Tag Archives: Profit

(Bloomberg) — Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. Most Read from Bloomberg A historic rout in the so-called FAANG cohort — Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc. and Google parent Alphabet Inc. — has delivered $19.8 billion in mark-to-market profits for investors speculating on declines as of June 30, according to data-analytics firm S3 Partners. “It was… Source link

U.S. stocks charged forward in the final hour of a turbulent session Tuesday as investors shook off a profit warning from Target that renewed concerns about the economic outlook and weighed on broader markets in earlier trading. The S&P 500 rose 0.8%, and the Dow Jones Industrial Average gained 200 points, or 0.6%. The tech-heavy Nasdaq advanced roughly 0.9%. The indexes climbed after struggling for direction for much of the trading day. Meanwhile, the 10-year U.S. Treasury benchmark… Source link

Google’s pandemic boom may finally be slowing. Google’s parent company, Alphabet, reported an 8 percent decline in quarterly profit on Tuesday, dragged down by slowing growth for advertising on YouTube and search as well as a decline in the value of its investments. The company posted a net profit of $16.44 billion for the first quarter, compared with a profit of $17.93 billion in the same period a year earlier — the first time the company’s quarterly profit had fallen from the prior… Source link

A Russian tech giant mostly owned by western investors is helping websites pushing false claims about the war in Ukraine to make thousands of dollars every day through digital advertising. Yandex is considered Russia’s equivalent to Google, running both a search engine and an extensive digital advertising business. Its deputy CEO, Tigran Khudaverdyan, resigned this month after the European Union imposed sanctions on him. The Bureau for Investigative Journalism has discovered… Source link

Russia’s Yandex eyes $6.5 billion annual revenue in 2022 after FY profit slip | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, Feb 15 (Reuters) – Russian internet giant Yandex (YNDX.O) on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects total group revenues to continue their upward trajectory this year to reach 490-500 billion roubles ($6.50-$6.63 billion). Yandex’s… 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

(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

In his annual letter to CEOs this year, BlackRock CEO Larry Fink urged other chief executives to harness the “power of capitalism” to influence society and serve as a catalyst for positive change. Progressive Congresswoman Alexandria Ocasio-Cortez, a democratic socialist, has a very different view on the nature of capitalism. In a new interview with Yahoo Finance taped on Jan. 27, Ocasio-Cortez suggested that people often have different definitions of terms like socialism or capitalism. “When… Source link

(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