This is an audio transcript of the FT News Briefing podcast episode: ‘A glimmer of hope for the global economy’Marc Filippino Good morning from the Financial Times. Today is Wednesday, July 26th, and this is your FT News Briefing...
Continue Reading7 tech stocks accounted for almost 75% of S&P 500's YTD gains, marking the technical start of a new bull market, even as investors raised concerns about narrow market breadth...
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Continue ReadingImage source: The Motley Fool. Alphabet (NASDAQ: GOOGL)Q2 2023 Earnings CallJul 25, 2023, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome, everyone...
Continue ReadingA strong performance by Google parent Alphabet’s digital advertisements business helped it exceed analysts’ expectations for quarterly earnings on Tuesday, sending the shares higher. The search and advertising giant reported revenues in the second quarter had climbed 7 per cent to $74.6bn, ahead of estimates for $72.8bn, according to Refinitiv. The results reflected signs of resilience in its digital advertising business, following a difficult year that resulted in significant lay-offs in January...
Continue ReadingThe company’s results mark its second straight positive quarter following an extended slowdown coming out of the pandemic...
Continue ReadingTopline grew +9% FXN. While Google Services revenue growth was flat in 1Qâ23, it was 5.5% YoY in 2Qâ23, with growth re-accelerating in every component of Google Services...
Continue Reading(Bloomberg) -- Billionaire Elon Musk’s grand vision is to turn Twitter into a one-stop shop for financial services. It’s hardly the first time a tech giant has sought to muscle in on Jamie Dimon’s turf.Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoWho Wants to Keep Hiking Rates and Wh...
Continue ReadingAlthough the revenue and EPS for Alphabet (GOOGL) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers...
Continue ReadingAlphabet stock is up 6% after the company reported Q2 earnings. After a lot of skepticism surrounding the company's ability to perform in the age of AI, that all seems to be over right now...
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