In Silicon Valley, Google has acquired billions of dollars of property that’s at risk for flooding as sea levels continue to rise. That’s raising questions about whether it’s safe to build at all. Source link

Google CEO Sundar Pichai Getty Images Alphabet reported Q2 2021 earnings after the bell. The stock rose more than 4% on the strong numbers, which crushed analyst expectations. Here are the results. Earnings per share (EPS): $27.26 vs $19.34 per share, according to Refinitiv estimates. Revenue: $61.88 billion vs $56.16 billion, according to Refinitiv estimates. YouTube advertising revenue: $7.00 billion vs $6.37 billion expected, according to StreetAccount estimates. Google Cloud revenue:… Source link

Enlarge / Google Cloud Platform, no longer perpetually under construction? Google’s reputation for aggressively killing products and services is hurting the company’s brand. Any new product launch from Google is no longer a reason for optimism; instead, the company is met with questions about when the product will be shut down. It’s a problem entirely of Google’s own making, and it’s yet another barrier that discourages customers from… Source link

Tesla (TSLA) beat analysts’ expectations when it reported earnings Monday afternoon, posting a profit of $1.1 billion and making a record-setting number of deliveries for the quarter. But one analyst told Yahoo Finance that the electric car company still has more room to grow next year. Deutsche Bank Lead Tech and Auto Technology Analyst Emmanuel Rosner noted that Tesla worked relentlessly to cut the costs of its vehicles and to offer cutting-edge battery technology.  “We truly think this is… Source link

According to the CDC, “the United States is once again seeing a rise in COVID-19 cases, hospitalizations, and deaths.” CDC data shows that as of July 22, 35% of counties across the country are experiencing “high levels” of transmission. “COVID-19 cases are on the rise in nearly 90% of U.S. jurisdictions, and we are seeing outbreaks in parts of the country that have low vaccination coverage,” the CDC noted. National Institutes of Health head Dr. Anthony Fauci expressed frustration… Source link

Democratic lawmakers continue to pressure President Biden to extend the student loan pandemic payment pause and enact student loan forgiveness. “Tick tock, tick tock — over 30 million Americans will have a bill coming due in about two months,” said Senator Elizabeth Warren (D-MA) during a press conference. “The payment pause is running out on student loan debt payments. The size of these payments for many borrowers is the size of their rent, their car payments, groceries, child care —… Source link

Intel CEO Pat Gelsinger may be locked and loaded on bulking up the chip powerhouse as it seeks to dethrone rivals Taiwan Semiconductor Manufacturing and Samsung in the business of making semiconductors for other tech giants. “It’s a big, expensive industry to play in. The R&D demands are extraordinary, the capital demands are extraordinary for it. So you can’t be a little player,” Gelsinger said on his appetite for M&A in the foundry business on Yahoo Finance Live.  Intel (INTC) committed… Source link

Federal Reserve Chairman Jerome Powell takes his seat to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly… Source link

* Apple, Microsoft and Google set to report results * GE rises on strong cash flow position * Chinese stocks extend declines * Indexes down: Dow 0.63%, S&P 1.00%, Nasdaq 2.07% (Updates comment, prices) By Ambar Warrick July 27 (Reuters) – U.S. stock indexes retreated from record highs on Tuesday, with the Nasdaq tumbling as much as 2.1% as caution kicked in ahead of earnings reports from some of the most valuable technology companies on Wall Street. Apple, Microsoft, Amazon and Google-parent… Source link

Following last fall’s debut of Google TV, the new user interface for Chromecast devices, Google is today giving its Google TV companion app for Android a makeover. The updated version of the mobile app for Google TV includes an updated user interface, expanded set recommendations, and more TV and movies to watch. The app in earlier days was known as “Google Play Movies & TV” (whew!) but rebranded to just “Google TV” alongside the changes that rolled out to Chromecast in… Source link