Business News Weekly – February 3, 2020

Dow Jones hit 29,000 1st time in history.

Sprint keeps losing customers as deal with T-Mobile is almost 2 years old, by being blocked by state agencies.

GM picks Detroit for electric – vehicle hub.

Apple post record sales in rebound. Apple stock beats the odds. The iPhone makers looked ready to tumble a year ago but the price skyrocketed instead.

Groceries exit from pharmacy business, as many are dropping the pharmacy business.

“Cable lost but streamers are not celebrating yet” − from an article in Bloomberg Magazine as cable subscribers continue to drop over time.

Amazon results sore past forecasts.

“5G has health- scare problem” − from an article Bloomberg Magazine. The next generation wireless technology has sparked fears in some European nations.

“Manufacturing Posts Its First Expansion in 6 Months” – from an article on Newsmax. U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.

A rebound in business investment is critical to keeping the longest economic expansion in history, now in its 11th year, on track amid signs of fatigue in consumer spending. The economy grew 2.3% in 2019, the slowest performance in three years, after expanding 2.9% in 2018. 

“WhatsApp no longer supported on millions of phones” – from an article on Fox Business. WhatsApp will no longer be supported on millions of older iPhones and Android devices starting Saturday, the Facebook-owned messaging app said in a blog post.

WhatsApp will be supported — or receive updates — on Android devices running operating system 4.0.3 or newer systems, iPhones running iOS 9 or newer and select phones running KaiOS 2.5.1 or newer, including JioPhone and JioPhone 2, the app said in its FAQ post.

“Because we no longer actively develop for these operating systems, some features might stop functioning at any time,” the post states.