The South Korean conglomerate said on Thursday that it expects to make an operating profit of roughly 12.3 trillion won ($10.6 billion) for the July-September quarter. That’s up 58% from the same period a year ago. The estimates also beat the 26% profit bump analysts polled by data provider Refinitiv had predicted.
Samsung said it expects sales for the third quarter will rise about 6% to 66 trillion won ($57 billion).
US stocks climbed on Thursday on continued fiscal stimulus negotiations, led by mega-cap tech giants like Alphabet, Amazon, and Microsoft.
House Speak Nancy Pelosi and Treasury Secretary Steve Mnuchin had multiple conversations on Thursday, as the two try to work out a fiscal stimulus deal before the upcoming recess in Congress.
Any fiscal stimulus deal will include another round of direct stimulus checks, according to Mnuchin.
Initial weekly jobless claims fell to 837,000, which was lower than expected and suggested that the economic recovery is trudging along.
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US stocks climbed on Thursday, led by mega-cap tech giants like Alphabet, Microsoft, Apple, and Amazon.
Stocks were boosted by continued hope of another round of fiscal stimulus being passed by Congress ahead of their upcoming recess. House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin had multiple conversations throughout the day.
Shortly after the lockdown began, the Ashley Madison “married dating” site saw an uptick in members, as people started having affairs during the pandemic. Today, more than 21,000 people are signing up each day for the online membership service, up from 17,000 a day in March. That’s on top of a worldwide base that had 65 million members around the world in 2019.
Lockdown has not put an end to affairs because of modern technology. Though some cheating has gone virtual, many married daters are still meeting their affair partner in person. Ninety percent of the site’s members have affairs on their smartphones, even though 29% of spouses know each other’s passwords, said Tammy Nelson, a sex and relationship therapist who has studied the results.
“We’re in such unprecedented catastrophic times,” Nelson said. “It’s so apocalyptic that you have got to have something to look forward to.”
Following its public offering last Friday, Unity (NYSE: U) now has market cap over $24 B. The tech stock boom, which include mobile gaming, where Unity supplies the building blocks for developers, could not have come at a better time. Competitor Epic Games’ $18 B private financing probably puts its stock, if offered, at over $40 B.
The fog of the war has shrouded a confusing and unsettled Tik Tok sale. Tik Tok is not banned, for now, but another reckoning will come next week. Tik Tok’s lawsuit against the US government is still pending. The Chinese government can still block the deal. And the president* is demanding the parties fund a conservative American history curriculum for public schools from the deal’s proceeds. Which is probably not legal. Meanwhile, TikTok downloads are skyrocketing, although many Tik Tok stars have begun beefing up their presence on other platforms, just in