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The U.S. economy expanded at its slowest clip in over a year in the third quarter, with a reopening surge in activity quickly beginning to fade. The Bureau of Economic Analysis released its first estimate of third-quarter gross domestic product (GPD) on Wednesday. Here were the main metrics economists from the print, based on consensus estimates compiled by Bloomberg: GDP quarter-over-quarter, annualized: 2.0% vs. 2.6% expected, 6.7% in Q2 Personal consumption: 1.6% vs. 0.9% expected, 12.0% in… Source link

McDade is one of 1.5 billion people around the world who use Gmail, according to Google’s most recent public count. But, like him, not all of them are happy with it. The popular message board Reddit, for instance, has a 56,000-member “DeGoogling” community made up of people hunting for non-Google alternatives to the company’s email service, search engine and browser due to concerns over Google’s power and privacy practices, according to a welcome post on the forum. Others felt… Source link

Google on Thursday warned some customers that antitrust bills targeting the tech giant could jeopardize the services small businesses rely on. Why it matters: By turning to its customers, Google could drum up opposition from small businesses that may give lawmakers pause in advancing legislation. Driving the news: Google is emailing small and medium sized businesses that use its advertising, analytics and free business profile tools, to tell them antitrust bills in the House and Senate could… Source link

Australia could be next to mandate a choice screen in a bid to break Google’s dominance of the search market. The Australian Competition and Consumer Commission (ACCC) is recommending it is given the power to “mandate, develop and implement a mandatory choice screen to improve competition and consumer choice in the supply of search engine services in Australia”. A new report by the country’s competition watchdog concludes that interventions are needed to boost competition in the… Source link

A smartphone with a Google app icon is seen in front of a displayed Australian flag in this illustration, Jan. 22, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SYDNEY, Oct 28 (Reuters) – An Australian regulator said it wants to make Google install a “choice screen” on smartphones so users can pick another search engine if they want, a step toward challenging the Alphabet Inc unit’s dominance of the search market. The Australian Competition and Consumer Commission (ACCC) also wants to… Source link

The Pixel 6 Pro is Google’s reinvigorated attempt to beat Apple and Samsung’s best smartphones, with powerful new cameras, custom chips and a standout design. The new model is Google’s top phone for 2021 and costs £849 ($899/A$1,299), sitting above the standard Pixel 6 costing £599. From the front, the Pixel 6 Pro looks like a standard top-end phone with a large 6.7in OLED screen that’s really good-looking, crisp, bright and smooth, with a 120Hz refresh rate. There’s a small hole… Source link

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(Bloomberg) — Ford Motor Co., charging forward with big investments in electric vehicles, raised its full-year profit forecast and said it will restore its dividend, sending the stock soaring by as much as 9.5%. Most Read from Bloomberg The automaker on Wednesday lifted its 2021 profit forecast for the second time in as many quarters, and is now projecting $10.5 billion to $11.5 billion in earnings before interest and taxes. The reinstated quarterly dividend of 10 cents a share will be paid… Source link

Apple Inc.’s recent privacy crackdown has affected the largest players in online advertising very differently, recent quarterly results show, underscoring the strengths and weaknesses of each tech giant’s ad business. Alphabet Inc.’s Google, the world’s largest digital-ad company by revenue, tallied its highest sales growth in more than a decade in the third quarter, while Facebook Inc. and Snap Inc. came up short of expectations and blamed Apple’s privacy rules… Source link

Stock futures opened slightly higher Wednesday evening after a mixed day in the markets, with the major equity indexes pulling back from record levels. Traders looked ahead to more earnings and economic reports on Thursday.  Contracts on the S&P 500 ticked up. The blue-chip index dropped on Wednesday after posting two consecutive days of record closing highs. The Dow also declined, while the Nasdaq ended slightly higher.  Investors on Thursday are set to receive more earnings data, as well… Source link