For the next few months, there will be much earnest reporting from Washington, D.C., about “negotiations” on the debt-ceiling standoff. House Republicans, led by Speaker Kevin McCarthy, will demand government spending cuts as a condition of raising the debt ceiling and allowing more federal borrowing so the Treasury can keep paying the nation’s bills. President Biden and his fellow Democrats will insist on a “clean” debt-ceiling hike with no conditions. News headlines will… Source link

Carvana (CVNA) is up again as much as 33% on Thursday after gaining 111% over the previous five sessions. The used car platform’s shares are up 282% year-to-date. As the markets rallied in January, speculative growth shares have also taken off, with short sellers covering their positions in heavily shorted stocks like Carvana. CVNA’s short interest comprises around 65% of the float. The company, once a pandemic darling, laid off workers last year in an effort to cut costs and preserve cash…. Source link

Sundar Pichai, chief executive officer of Alphabet Inc., speaks during the CEO Summit of the Americas hosted by the US Chamber of Commerce in Los Angeles, California, US, on Thursday, June 9, 2022.  Kyle Grillot | Bloomberg | Getty Images Google parent Alphabet will report fourth-quarter earnings Thursday after the close of regular trading. Here’s what analysts are expecting: Earnings: $1.18 per share, according to Refinitiv estimates. Revenue: $76.53 billion, according to Refinitiv… Source link

[unable to retrieve full-text content] Alphabet misses on earnings and revenue as YouTube falls short  CNBC Google struggled to grow over the holidays despite “great momentum” on YouTube and Pixels  The Verge Google’s Pandemic-Spending Bonanza Hits a Wall  CNET Source link

And Australia — where regulators already followed their European counterparts in forcing social media companies to pay publishers whenever their content appeared on these platforms — officials are also mulling similar changes to create bespoke rules for tech giants after the country’s competition regulator admitted its current powers hadn’t kept pace with industry. “Google has leveraged its data and acquisitions to dominate the adtech market,” Rod Rims, the former head of… Source link

[unable to retrieve full-text content]Washington wants to break up Google. But Europe is way ahead.  POLITICO Source link

Athletes come in all shapes and sizes, but not everyone recognizes that, and Toronto Blue Jays pitcher Alek Manoah won’t stand for it. The Toronto Blue Jays hurler, a 2022 AL Cy Young Award finalist, was criticized over his body by MLB Network analyst and former player Anthony Recker Wednesday night. And on top of that, the 25-year-old was also left off the program’s top-10 2023 starting pitchers list despite his dominant 2022 campaign. Recker attacked Manoah’s 6-foot-6, 285-pound frame… Source link

A new mock draft from Charles McDonald of Yahoo Sports has the Green Bay Packers getting Ohio State wide receiver Jaxon Smith-Njigba at No. 15 overall in the first round of the 2023 draft. McDonald believes the Packers need more talent at wide receiver, and he also thinks Smith-Njigba could be the next Randall Cobb in Green Bay. Buy Packers Tickets Imagine a Packers passing game – regardless of who is playing quarterback – with Smith-Njigba, Christian Watson and Romeo Doubs as the… Source link

The NBA trade market continues to hum along quietly, with little chatter of substantive deals gaining actual development. There are frameworks being passed around front offices and role players being made available, but this transaction landscape ahead of the Feb. 9 buzzer is desperately lacking significant talent on the block, in the eyes of lead executives, particularly for teams that are searching to add a true All-Star into their respective builds. That is why someone like Zach LaVine,… Source link

MOUNTAIN VIEW, CALIFORNIA – JANUARY 31: A sign is posted in front of a building on the Google campus … [+] on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. (Photo by Justin Sullivan/Getty Images) Getty Images Alphabet GOOGL Inc. is scheduled to report earnings after today’s close. The stock hit a record split adjusted high of $151.55/share in 2022 and is currently trading near… Source link