Hat tip to Goldman Sachs for taking a somewhat contrarian take on the longer-term outlook for inflation.  Whether it proves correct is anyone’s guess as headlines continue on price spikes for commodities and consumer goods. “We are boosting our sequential inflation assumptions for Q4 and early 2022. We now expect year-on-year core PCE inflation of 4.3% at year-end, 3.0% in June 2022, and 2.15% in December 2022 (vs. 4.25%, 2.7% and 2.0% previously). This slower resolution of supply constraints… Source link

The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China, August 8, 2018. Picture taken with a fisheye lens. REUTERS/Thomas Peter Oct 26 (Reuters) – Google owner Alphabet Inc (GOOGL.O) on Tuesday beat expectations for third-quarter revenue, a positive sign that its advertising business is overcoming new limits on tracking mobile users and sending its shares up slightly. Through its search engine, YouTube video service and partnerships across the Web, Google sells… Source link

Google has done it again — raking in more money than ever before for the second quarter in a row as the COVID-19 pandemic continues on. Alphabet’s Q3 2021 earnings show an all-time record revenue of $65.1 billion and record profits for the fifth quarter in a row at $18.9 billion. As we mentioned last quarter, the growth we’re seeing in 2021 is unusually large: a huge leap over 2020. Google’s revenue in Q3 2021: $65.1 billion2020: $46.2 billion2019: $40.5 billion2018: $33.7… Source link

Microsoft (MSFT) reported its fiscal Q1 2022 earnings after the closing bell on Tuesday, easily beating analysts’ expectations on the top and bottom line, with cloud revenue up 36% year-over-year. The stock was flat on the news. Here are the most important numbers from the report compared with what analysts were expecting, as compiled by Bloomberg. Revenue: $45.3 billion versus $43.93 billion expected Earnings per share: $2.71 versus $2.07 expected Intelligent Cloud: $16.98 versus $16.58 billion… Source link

Facebook (FB) shares took a hit Tuesday following news Monday that it’s seeing headwinds from Apple’s (AAPL) recent iOS privacy changes and waning interest among younger consumers. The news came after Facebook reported earnings that beat on profit but missed on revenue. While the company’s stock was down nearly 5% just before 2:30 p.m. Wednesday, MKM Partners analyst Rohit Kulkarni told Yahoo Finance Live that the social media giant’s earnings were actually better than feared. During… Source link

Season-long owners and daily fantasy players will be without some marquee names in Week 8, but it should be a walk in the park compared to weathering a barren Week 7 when 12 teams were off of the main slate. There’s a nice mix of high-priced studs, undervalued mid-priced assets, and lower-priced steals at our disposal for Yahoo DFS lineups this week. Our Week 8 Yahoo picks include a few star-studded names and some under-the-radar value. As always, we’re using… Source link

In this Tuesday, Oct. 5, 2021, photo, shows the exterior of a Google data center in The Dalles, Oregon. Andrew Selsky / AP The Dalles City Council voted Monday to approve tax breaks for Google, which plans to expand its footprint in the Columbia River Gorge. The city and Wasco County negotiated an agreement with the tech giant that will significantly reduce the amount of annual property taxes on up to two new data centers the company hopes to build in The Dalles. The deal would require Google… Source link

(Bloomberg) — The man behind a popular Twitter account that promoted penny stocks was criminally charged for touting securities while simultaneously dumping shares, the latest sign that authorities are setting their sites on the social-media frenzy that’s invaded U.S. equity markets. Most Read from Bloomberg Steven Gallagher, 50, was taken into custody in Ohio Tuesday for running a pump-and-dump scheme that netted him more than $1 million through the Twitter handle, @AlexDelarge6553,… Source link

Yahoo Finance: A&W Discusses How the Worker Shortage Continues To Wreak Havoc on U.S. Restaurants Please enable JavaScript to continue using this application. Source link

Stephen Shankland/CNET Google and IBM… Source link