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One year after Google revealed it now saw Google Stadia cloud gaming idea as a mere “technology platform for industry partners” rather than a true rival to Sony, Nintendo, and Microsoft, Business Insider is reporting that some Stadia gamers’ fears have come true: the entire Stadia project has been demoted within Google, and its new priority is to power experiences from companies including Peloton, Bungie, and Capcom rather than attracting more games to Stadia itself. In fact,… Source link

The big guns in the auto industry are coming for Tesla’s number one spot in electric vehicles, warns one long-time auto analyst. And they could succeed in the not too distant future. “We expect Tesla’s market share to drop from about 70% in EVs to about 20% in the next three years. They [Ford and General Motors] are gaining the bulk of the market share we expect Tesla to lose,” said Bank of America auto analyst John Murphy on Yahoo Finance Live. While Tesla recently capped off an impressive… Source link

U.S. payrolls recorded a stunning jump in January despite a record number of Americans calling in sick from work as the Omicron variant spread rapidly across the country at the start of the year. The Labor Department reported Friday that non-farm payrolls surged by 467,000 for the month, an upside surprise from what experts expected. Economists surveyed by Bloomberg forecasted payroll growth of 125,000, and the highest prediction was 250,000 jobs added. Other figures in this latest workforce… Source link

Feeling down that bitcoin prices are well off their all-time highs? Don’t be, says bitcoin bull and MicroStrategy CEO Michael Saylor. “My time horizon is a decade or more,” Saylor said on Yahoo Finance Live. And Saylor is putting his money where his mouth is on bitcoin. MicroStrategy disclosed this week it purchased 660 bitcoin for about $25 million between Dec. 30, 2021 and Jan. 31, 2022. The average price per coin tallied $37,865. The company now holds 125,051 bitcoins valued at about $4.8… Source link

Apple, Google in Congress’ crosshairs for app store practices | Fortune … Source link

We’ve grown up alongside them, marveled at their skill, their will and their brilliance. We’ve cheered their immeasurable accomplishments, from jointly setting up children’s charities, to each winning the heavyweight title multiple times, to both earning doctorate degrees to one becoming the mayor of Ukraine’s biggest city. Vitali and Wladimir Klitschko can’t be true. They have to be the product of an author’s fertile mind and vivid imagination. You don’t meet guys who are as… Source link

Google is the most powerful adtech company on the planet, and its financial results reflect that. Google parent company Alphabet massively outperformed in the last quarter, boosting revenue 32% to $75 billion and seeing a nice bump in its share price, in sharp contrast to its biggest competitor Facebook. Facebook missed earnings and was on the receiving end of an epic punishment by the stock market to the tune of $230 billion in shareholder value. But is Google competing fairly? Not… Source link

(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. Most Read from Bloomberg The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on… Source link

U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year. The Labor Department released its January jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December Average hourly earnings, month-over-month: 0.7%… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 4, 2022 Despite a Meta-drubbing, all might not be lost Unleash the Meta-phors. The big fourth quarter earnings miss by Facebook’s re-christened parent company (FB) Meta-stasized on Wall Street (sorry, I just couldn’t resist) — dragging all the major indexes lower in an unmitigated bloodbath The lackluster results gave the… Source link