BRIAN GAYNOR: A gruelling week for big tech companies

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...

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Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 1:00pm

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Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am