400tmax Cost discipline is a must in a low-growth environment Alphabet Inc.’s (NASDAQ:GOOG, NASDAQ:GOOGL) (“Google”) revenue growth is slowing and profits aren’t improving. In Q3 2022, Alphabet’s total revenue grew 6% YoY while total expenses (COGS+OPEX) increased 18% YoY. Google Services, the most lucrative segment representing 100% of Google’s operating income, saw its EBIT margin contract from 40% in 3Q21 to 32% in 3Q22. Per activist investor TCI Fund Management’s recent letter to CEO… Source link

Qatar became the first World Cup host country to get eliminated after its first two games following a 3-1 loss to Senegal on Friday. It’s mathematically impossible for the 2022 World Cup hosts to be one of the top two teams in Group A and make it to the next round even though there’s still one more group stage to go. The Netherlands and Ecuador each won their first games of the tournament — Ecuador beat Qatar 2-0 — and tied 1-1 on Friday. They each have four points and Senegal has… Source link

Disney’s (DIS) Bob Iger will be inheriting quite a mess as he reassumes the CEO position at a company he led for 15 years. “Disney’s problems are more structural than they are related to who’s running the company,” Doug Cruetz, media analyst at Cowen, told Yahoo Finance Live. Cruetz listed several fundamental concerns, including a declining linear business, which has been tethered to an increasingly costly sports business at ESPN, in addition to a streaming unit bleeding money amid an… Source link

Soon it will be easier to buy gadgets that work with your smart home. Hispanolistic | E+ | Getty Images Imagine asking Apple’s Siri to turn off your Amazon Fire TV. Thanks to a new standard called Matter, soon most smart home devices from different brands will work together. Matter, backed by the biggest names in tech including Amazon, Apple, Google and Samsung, aims to solve a key pain point. Right now, if you want to control your lights or your thermostat or a smart plug, you need to make… Source link

Saturday’s single-game Yahoo slate features a matchup between Mexico and Argentina with the South Americans being heavy favorites in a pivotal match for both with only a point between them after the opening match day. For detailed stats and odds, check out the DFS Fantasy Soccer: Argentina vs. Mexico Cheat Sheet CASH GAME STRATEGY Do you want me to tell you to fade Lionel Messi ($32)? I don’t think I can do that. Messi takes penalties and the majority of corners for Argentina while having the… Source link

The Jayson Tatum-Jaylen Brown duo is one to watch on Friday as the Celtics host the Kings. The NBA returns Friday with a packed 14-game schedule. One of the more intriguing matchups will feature the Celtics hosting the surging Kings. A battle between two tough defensive teams will take place when the Cavs face off with the Bucks. The Bulls, who defeated the Celtics and Bucks in consecutive games, will continue their current road trip in OKC. The Warriors will also be in action at home… Source link

Early Friday morning, Binance CEO Changpeng Zhao said the company committed another $1 billion to its relief efforts aimed at helping troubled businesses in the crypto industry. Binance’s efforts have been accelerated in the wake of FTX’s collapse earlier this month, which resulted in the company, once valued at $32 billion, filing for bankruptcy protection and leaving the crypto industry frozen in its wake. Earlier this month, Binance walked away from a purported deal to buy FTX. Binance’s… Source link

Early Friday morning, Binance CEO Changpeng Zhao said the company committed another $1 billion to its “relief fund” aimed at helping troubled businesses in the crypto industry. Binance’s efforts have been accelerated in the wake of FTX’s collapse earlier this month, which resulted in the company, once valued at $32 billion, filing for bankruptcy protection and leaving the crypto industry frozen in its wake. Earlier this month, Binance walked away from a purported deal to buy FTX. Binance’s… Source link

Natalya Maisheva/iStock Editorial via Getty Images The parent firm of Russian technology company Yandex (NASDAQ:YNDX) said on Friday that it would look to restructure the group’s ownership and governance, citing the “current geopolitical environment” amid the country’s war with Ukraine. In a statement, Yandex N.V. (YNDX) said that a special committee had been tasked with exploring a wide range of potential scenarios, including developing international divisions of certain services, such… Source link

Yandex N.V. (NASDAQ: YNDX), often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to… Source link