BRIAN GAYNOR: A gruelling week for big tech companies

Brian Gaynor
Fri, 31 Jul 2020

Brian Gaynor
Fri, 31 Jul 2020
The four major tech companies, Alphabet (Google), Amazon, Apple, and Facebook, were under the microscope this week as their chief executives were grilled by United States lawmakers and they reported their June quarter earnings.The four companies have a massive US$4.78 trillion sharemarket value and have created many of the world’s richest individuals.According to Forbes’ live assessment, Amazon’s Jeff Bezos is the wealthiest person on the planet with a net worth of US$181 billion while Facebook’s Mark Zuckerberg is in fo...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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