Google Alert - Business

	Business Daily update ⋅ July 30, 2020
	NEWS
	Washington Post Big Tech CEOs to face off with Congress Washington Post Congress on Wednesday is set to grill the top executives from Amazon, Apple, Facebook and Google in a landmark antitrust hearing that could pave the way for sweeping changes targeting Silicon Valley. The high-profile interrogation on Capitol Hill caps off a ... Flag as irrelevant
	Wall Street Journal GE Hit by Steep Decline in Jet-Engine Business Wall Street Journal General Electric Co. GE 2.68% posted a roughly $2 billion quarterly loss as revenue tumbled 24%, hurt by a steep decline in a jet-engine business that has been hobbled by the coronavirus pandemic. The aviation business, once a profit engine for GE, swung ... Flag as irrelevant
	The New York Times Big Tech Hearing Live Updates: Lawmakers Attack Executives The New York Times Democrats on the committee quickly dug into the issue of competition, citing documents obtained from inside the tech companies that they said showed their anti-competitive conduct. Representative David Cicilline, the chairman of the antitrust subcommittee, ... Flag as irrelevant
	Wall Street Journal Fed Maintains Stimulus Commitment as Economic Outlook Dims Wall Street Journal The Federal Reserve said the U.S. economy faced major challenges from the coronavirus pandemic and reiterated its pledge to take aggressive action to support an eventual recovery. "The path of the economy will depend significantly on the course of the ... Flag as irrelevant
	Washington Post Big Tech CEOs Endure Hours of Withering Questions From Congress Washington Post The chief executives of four U.S. technology giants endured withering, rapid-fire questioning for more than five hours from lawmakers who accused their companies of using their power to crush rivals and squash competition. Support our journalism. Subscribe ... Flag as irrelevant
	Reuters Fed chief says coronavirus surge starting to dent US economic recovery Reuters (Reuters) - The surge in U.S. coronavirus cases and the restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, pointing to an apparent pullback by consumers and a slowdown ... Flag as irrelevant
	The Verge Everything you need to know from the tech antitrust hearing The Verge The CEOs of Apple, Google, Facebook, and Amazon testified in Congress today — trying to convince the House Judiciary Committee that their business practices don't amount to anti-competitive monopolies. It's one of the biggest tech oversight moments in ... Flag as irrelevant
	Wall Street Journal Deutsche Bank Posts Small Profit as It Boosts Bad-Loan Provisions Wall Street Journal Deutsche Bank AG DB -1.05% on Wednesday reported a small second-quarter profit as it set aside €761 million ($892 million) to cover potential losses on loans to borrowers hurt by the coronavirus pandemic. The German lender said profit was €61 million in ... Flag as irrelevant
	NPR Heads Of Amazon, Apple, Facebook And Google Testify On Big Tech's Power NPR Updated at 6:35 p.m. ET. Are Facebook, Google, Amazon and Apple "emperors of the online economy" that stifle competition and hurt consumers? Not surprisingly, the tech giants' chief executives told Congress: absolutely not. The concern that too much ... Flag as irrelevant
	Reuters Fed chief says coronavirus surge slowing US economic recovery Reuters (Reuters) - The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central bank would "do what we can, and for as long as it takes," to limit damage and ... Flag as irrelevant
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