(Bloomberg) — Russia will cut off the gas to Poland and Bulgaria on Wednesday in a major escalation in the standoff between Moscow and Europe over energy supplies and the war in Ukraine. Most Read from Bloomberg Moscow is making good on a threat to halt gas flows to countries that refuse President Vladimir Putin’s new demand to pay for the fuel in rubles. The European Union has rejected the move in principle but now payment deadlines are starting to fall due, governments across Europe need… Source link

Google’s parent company Alphabet (GOOG, GOOGL) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth’s YouTube business slowed sharply compared to last year. Shares of Alphabet dropped more than 4.5% in late trading following the results. Here were the main metrics from Alphabet’s report… Source link

As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen. “I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.” “Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances… Source link

One of the hottest housing markets in the Southeastern U.S. has been quietly thriving in the shadow of its brighter, louder, and more glamorous sister city Miami. Tampa, Florida, was rated 2022’s hottest housing market by Zillow (Z, ZG), beating out other Florida cities as well as other major metros like Phoenix and Austin, Texas. The city outranked other markets due to its number of potential buyers, scarcity of homes, home sales, and flourishing job market. Tampa’s home values are also… Source link

Text size Google on a tablet Dreamstime Google’s parent Alphabet is set to report… Source link

Just days after millions of Americans rushed to file their taxes, a new report has revealed just how adept many of the country’s biggest companies remain at avoiding taxes. Nineteen companies among the Fortune 100 paid a rate of less than 10% on their profits when it came to their 2021 federal income taxes. And four of those companies even managed a negative rate — meaning they will effectively enjoy a refund from the federal government, according to a new analysis from the left-leaning… Source link

(Bloomberg) — Tesla Inc. is on pace to wipe off over $100 billion from its valuation in a single session Tuesday with the stock down more than 11% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc. Most Read from Bloomberg The electric-vehicle maker’s market capitalization is already down nearly $250 billion since April 4, when Musk disclosed that he increased his Twitter stake. That’s a drop of roughly 23%. The dollar value of… Source link

Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending that has already been easing after pandemic-fueled highs. The company said first-quarter sales rose 23% from the year-ago period, the lowest rate for the tech giant since late 2020. The company at the time saw a period of massive sales growth, as small and large businesses… Source link

Google parent Alphabet Inc. GOOG -1.62% is expected to report strong sales growth despite global economic turmoil, propelled by digital advertising spending in its core search business. Rising inflation, supply chain disruptions, Russia’s war on Ukraine and other factors have weighed on the economic outlook and, analysts say, companies’ appetite to spend on ads. Snap… Source link

It’s official. Elon Musk is buying Twitter (TWTR) for $44 billion and will take the firm private at the close of the deal pending regulatory approval. And the move is raising a number of questions about Twitter’s future, including whether Musk will change its content moderation practices and reinstate banned users like former President Donald Trump (though Trump says he won’t return to Twitter). Fellow billionaire and Amazon founder Jeff Bezos has questions of his own — specifically,… Source link