“The one thing about this crisis we’ve learned is while it might create short term damage for these companies, it actually makes their competitive position stronger,” says Damodaran. “Amazon has already been killing brick and mortar retail. Now, that coffin has been nailed shut. So one of the things that […]
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Apple becomes first US company to hit $2 trillion value
Apple has become the first US company to become worth $2 trillion, a landmark moment in a stock market boom that has made tech companies more valuable than ever in the midst of the coronavirus pandemic. Shares in the company crosse 467.77 on Wednesday, an all-time high that lifts its […]
Tim Cook becomes a billionaire as Apple nears $2 trillion valuation
Apple boss Tim Cook has achieved billionaire status as the iPhone maker comes within striking distance of becoming the first ever US company to hit a $2 trillion (£1.53 trillion) valuation. The former chief operating officer, who took over as chief executive in 2011 following the death of founder Steve Jobs, joins a growing […]
Trump’s $1 trillion rescue plan is too small to save America’s faltering recovery
It is this sort of delayed reaction to output shocks that can cause downturns to metastasise, and it is why countercyclical stimulus must be maintained until the economy reaches escape velocity. Yet, by curse of timing, the $3 trillion relief package rushed through Congress in March with rare bipartisan comity […]
Why Amazon will win the race to $2 trillion
Amazon also has a clear runway of growth in the years ahead, not only in its core e-commerce business but across several others. Amazon Web Services, its highly profitable cloud computing arm, is still growing at over 33pc per year. Amazon Prime Video, its streaming business, is likely to have […]