Big Tech Companies Reap Gains as Covid-19 Fuels Shift in Demand

Amazon and Google report strong quarterly sales and profits in the midst of a debate over their market power.

The Wall Street Journal |  2020-10-30 | Fuente original

U.S. States Face Biggest Cash Crisis Since the Great Depression

The drop in income and sales tax revenue has created a historic crisis for states, with a total shortfall expected in the hundreds of billions of dollars. The projected gaps are greater than 2019’s K-12 education budget for every state combined, or more than twice the amount spent that year on state roads and other transportation infrastructure.

The Wall Street Journal |  2020-10-29 | Fuente original

Tech CEOs Square Off With Senators in Hearing Over Online Speech

A Senate hearing in which lawmakers tangled with leaders of the largest social-media companies reflected deep discontent with their power to shape political discourse—and equally deep divisions over how to address it.

The Wall Street Journal |  2020-10-29 | Fuente original

WSJ News Exclusive | Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department

The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa’s purchase of the fintech firm.

The Wall Street Journal |  2020-10-28 | Fuente original

Microsoft’s Earnings Continue to Ride Pandemic-Fueled Demand for Cloud, Videogaming

The software company expects the pandemic-era surge in demand for cloud-computing services, videogaming and computers that delivered a solid quarter to persist at least through the rest of the year.

The Wall Street Journal |  2020-10-28 | Fuente original

Amy Coney Barrett Sworn In as Supreme Court Justice

Amy Coney Barrett took the first of two oaths to be sworn in to the Supreme Court Monday, elevating a disciple of the late Justice Antonin Scalia and establishing a broad conservative majority for the first time since the 1930s.

The Wall Street Journal |  2020-10-27 | Fuente original

Ant Group to Raise More Than $34 Billion in Record IPO

The Chinese financial-technology giant will list its shares in what is set to be the world’s biggest-ever initial public offering, a deal that bypasses U.S. stock exchanges.

The Wall Street Journal |  2020-10-27 | Fuente original