Category: Business

Alphabet misses on earnings expectations, as revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following …

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Stocks and bonds rally as investors bet rates are close to peak levels

Investors piled into stocks and bonds on Thursday as they seized on signs that interest rates are close to peaking on both sides of the Atlantic. Stocks on Wall Street shot to their highest level since August, while government bonds in Europe staged their biggest one-day rally in years. In the US, the broad S&P …

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Investors expect a big quarter following GM’s results

Ford (F) earnings are set for release later today, a crucial report that follows blowout results from rival GM earlier this week. Investors will have a close eye on the company’s full-year profits, which it forecast to come in around $11.5 billion in its latest quarterly report, as well as updated commentary on pricing dynamics …

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US weekly jobless claims drop to nine-month low; productivity gains speed

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1,655 million Productivity accelerates at a 3.0% rate in the fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the …

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ECB and Bank of England hike interest rates again in fight with inflation

London CNN — Europe’s two largest central banks raised interest rates sharply on Thursday, opting for bigger increases than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England lifted rates by another half a percentage point. Benchmark interest rates for …

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Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision

(Bloomberg) — Meta Platforms Inc . is on track to post its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive. Most Read from Bloomberg Zuckerberg, who has spent the past year promising a faraway future …

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Meta after-hours stock price rockets after Zuckerberg call

Meta Platforms Inc.’s shares soared more than 20%, on track for their biggest gain in 10 years, after Chief Executive Officer Mark Zuckerberg announced plans to make the social media giant leaner, more efficient and more decisive. The stock rose in trading after New York markets closed on Wednesday. If the gains hold, the move …

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State Farm declares 105 Kia and Hyundai models ‘ineligible’ for new coverage in La.

State Farm insurance agents in Louisiana are no longer doing new business with owners of 105 blacklisted Kia and Hyundai models that are vulnerable to theft. NEW ORLEANS — Beginning January 25th, State Farm insurance agents in Louisiana are no longer doing new business with owners of 105 blacklisted Kia and Hyundai models that are …

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Tesla slashed its prices. We’re now seeing the consequences : NPR

A Tesla car is displayed at a showroom and service center for the auto maker in Amsterdam on Oct. 23, 2019. Tesla recently cut prices across the board, a move with big potential ramifications for the automaker as well as for the industry. John Thys/AFP via Getty Images hide caption toggle caption John Thys/AFP via …

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