US big tech companies report colossal earnings, US GDP down, companies cling to share buybacks
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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.
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Apple revenues defy expectations despite store closures
https://www-ft-com.ezp-prod1.hul.harvard.edu/content/20d1ef26-2bf4-4900-85b2-08ef7c6d1ae1
US economy suffers sharpest postwar contraction in second quarter
https://www-ft-com.ezp-prod1.hul.harvard.edu/content/3ff15dc7-be90-4676-8121-5a868016c4bb
US companies cling to share buybacks despite collapse in profits
ft.com/content/1c924be0-5bc0-4eba-a088-b98b13080c04?
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