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The lesson from Apple, Google and Microsoftâs profit boom
The combined $68 billion Apple, Microsoft and Google parent Alphabet earned during the June quarter suggest theyâve emerged from the pandemic even stronger and more powerful.Â
Jul 28, 2021 â 11.37am
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Apple chief executive Tim Cook has something in common with his customers in Australia: heâs starting to get worried about how the delta variant of COVID-19 could mess up the rest of the year.
Apple has already pushed back the mass return of employees to its Californian headquarters from September to October, and its executives danced around questions about whether the pandemic could delay the launch of the latest iPhone for the second year running.
ASX dips; S&P moves Australia to stable
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S&P revises Australia outlook to stable, affirms ratings
Phillip Coorey
Australia has bucked the global trend and had its credit rating taken off negative watch in response to what agency S&P says was the government’s swift and decisive repose to the coronavirus pandemic.
In a statement that has buoyed the Morison government, S&P revised its long-term rating for Australia from negative to stable.
“At the same time, we affirmed our AAA long-term and ‘A-1+’ short-term unsolicited sovereign credit ratings on Australia,” it said in a statement issued Monday.
Record-breaking market frenzy will come to an abrupt halt , experts warn
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Sue Park bought her first shares after the COVID crash in March 2020.
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Exactly one year ago, Sue Park decided it was a great time to buy shares for the first time ever.
Key points:
Tech stocks are expected to fall sharply when interest rates are lifted
The ASX went into its shortest-ever bear market in 2020
That was despite the world facing its worst health crisis in more than 100 years.
It was also when the Australian market had suffered its worst trading day since the 1987 crash.
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