Google parent Alphabet Inc. rang up record profits for a third straight quarter during the pandemic, catapulting shares 5% to a 52-week high in after-hours trading Tuesday. The search-engine behemoth  GOOGL, -0.82% GOOG, -0.84% reported net income of $17.93 billion, or $26.29 a share in its fiscal first quarter, compared with net income of $6.84 billion, or $9.87 a share, in the year-ago quarter. Revenue after… Source link

Google’s parent company, Alphabet, said on Tuesday that revenue in its most recent quarter increased sharply from the same period a year ago, boosted by strong demand for online advertising on its search results and YouTube videos and by continued growth at its cloud computing arm. Alphabet posted revenue of $55.31 billion, up 34 percent from a year earlier, and net profit more than doubled to $17.93 billion in the first quarter. It was the third straight quarter of record profit for the… Source link

Google’s results, showing a surge in ad sales related to travel and retail, offered a glimpse of online spending in a post-pandemic world: Businesses are boosting digital marketing to capture a public eager to resume something resembling normal life again. Google parent Alphabet Inc. said first-quarter revenue, excluding payments to distribution partners, came in at $45.6 billion, pummeling Wall Street estimates. The company also unveiled a big new share buyback, sending the stock up as… Source link

Benzinga Tech Time: Microsoft, Advanced Micro Devices, Alphabet Reporting After Close Today Ready or not, it’s time for all of us to put our Fed hats on. Again. It’s only been six weeks since the last Federal Open Market Committee (FOMC) meeting, but they’re gathering again today. The usual press conference featuring Fed Chairman Jerome Powell comes right after the meeting ends at 2 p.m. ET tomorrow, and analysts don’t expect any change in policy. Trading might be a little slow ahead… Source link

Sens. Amy Klobuchar, D-Minn., and Mike Lee, R-Utah, are seen during a Senate Judiciary Committee hearing in Dirksen Building titled “5G: National Security Concerns, Intellectual Property Issues, and the Impact on Competition and Innovation,” on Tuesday, May 14, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images The two top senators on the Senate Judiciary subcommittee on antitrust sent a letter to Google Tuesday asking about an alleged call to Tinder-maker Match Group the day before its… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 60%, Says Goldman Sachs The S&P 500 is showing a 6-month gain of 24%. Stocks generally have been gainers as the coronavirus crisis recedes, economies reopen, and the Federal Reserve remains committed to low-rate regime. In this environment, it’s no wonder that many companies are considering going public through an IPO. The high-return environment we’re experiencing right now makes the IPO attractive as a way to not just raise capital… Source link

Russell Westbrook has been on an absolute tear. He’s more than rallied after a slow start to the season, and broke a longstanding NBA record in the Washington Wizards‘ 146-143 loss to the San Antonio Spurs: Wilt Chamberlain’s record for triple-doubles in a single month, which has stood since 1968.  Chamberlain set the record with 11, but now Westbrook has 12. The Wizards have two more games scheduled in April, so that number could keep climbing.  Westbrook isn’t feeling the love, though. He… Source link

The Cleveland Cavaliers are addressing the Kevin Love incident internally as the forward apologized to his team after Monday night’s loss to the Toronto Raptors, league sources told Yahoo Sports. Love could be fined by the Cavaliers for swatting the basketball inadvertently inbounds out of frustration towards an official, resulting in a turnover and leading to a three-pointer by the Raptors. Love’s intent wasn’t to slap the ball inbounds, sources said. Love was frustrated with officials… Source link

(Bloomberg) — U.S. equities slipped from all-time highs as technology shares faltered ahead of a batch of earnings reports from industry heavyweights. The S&P 500 fell for the first time in three sessions, with Tesla Inc. and Alphabet Inc. the biggest contributors to the decline. The tech-heavy Nasdaq 100 fell the most among the major U.S. indexes. 3M Co. weighed down the Dow Jones Industrial Average after it warned that rising costs for raw materials and transportation is a worsening… Source link

As April comes to a close, some fantasy managers will start to reach panic mode with their struggling players. This is a great time to acquire those who are in a slump, especially pitchers whose numbers may have been skewed by one bad start. You will find plenty of mid-level hurlers in this space, and my advice is to acquire them before their next outing. Players to acquire Fantasy managers will initially believe that 2021 is more of the same for Heaney, who last produced an ERA under 4.00 in… Source link