The Daily Beast Biden and Dems Play Good Cop-Bad Cop on COVID Relief Photo Illustration by The Daily Beast/GettyWith more than a trillion dollars in relief for the coronavirus pandemic hanging in the balance, nine Republican senators and one Democratic president entered the Oval Office on Monday evening having promised to hear each other out. But after nearly two hours of discussing the vast gap between their plans to fund the fight against the virus and the economic calamity it has wrought,… Source link

For more business and finance explainers, check out our Yahoo U page. Volatile price moves in beaten-down stocks like GameStop (GME) and AMC (AMC) are grabbing national attention and introducing a bevy of wonky trading terms into the popular lexicon. Discussions in Reddit forums, such as Wall Street Bets, are now dinner table fodder. And it all started last week with surging prices in a basket of stocks — a classic “short squeeze.” Supply and demand The modern stock market — an… Source link

Microsoft Corporation (MSFT) reportedly is positioning Bing to be the internet search engine of choice in Australia if Alphabet Inc. (GOOG, GOOGL) makes good on a threat to make Google unavailable in that country. The bone of contention is a proposed law that would force Google and Facebook, Inc. (FB), among others, to pay for content that these tech giants copy from Australian news sites. Australian Prime Minister Scott Morrison indicates that he has spoken to… Source link

Google Cloud is the latest company to put its tech muscle behind efforts to vaccinate millions of Americans against the COVID-19 virus. The company launched artificial intelligence and machine learning tools Monday to help organizations forecast and model COVID-19 cases to better inform vaccine allocation. The cloud-based tools also are designed to assist with vaccine distribution, appointment scheduling, eligibility screening and communications. The technology, called the Intelligent… Source link

AlphaOmega Advisors founder Peter Cecchini, the former chief market strategist at Cantor Fitzgerald, expects “the fantasy narrative” surrounding GameStop’s (GME) surge “reverts to reality” at some point. Cecchini, who points out that Gamestop’s “fundamentals under no circumstances justify the valuation,” believes that the retail traders who feel they’re up against the hedge funds are going to be the ones “left holding the bag.” “The only way the stock can go up in value is… Source link

Ford Motor Co. and Google on Monday said they have formed a six-year “strategic partnership” under which the automaker will introduce the Android operating system into millions of vehicles and use Google technology for everything from in-vehicle connected services to manufacturing processes. Ford will designate Google as its preferred cloud provider, allowing the Blue Oval “to leverage Google’s world-class expertise in data, artificial intelligence and machine learning,” the automaker said… Source link

Google and Ford are teaming up in an alliance meant to “reinvent” virtually every aspect of the car business, from the way vehicles are designed, engineered and assembled to the way customers shop and then experience their vehicles. Among other things, motorists will be able to download features they might not originally have purchased, as well as new safety and infotainment technology that wasn’t originally available, Ford and Google officials said during a Monday morning news… Source link

Key Takeaways Analysts estimate EPS of $15.50 vs. $15.35 in Q4 2019. Cloud revenue is expected to rise sharply amid the pandemic, but at a slower pace than Q4 2019. Revenue is expected to show healthy growth, but slightly slower than the same quarter a year earlier. Google parent Alphabet Inc. (GOOGL) has seen its stock rise at nearly double the market in the past year, seemingly unfazed by global disruptions due to the COVID-19 pandemic. This performance comes despite uneven earnings… Source link

Over the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and Microsoft. That’s finally starting to change. But investors might be overlooking one major problem: potential regulatory risk. Alphabet is trading near an all-time high, thanks to strong digital advertising and booming demand for its Google Cloud services. The stock has outperformed most of the other big techs during the past six months,… Source link

Ford Motor Co. plans to use Google’s Android operating system to power its vehicle display screens starting in 2023, the latest auto maker to tap Silicon Valley amid the accelerating digitization of the car business. The Dearborn, Mich.-based car company said Monday it has entered into a six-year agreement with the tech giant to embed Google’s suite of apps, including voice commands and navigation, in multimedia displays on all Ford models outside of China. … Source link