both platforms as well as underlying technology for Apple’s other operating systems. He’s also a key decision maker for the App Store.(Updates with recap of Epic’s case)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Amazon.com Inc(NASDAQ: AMZN)-backed Munich’s smart home company, Tado, has raised an additional $46 million at a high ...

John Traynor, CIO of People's United Advisors, joins Yahoo Finance’s Kristin Myers to discuss market outlook amid the economic recovery and cryptocurrency.

Apple Inc on Monday began its formal defense in an antitrust trial brought by "Fortnite" online game creator Epic Games, by calling its App Store chief Phil Schiller to the stand. Schiller, who has spent three decades at the iPhone maker, is expected to spend more than 10 hours on the witness stand in federal court in Oakland, California, rebutting Epic's allegations that Apple has monopoly over mobile developers that it abuses by requiring them to use its in-app payments system and pay commissions. Over the past two weeks, Epic's executives and expert witnesses argued that Apple has such a strong lock on customers that the world's more than 1 billion iPhone owners constitute their own separate market over which Apple exercises strict control.

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(Bloomberg) -- A top Amazon.com Inc. executive backed the effort to have a mailbox installed outside an Alabama warehouse during a recent union election, according to emails presented during a hearing about the disputed vote.Employees lobbying the U.S. Postal Service to install the mailbox said it was a “highly visible” initiative of Dave Clark, who leads the company’s retail and logistics groups.The mailbox outside Amazon’s Bessemer, Alabama, facility is at the center of the Retail, Wholesale and Department Store Union’s bid to overturn its election loss there. Amazon says it requested the mailbox to provide a secure and convenient means for employees to vote, but the union says the mailbox gave Amazon the ability to spy on workers as they voted and created the appearance that the retail giant was involved in conducting the election.The National Labor Relations Board, which oversees union votes, started holding hearings last week on the RWDSU’s objections. Emails displayed during the Zoom hearing on Monday show the extent of Amazon’s campaign, which looped in senior USPS officials in Washington.“Please let me know where we stand on this -- this is a highly visible Dave Clark initiative,” Becky Moore, a senior manager at Amazon, wrote to USPS officials in an email in late January, seeking an update on the company’s request. Another email indicated that Adam Baker, a vice president with Amazon’s transportation group, had “escalated” the request to Jacqueline Krage Strako, USPS’s chief commerce and business solutions officer, who reports to Postmaster General Louis DeJoy.Jay Smith, director of enterprise and key accounts for the USPS, testified on Monday that the postal service had determined it could not place a blue collection box outside the warehouse on a temporary basis. Instead, it decided to install a cluster box, a rectangular steel enclosure that contains multiple locked doors, a setup often found at apartment complexes or commercial buildings. Smith said it was the first time he was aware of USPS installing a cluster box at the request of a private customer.In early February, Smith informed Moore and Brian Palmer, a senior manager with Amazon’s public policy group in Washington, that USPS would install a cluster box outside the facility later that week. (Portions of the email exchanges, some of which were obtained in redacted form by the union through Freedom of Information Act requests, were reported last month by the Washington Post.)Such boxes typically include an outgoing mail slot. In this case, the USPS enlarged the compartment by combining that slot with a box at the bottom right, labeled “1P,” to accommodate the larger-than-normal volume of expected mail during the vote. An Amazon employee testified last week that he saw Amazon security guards use keys to open the large box on the bottom right, labeled “1P.”During cross-examination by a lawyer representing Amazon, Smith said the company was not given a copy of the “arrow key” necessary to open the outgoing mail compartment. He said the installation of the cluster box, which had previously sat unused, was within postal service policy.Smith testified on Monday that Amazon, as an addressee at the site, would have had keys to open whichever of the other boxes, numbered 1 through 12, that it was assigned.Palmer subsequently asked Smith if it would be okay to place a “vote here” sticker above the outgoing mail slot, according to an email presented on Monday. Smith testified that he told Amazon it wasn’t possible. He added that he was surprised to learn, from images published in the Washington Post, that Amazon had erected a tent over the mailbox bearing the text “Speak for yourself! Mail your ballot here.”“I did not want to see anything else put around that box indicating that it was a vote,” Smith said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

FB stock broke out into a buy zone on April 5, then surged on huge earnings. But as Big Tech lags and app users ditch ad-tracking, is Facebook still a buy?

Apple Fellow Phil Schiller, a company executive who oversaw the marketing of its products for 30 years, outlined the history of the Apple App Store under questioning from Apple lawyer Richard Doren. Schiller is expected to offer a narrative on the success of the store, which is the center of Epic's antitrust claims.

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‘When same-sex marriage became a possibility in New York, he declined to consider it because he did not want to take on any possible financial obligations that a future divorce might entail.’

InvestorPlace - Stock Market News, Stock Advice & Trading Tips BABA stock is attractive on a fundamental, comparative, and technical basis. Time to be a buyer at lower levels with a bull put spread. The post Alibaba Is a Finally a Buy After Prolonged Correction appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner

(Reuters) -Several prominent investment management firms purchased shares in the first quarter of companies that plummeted when large banks sold them in a hurry amid the collapse of private investment firm Archegos Capital Management at the end March. Regulatory filings show that Soros Fund Management and hedge funds HG Vora Capital Management and Coatue Management entered positions in media stock ViacomCBS Inc after disclosing no holdings in the previous quarter. The so-called 13F filings do not disclose the date the purchase was made but give a snapshot of what U.S. stocks fund managers owned at the end of the quarter.