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News briefing about stocks. Focusing on IT and semi-conductor stocks in US market, such as FAAMNG (Facebook, Apple, Amazon, Microsoft, Netflix, Google), TSMC, Nvidia, Tesla Continue Reading >>
News briefing about stocks. Focusing on IT and semi-conductor stocks in US market, such as FAAMNG (Facebook, Apple, Amazon, Microsoft, Netflix, Google), TSMC, Nvidia, Tesla << Show Less
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07/27/2021, According to Business Insider, Amazon.com has discontinued its use of Workday's human resources software. According to Business Insider, Amazon.com has discontinued its use of Workday's human resources software.
Workday's stock dropped as much as 7.8 percent in one day, the most since Nov. 20. The shares stopped at $230.66, -3.33% at the market closed time. According to Workday, the decision was made 18 months ago due to Amazon's "unique set of needs."
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07/27/2021, According to Business Insider, Amazon.com has discontinued its use of Workday's human resources software. According to Business Insider, Amazon.com has discontinued its use of Workday's human resources software.
Workday's stock dropped as much as 7.8 percent in one day, the most since Nov. 20. The shares stopped at $230.66, -3.33% at the market closed time. According to Workday, the decision was made 18 months ago due to Amazon's "unique set of needs."
07/27/2021, Teladoc Health Inc. shares fell more than 7% in the extended session Tuesday Teladoc Health Inc. shares fell more than 7% in the extended session Tuesday
after the telemedicine company reported a larger-than-expected second-quarter loss and guided for a larger-than-expected per-share loss for the year. Teladoc reported a loss of $133.8 million, or 86 cents per share, in the second quarter, compared to a loss of $25.7 million, or 34 cents per share, the previous year. Revenue increased to $503 million from $241 million the previous year.
07/27/2021, Tesla (NASDAQ:TSLA) shares fell 1.95 percent on Tuesday. Tesla (NASDAQ:TSLA) shares fell 1.95 percent on Tuesday.
The drop in the growth stock comes after the electric-car maker's second-quarter report, which was released after the bell on Monday. Year on year, revenue nearly doubled to around $12 billion. This surpassed the $11.3 billion consensus estimate of analysts. Non-GAAP (adjusted) earnings per share were $1.45, exceeding analysts' average forecast of $0.98.
Tesla shares are most likely trading lower due to a bearish day in the market as a whole.
07/27/2021, Stocks fell on Tuesday ahead of the release of earnings reports from mega-cap technology companies Stocks fell on Tuesday ahead of the release of earnings reports from mega-cap technology companies
such as Google, Apple, and Microsoft. The Nasdaq has fallen 1.21 percent. Markets are also anticipating the release of the Fed's two-day meeting decision on Wednesday. Concerns about the spread of the Delta variant, as well as a regulatory crackdown in China, lingered as well.
07/27/2021, Logitech International (NASDAQ: LOGI) reported better-than-expected earnings late Monday, Logitech International (NASDAQ: LOGI) reported better-than-expected earnings late Monday,
but management maintained its forecast for flat sales growth in fiscal 2022. Analyst Alexander Duval at Goldman Sachs downgraded the stock from a buy to a neutral rating, citing valuation concerns. The stock was down 10.28 percent.
07/27/2021, Google reported its second-quarter earning after market closed on Tuesday. Google reported its second-quarter earning after market closed on Tuesday.
Its revenue was about $51 billion. Analysts projected $46.1 billion. Profit was $27.26 a share, topping the average estimate of $19.35.
Google shares were up 0.38% as of 2:40pm.
07/27/2021, Apple (AAPL) reported its Q3 2021 earnings after the closing bell on Tuesday, Apple (AAPL) reported its Q3 2021 earnings after the closing bell on Tuesday,
beating analysts' expectations thanks to strong iPhone sales performance and year-over-year revenue growth of 36%.

Revenue: $81.4 billion versus the expected $73.8 billion

Earnings per share: $1.30, compared to $1.01 expected

iPhone revenue was $39.57 billion, compared to the expected $34.5 billion.
Revenue from services: $17.49 billion versus $16.3 billion expected

The stock of the company fell more than 2.6% after market closed as of 2:30pm.
07/27/2021, For the tenth consecutive quarter, Microsoft's sales and profit exceeded analysts' expectations. For the tenth consecutive quarter, Microsoft's sales and profit exceeded analysts' expectations.
Sales in the fourth quarter increased by 21% to $46.2 billion, compared to the $44.3 billion average estimate of Bloomberg polled analysts. Net income increased to $16.5 billion, or $2.17 per share, compared to $1.92 predicted by analysts.
However, investor optimism was dampened by the software giant's cloud-computing business's slowing growth. Following the report, Microsoft shares fell about 2.5 percent in extended trading.
07/23/2021, According to Bloomberg, the Chinese government is considering new regulations governing after-school tutoring services. According to Bloomberg, the Chinese government is considering new regulations governing after-school tutoring services.
China is considering requesting that tutoring companies become non-profit.

Following those and other reports, the lists of the biggest decliners and most active stocks on major U.S. exchanges were littered with U.S.-traded shares of Chinese education companies.

TAL, the stock of Tal Education Group, fell 70.8 percent to $6.00, its lowest closing price since October 2015. The EDU of New Oriental Education
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