OECD Revises Growth Forecast Upward for 2020

The Organization for Economic Cooperation and Development has raised its forecast for global economic growth in 2020 but cautioned that the recovery from the coronavirus pandemic remains uncertain and fragile. In its latest interim economic assessment released on Wednesday, the OECD said it now expects the world economy to shrink by 4.5% this year before […]

Stay-at-Home Demand Drives Apple Growth

Apple reported sales growth across all its products, with iPads and Mac computers in particular benefiting from the shift to working and learning from home. Apple’s overall sales rose 11% in the third quarter to $59.7 billion and profits increased 12% to $11.25...

Snap User Growth Rises But Misses Forecast

The owner of Snapchat reported better-than-expected quarterly results but slowing user and revenue growth appeared to weigh on investors. Snap’s revenue, which comes from advertising sales, rose 17% to $454.2 million in the second quarter, beating estimates of $439.1...