Tag Archives: soaring

[unable to retrieve full-text content] Google’s parent announces first-ever dividend, sending shares soaring: ‘Breath of fresh air’  New York Post It’s a sunny day for Google Cloud  TechCrunch Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend  ABC News Source link

Google’s water use in The Dalles has nearly tripled in the past five years, and the company’s data centers now consume more than a quarter of all the water used in the city. That’s according to records released this week after the city settled a lawsuit against The Oregonian/OregonLive and agreed to hand over data on Google’s water consumption. The company’s water use is poised to continue soaring in the years ahead, as Google has plans for two more data centers along the Columbia… Source link

Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth. The rapid growth helps explain why Google Cloud’s losses continue to widen even as its revenue grows rapidly. Google’s hardware unit and YouTube also each roughly doubled headcount between the first quarter of 2019 and this fall. And the number of employees working in marketing and finance roles across Google… Source link

Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to experts, it might still make sense for homeowners to refinance. Why? Rates, even at current levels, can still be a decent deal compared to alternatives. “People would still be refinancing if they need the cash, so they are withdrawing equity, even at much higher… 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, July 15, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The U.S. dollar (DX-Y.NYB) is on fire, reaching near-parity with the euro (EUR=X) for the first time in two decades. The yen (JPY=X) is down 20% versus the dollar over the last year — nearly unheard of… Source link

Everybody’s frustrated. If somebody could do something about it, it would be done. But oil and gasoline prices are on a tear that for the time being seems unstoppable. U.S. gasoline prices have hit $5 per gallon for the first time ever, and Moody’s Analytics thinks they could hit $5.50 within a couple of weeks. There’s no mystery why. A confluence of forces, led by Russia’s invasion of Ukraine, has crimped oil supply and bumped up demand. There’s more that could go wrong, adding a… Source link

Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more than 14% despite a miss on revenue expectations, as investors and analysts digested the company’s plans to scale back spending. On the surface, Meta’s report wasn’t all that great. It missed on revenue estimates, with analysts expecting the company to bring in $28.24 billion rather than the $27.9 billion it reported. But the company… Source link

Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday. Palm oil, the world’s most used vegetable oil, is used in cooking and a range of consumer products. Palm-oil and competing soybean-oil prices are jumping after news of the ban. The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most… Source link

The years-long hot housing market has shown signs of cooling off. Mortgage rates over a weeklong period earlier this month topped 4% for the first time in three years — and the rise will likely continue as the Federal Reserve pursues a series of interest rate hikes this year. But persistent inflation and rising interest rates shouldn’t scare off homebuyers, real estate guru and “Shark Tank” panelist Barbara Corcoran told Yahoo Finance. Instead, aspiring homeowners should jump into the market… Source link

With heavy customer demand for faster delivery, the air cargo market may face a dilemma as the threat of a Russian invasion of Ukraine fans geopolitical tensions, and puts new strains on an already stressed worldwide supply chain. An Eastern European conflict “won’t be good. Anytime you have geopolitical tension, it actually takes up a lot of demand for a lot of these air charters that exist,” Brian Bourke, chief growth officer at freight company Seko Logistics, told Yahoo Finance Live on… Source link