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U.S. stocks rallied Friday as investors parsed through a medley of corporate financial results and considered the possibility Federal Reserve officials may stop raising rates sooner than anticipated. In remarks at a meeting Friday, San Francisco Federal Reserve President Mary Daly said the U.S. central bank should avoid tipping the economy into an “unforced downturn” and that it was time to consider easing the pace of hikes. The S&P 500 (^GSPC) bounced 1.8%, while the Dow Jones Industrial… Source link

The Chevrolet Silverado EV pickup is now joined by its electrified twin in the General Motors (GM) family with the new GMC Sierra EV. The Sierra EV has the same chassis, powertrain, and Ultium batteries as the Silverado EV, but design-wise looks more like a traditional pickup, whereas the Silverado EV appears more like a lifestyle, adventure pickup. The traditional styling may appeal to a broader group of buyers, including those looking for work trucks. The high-trim model GMC unveiled last… Source link

American Express (AXP) CEO Stephen Squeri has a message for investors sending the stock lower on Friday following the company’s third-quarter earnings release: Read the release again. “We’re not seeing any changes in consumer spending,” Squeri told Yahoo Finance. “We have strong credit quality.” The CEO also addressed concerns about a business slowdown should a recession materialize. “If anything changes, we have plans in place to pivot,” Squeri added. “If I didn’t say that, you would think I… Source link

Google says the Indian competition regulator’s order is a “major setback for Indian consumers and businesses” and it is reviewing the decision to evaluate “next steps.” The Competition Commission of India fined Google $161.9 million on Thursday for anti-competitive practices related to Android mobile devices and ordered a number of redressal measures that could force Google to make fundamental changes to its business strategies. A Google spokesperson told… Source link

If your target audience speaks different languages, offering your website content in multiple languages would make sense to provide a better user experience. But does offering different languages on your website affect organic search rankings? Can the way you organize your localized pages affect organic search rankings? The Claim: Language As A Ranking Factor Your content should be in English if you want to reach English-speaking people. However, that same English content probably won’t… Source link

Amazon says over half a dozen hardware vendors have indicated that they cannot enter into a TV manufacturing relationship with the e-commerce group over fear of retaliation from Google, escalating tension with the search giant with whom it competes on several businesses. The revelation, officially shared by Amazon for the first time, was made by the company’s unit in India to the Competition Commission of India as part the antitrust watchdog’s years-long… Source link

The disappearing stock price for Snap continues after another challenging quarter. Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits were also lackluster as Snap continued to blame an advertising slowdown and Apple privacy changes for the execution missteps. Here’s a snapshot of Snap’s dismal numbers: Net Sales: $1.13 billion vs. $1.14 billion estimate Daily Active Users: 363 million… Source link

SEOUL, Oct 21 (Reuters) – South Korea’s parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix (NFLX.O) and Alphabet’s (GOOGL.O) Google pay South Korean network fees. The deliberations mirror attempts in Europe by some countries that want the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure, as video streaming and other data usage surges. Various versions of legislation… 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, Oct. 21, 2022 My word-find function has been going into overdrive this earnings season, looking for a few key phrases in earnings-call transcripts: “Foreign exchange.” “Currencies.” “Dollar.” Netflix (NFLX) Chief Financial Officer Spencer Neumann summed it up succinctly in his company’s conference call: “The FX drag is… Source link

Microsoft is in advanced talks for a new round of funding in OpenAI, as the software and tech giant further builds artificial intelligence (AI) into its products, according to several reports. In 2019, Microsoft backed the startup with $1 billion in capital that included credits to use Microsoft’s Azure cloud-computing services to … Source link