Tag: NASDAQ:GOOG
-
Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the modest pullback seen on Monday. Traders may continue to cash in on recent strength in the markets, which lifted the S&P 500 and the Nasdaq to record closing highs last Friday. Uncertainty…
-
U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction following the modest pullback seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street following last week’s advance by the…
-
America vs. Google: A Historic Trial for Monopolistic Practices in Online Searches
A historic trial begins today (12) in which the U.S. government accuses Google (NASDAQ:GOOG) of monopolistic practices in its search system. The United States will argue on Tuesday that Google did not play by the rules in its efforts to dominate online searches, as a trial seen as a battle for the soul of the…
-
GM And Alphabet Partner To Integrate Google AI Into Vehicles
General Motors (NYSE:GM) and Alphabet (NASDAQ:GOOG) announced an agreement to bring Google Cloud’s conversational artificial intelligence (AI) technology to the US automaker’s vehicles and explore future uses of the technology. According to GM, OnStar Interactive Virtual Assistant has already used Google technology since its launch in 2022. The assistant can answer basic questions and show…
-
Apple remains the world’s most valuable brand, valued at $880.4 billion
The ranking of the most valuable brands in the world was updated and showed that Apple continues to lead the list, valued at US$ 880.4 billion. Just behind Steve Jobs’ brand are Google, valued at US$ 577.7 billion, and Microsoft, with US$ 501.8 billion, according to Kantar BrandZ and disclosed in recent days. However, despite…
-
Tencent’s Revenue Rises, IBM and Google Invest in Quantum, Deutsche Bank to Reduce Office Space
Tencent’s Revenue Rises Tencent (HKF:0700), the Chinese tech giant, experienced accelerated revenues in the first quarter as the country’s economy rebounded after the end of its zero-Covid policy. In the three months leading up to March, the social media and gaming group reported an 11% rise in revenue, reaching Rmb150bn ($21bn) compared to the same…
-
SpaceX Starship Launch Fails, BuzzFeed Shuts Down News, BHP Lowers Production Outlook
Disappointing Earnings Reports Decline Stocks US and European stocks declined on Thursday after several disappointing first-quarter earnings reports. The S&P 500 index (SPI:SP500) fell by 0.6%, while the Nasdaq Composite (NASDAQI:NDX) dropped by 0.8%. Shares in Tesla (NASDAQ:TSLA) fell nearly 10% after the company reported that price cuts had further lowered its profit margin. AT&T…
-
Renault Warns Against Reducing EV Prices, Bed Bath & Beyond Prepares for Bankruptcy
Mixed Earnings Affect Stocks European stocks showed a slight decrease while US equity futures declined as investors analyzed mixed corporate earnings and reviewed the most recent assessment of the US economy for hints about the path for interest rates. The Stoxx Europe 600 (STOXX:SSXP) saw a boost in banking stocks, but autos experienced a decline,…
-
Boeing Halts Deliveries, Gold Prices Soar, Teck Rejects Merger
US Stocks Rise US stocks rose on Thursday after lower-than-expected inflation data increased hopes of a possible slowdown in the Federal Reserve’s tightening cycle. The S&P 500 (SPI:SP500) and Nasdaq (NASDAQI:NDX) both saw gains of 1.3% and 1.9% respectively. In Europe, stocks also edged higher on Friday, with the Stoxx 600 (STOXX:SSXP) up 0.2%, set…
-
LSE to Clear Crypto Derivatives, Tesco Struggles with Inflation Impact, Delta Air Lines Reports Q1 Loss
US Equities Rise on Soft Inflation Data US equities traded higher on Thursday as the latest readings on jobs and factory-gate inflation came in slightly softer than expected, which provided a boost to those hoping for a potential end to the era of aggressive interest rate hikes by the Federal Reserve. The S&P 500 (SPI:SP500)…