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The U.S. tech sector is now worth more than the entire European stock market _ Jeff Bezos Becomes The First Person Ever Worth $200 Billion

The U.S. tech sector is now worth more than the entire European stock market _ Jeff Bezos Becomes The First Person Ever Worth $200 Billion

According to the Bank of America Global Research, The dominance of major US tech stocks in recent years has pushed the sector past another milestone, which is now worth more than the entire European stock market. The bank said in a new report that for the first time in its history, the market cap of U.S. tech companies exceeded $ 9.1 trillion, more than the total value of all European stocks, including the U.K. and Switzerland, which stands at $8.9 trillion

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Saudi Aramco's profit plunges 73 percent _ Jeff Bezos sold $ 3 billion worth of Amazon stock

Saudi Aramco's profit plunges 73 percent _ Jeff Bezos sold $ 3 billion worth of Amazon stock

Saudi Aramco's second-quarter net profit fell 73% as the Covid-19 outbreak crippled global crude demand. The company's net profit fell to 24.6 billion riyals ($6.6 billion) in the quarter ended June 30. In the same quarter last year, it was 92.6 billion riyals ($24.7 billion). Saudi Aramco also said that in the first half of this year, the company's net profit fell by 50% to 87.1 billion riyals ($23.2 billion) from 175.9 billion riyals ($46.9 billion) last year.

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China's Huawei is now the largest smartphone maker in the world

China's Huawei is now the largest smartphone maker in the world

Huawei overtook Samsung and Apple in the second quarter of 2020 to become the world's largest smartphone maker for the first time. The latest Canalys report showed that most sales came from China while its international business suffers as a result of US sanctions. The Chinese company sold 55.8 million smartphones, down 5% from a year earlier.

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Apple is now the world's most valuable company, dethroning Saudi Aramco _ The Cost of the Bitcoin Exceeded $ 12,000, hitting 1-year high

Apple is now the world's most valuable company, dethroning Saudi Aramco _ The Cost of the Bitcoin Exceeded $ 12,000, hitting 1-year high

Apple inc's surged over 10% to a record high on Friday. The company reported the best results in the last quarter. Thus, the iPhone maker has overtaken Saudi Aramco to become the world's most valuable publicly listed company. Apple's stock is currently at $ 425.04 and has a market capitalization of $ 1.82 trillion. Apple shares rose the most on Friday, March 13, adding $ 172 billion to its market capitalization.

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Amazon posts biggest profit ever at the height of the Covid-19 pandemic in U.S.

Amazon posts biggest profit ever at the height of the Covid-19 pandemic in U.S.

Amazon has posted the biggest profit in its 26-year history. The company's online sales and lucrative business in support of third-party merchants have increased during the Coronavirus pandemic. Shares of Amazon, the world's largest online retailer, rose 5 %. While traditional retailers have been forced to close their stores due to government-imposed lockdowns, Amazon has hired 175,000 people in recent months and demand for its services has increased. Amazon said revenue was up 40% from last year to $ 88.9 billion.

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