U.S. stocks recovered on Thursday some of the steep losses seen the day before as investors gobbled up high-flying tech names in anticipation of strong quarterly results after the close, which Amazon, Apple, Facebook and Google's parent Alphabet each delivered. Conway G. Gittens reports.
On Tuesday, Amazon announced Tuesday that it's hiring 100,000 seasonal workers ahead of the holidays. The company said it's looking for workers across experience and skill levels to help pack and ship holiday orders. Business Insider reports that the new roles bring Amazon's total hiring to more than 400,000 since March. The company has faced a rise in online orders amid the coronavirus pandemic.
Facebook has entered the field of cloud-based gaming service and on October 26 introduced cloud games to its existing Facebook Gaming application. The tech giant's cloud gaming services differs from those offered by competitors Amazon or Google, which both offer standalone cloud gaming services for a fee, The Verge reported. "We are doing free-to-play games, we're doing games that are latency-tolerant, at least to start," said Jason Rubin, Facebook's vice president of play. "We're not promising 4K, 60fps, so you pay us $6.99 per month. We're not trying to get you to buy a piece of hardware, like a controller." According to Rubin, the reason Facebook is exploring the cloud is because it opens up the types of games it can offer. The company started out in games more than a decade ago with Flash-based hits like FarmVille before moving to HTML5 for its Instant Games platform, but both of those technologies are relatively limited to smaller, simpler experiences. Facebook's approach to cloud gaming is quite different philosophically from competitors like Google Stadia or Amazon's Luna. The company isn't hyping up its technology or trying to secure big exclusive games. Instead, it feels like more of an extension of what Facebook already offers: quick, easy-to-pick-up titles that can fill up some idle moments in your day, The Verge reported. Similarly, while the focus right now is on free-to-play games, he said, "There may come a day when it makes sense for us to offer a premium game." But the company wanted to start out by making it as easy as possible to play these games. Free is usually pretty easy.
The father of Walter Wallace, a Philadelphia Black man shot dead by police, is appealing for calm as a second night of protests over his son's death brought renewed violence. Matthew Larotonda reports.
KFC KFC announced Monday that it's bringing back its fried chicken-scented fireplace log for the third year in a row. Customers can purchase a log for $15.88 on Walmart's website and at select store locations. KFC is known for its wacky marketing tactics and unusual products. With the holiday season fast approaching, KFC is bringing back its chicken-scented firelog for the third year running.
Walmart said it filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions. Conway G. Gittens has more.
Black Friday is coming November 27. Business Insider reports that Best Buy is one of the major retailers to keep an eye on for deals. Best Buy's Black Friday 2020 sale features a Black Friday price guarantee to help shopper save all season long. It's a perk limited to My Best Buy members. Year after year, Best Buy provides significant price drops on everything. There will be deals on the latest TVs, speakers, headphones, laptops, gaming gear, and more.
On Friday, Apple shares fell as much as 5.6%. The drop comes after the tech giant's fiscal fourth-quarter figures failed to meet analysts' expectations. Business Insider reports the slide saw as much as $111 billion erased from Apple's market cap. The company beat estimates for overall revenue and profit. iPhone sales were well below Apple's expectations. Apple's updated phone lineup was released roughly one month later than usual.
Going through the mortgage approval process can be tedious, time-consuming, and stressful. But working hard to get a lower interest rate is totally worth it. According to Business Insider, prospective homebuyers should give themselves at least a few months to get prepared for the rigamarole. First, get your credit score up as high as you can. Second, get your debt-to-income ratio as low as you can. Always pay on time, and pay off any credit card balances before applying for a new mortgage.
Housing prices show no price of dropping, and overall, US wages have remained stagnant for years, if not decades. But according to Business Insider, there are still a few ways one can purchase a home without having to come up with a downpayment--if you're prepared to put in the work. Active and former members of the military can get a Veterans Affairs loan of up to $484,350 in 2019, often with a lower interest rate than a conventional mortgage.
iPhones are probably not the cleanest devices. But how can they be cleaned without getting damaged? Steve John told Business Insider how to clean an iPhone without damaging it. 1. Remove your phone case. 2. Turn the phone off and disconnect any attached cables. 3. Gently moisten your lint-free cloth with water. 4. Wipe lightly at the phone, applying minimal pressure. 5. Dry the phone with another clean cloth as soon as you are done.