Zoom Video Communications Inc warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.
Asian stock markets faced a choppy session on Tuesday after Wall Street dipped as investors took profits at the end of a record-breaking month while still remaining upbeat about the prospect of a COVID-19 vaccine fuelling gains into next year.
Exxon Mobil Corp said on Monday it would take an impairment charge of about US$17 billion to US$20 billion in the fourth quarter related to some of its dry gas assets.
Wall Street stocks fell on Monday as investors took profits after a sharp rally that has put the benchmark S&P 500 index on course for its best November ever.
Tesla Inc will join the S&P 500 index in a single part, S&P Dow Jones Indices announced on Monday following a consultation with investors about the best way to add one of Wall Street's most valuable companies.
Exxon Mobil Corp said on Monday it would take an impairment charge of about US$17 billion to US$20 billion in the fourth quarter related to some of its dry gas assets.
Exxon Mobil Corp said on Monday it would take an impairment charge of about US$17 billion to US$20 billion in the fourth quarter related to some of its dry gas assets.
General Motors Co and Nikola Corp on Monday announced a reworked agreement on a fuel-cell partnership that eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck, sending Nikola shares tumbling almost 25per cent.
Thirty-two groups including ones focused on antitrust, consumer advocacy and progressive issues sent a letter to President-elect Joe Biden on Monday urging him to reject the influence of Big Tech companies on his administration.
British tycoon Philip Green's Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country's biggest corporate casualty of the COVID-19 pandemic so far, administrator Deloitte said on Monday.
