Technology

LONDON (Reuters) – Bitcoin has fared better than stocks but worse than gold and U.S. Treasuries during the coronavirus pandemic, with investors ascribing its performance to speculative bets and bids to hedge against inflation linked to stimulus measures. Enthusiasts have…

(Reuters) – Texas Instruments Inc (TXN.O) on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak. As…

(Reuters) – Facebook Inc (FB.O) announced a $5.7 billion investment in Reliance Industries Ltd’s (RELI.NS) telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited. The social media giant said bit.ly/2RX7iGN it would focus on collaborating…

(Reuters) – A U.S. labor and activist coalition said employees of Amazon.com Inc would take off work starting on Tuesday to draw attention to what it says are unsafe conditions at warehouses during the coronavirus pandemic. The action involves more…

(Reuters) – Snap Inc (SNAP.N) on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic. Snapchat, known for its…

(Reuters) – Netflix Inc (NFLX.O) more than doubled its own projections for new customers as quarantined audiences binged on series such as “Tiger King,” but the company predicted a weaker second half of the year if stay-at-home orders to fight…

SINGAPORE/NEW DELHI (Reuters) – When Singapore launched the first smartphone app of its kind last month to identify and alert people who had interacted with carriers of the novel coronavirus, the city-state of roughly 5.7 million people had 385 cases…

VERSAILLES, France (Reuters) – Amazon (AMZN.O) made its case on Tuesday in a French court of appeal to keep deliveries on track in the country, rejecting unions’ allegations that it was not doing its best to protect employees from COVID-19.…

BOSTON (Reuters) – Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo (7974.T), according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products…

NEW YORK (Reuters) – Investors are once again crowding into a narrow range of technology and internet stocks, heightening concerns that the market’s dramatic bounce from last month’s lows is becoming increasingly vulnerable to sharp reversals as the coronavirus outbreak…