Tag Archives: growth

Google Wallet is now available in South Africa, the first market for this product in Africa, to make it easy for users to save and easily and securely access their payment cards, loyalty cards and boarding passes. Google said that cardholders of partner banks in South Africa that include FirstRand Bank, Discovery Bank, Investec, Standard Bank, ABSA and Nedbank can now add their details on the wallet, and make contactless payments using their android phones and Wear… Source link

(Bloomberg) — Alphabet Inc.’s Google completed its third data center in Singapore, bringing its investment in such facilities in the city-state to $850 million as it vies with tech giants from Amazon.com Inc. to Meta Platforms Inc. for bigger clout in Asia. Since opening its first Singapore office in 2007 with 24 people, Google has grown its local staff to 3,000 and built infrastructure including subsea cables connecting the finance hub to the… Source link

Citi doesn’t like what it sees ahead of Zoom’s Aug. 22 earnings report. The investment bank’s tech analyst Tyler Radke slashed his rating on Zoom stock to Sell from Neutral on Tuesday, adding the stock is “high risk.” The analyst sees the video-conferencing outfit’s shares falling about 20% from current price levels. “Zoom’s post-COVID growth trajectory has always been more challenging, given pull-forward dynamics, but we see new hurdles to sustaining growth including rising competition… Source link

The roof of a Google fiber installation truck is pictured Salt Lake City, Utah, U.S., September 28, 2017. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Google Fiber plans to bring its high-speed internet service to multiple cities in Arizona, Colorado, Idaho, Nebraska and Nevada over the next several years in its first big expansion since it spun out as an independent Alphabet Inc (GOOGL.O) unit in 2015. In his first media interview… Source link

Warner Bros. Discovery (WBD) continued to plummet on Thursday, dropping 16% in midday trading after the company reported a $3.42 billion loss in the second quarter, partly due to obstacles related to its recent merger. “We knew it was going to be messy, but this was pretty awful,” Geetha Ranganathan, Bloomberg Intelligence senior media analyst, told Yahoo Finance. The company expects 2022 adjusted EBITDA to come in between $9 billion and $9.5 billion, a decline from previous forecasts of $10… Source link

All the hand-wringing this week over whether or not the U.S. economy has fallen into recession lacked an important consideration: What if the measure of GDP we’re all focused on is itself massively flawed? It’s a heretical question, because there’s a ‘GDP complex’ at work here. There’s an entire apparatus — economists, bankers, government officials, and prognosticators — of folks whose livelihoods are predicated on measuring GDP, maintained as the be-all and end-all method for… Source link

(Bloomberg) — Microsoft Corp. gave an upbeat sales forecast for the fiscal year that just began, easing investor concerns about growth that had flared up following a lackluster fourth-quarter earnings report. Shares jumped more than 5% in late trading, reversing earlier declines. Most Read from Bloomberg On a conference call Tuesday, the software giant said it expects revenue and operating income to increase at a double-digit pace for fiscal 2023, which ends next June. Currency fluctuations… Source link

In his role overseeing Google’s startup support arm in Asia-Pacific, Mike Kim sees promising growth opportunities for AI startups in the region, thanks to government support for the increasingly important technology, a deep talent pool and in-a-hurry population, among other factors. The impatience of Asia’s Millennials and Gen Zers is one of many reasons why Mike Kim, the head of Google for Startups Asia-Pacific, sees strong growth potential for artificial intelligence startups in the… Source link

Food delivery giant DoorDash is doubling down on its global ambitions, even as the delivery space faces steep declines from its pandemic highs. In an interview with Yahoo Finance at the Collision Conference, Co-Founder and CTO Andy Fang explained what the company’s recent $3.5 billion acquisition of Finnish delivery company Wolt meant for them down the road. “With the partnership with Wolt, I think we’re going to be able to fast forward those ambitions,” Fang said, adding: “People ask us,… Source link

US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth. The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure. Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112… Source link