The company has been building infrastructure and white-label services for enterprise clients that want to offer cryptocurrency products to their own customers.
EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding with Spotify in a case that could lead to a hefty fine and changes in the iPhone maker’s lucrative business practices.
The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic data, while the Nasdaq eased as investors locked in profits from certain megacap technology firms. Seven of the 11 major S&P 500 sectors were trading higher, with communication services stocks leading gains.
Investors have kept stocks pinned near all-time highs this week as they digest a slew of major earnings in addition to the Fed decision and moves by the administration.Stocks today appear to be headed for a rebound following the better-than-expected earnings results, with Apple climbing 3.1% and Facebook surging 7.1% in premarket trading.Facebook 1Q Impresses, Stock a ‘Top Large Cap Pick’: Street WrapApple reported fiscal second-quarter sales of $89.6 billion, some $12 billion more than analysts expected, and announced a $90 billion buyback, the second-biggest in history.
The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while Amazon jumped in extended trade following its quarterly report.
Britain’s financial watchdog on Friday proposed changing how special purpose acquisition companies can list as the City of London seeks to bolster its global attraction after Brexit.