Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here are this morning’s headlines:
Tesla stock soars after promise of a profitable second half
Shares of Tesla soared roughly 9 percent at the start of trading Thursday after CEO Elon Musk and the automaker promised a profitable second half of 2018 during its second-quarter earnings report.
The stock opened at $328.44, after closing Wednesday at $300.84. It's a welcome stock bump for investors, who sent Tesla shares skidding more than 5 percent after the company's last earnings report in May and a bizarre call with analysts.
Tesla posted a greater-than-expected loss per share for the second quarter and revenue that just edged out Wall Street estimates.
But Musk lifted shares after hours with apologies for past bad behavior.
Google plans return to China with censored app
Google plans to launch a version of its search engine in China that will block some websites and search terms, according to a Reuters report.
The move could mark its return to a market it abandoned eight years ago on censorship concerns.
The plan, which was criticized by human rights advocates, comes as China has stepped up scrutiny of business dealings involving U.S. tech firms including Facebook, Apple and Qualcomm amid intensifying trade tensions between Beijing and Washington.
Google, which quit China’s search engine market in 2010, has been actively seeking ways to re-enter China where many of its products are blocked by regulators.
Apple becomes the first $1 trillion dollar company in history
Apple became the first $1 trillion company shortly before noon on Thursday, briefly crossing the lofty mark in a closely watched ascent that made stock market history.
“Apple’s $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018,” said David Kass, professor of finance at the University of Maryland. “That puts this company in perspective.”
Apple crossed the threshold in Thursday trading following a strong third-quarter report that showed earnings beat expectations and also showed increased revenue from the technology giant’s services and software businesses.
Wall Street loved it. Apple climbed nearly 9 percent since the earnings report.
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