Dow Jones futures fell after hours, along with S&P 500 futures and Nasdaq futures, as Microsoft guidance overrode better-than-feared earnings. ASML, Boeing and Tesla are on tap Wednesday. The stock market rally traded in a relatively narrow range Tuesday after big gains in the prior two sessions...
Continue ReadingSomewhere in Silicon Valley, a harried Google executive spent Tuesday morning Googling "what's a monopoly?" The US Department of Justice.....
Continue ReadingThe following are the top stories on the business pages of British newspapers. ** Most of the board of Capricorn Energy has resigned and a shareholder vote on its merger with Israel's NewMed has been pushed back by three weeks. ** Hakan Koç is to acquire Truphone in a pre-pack administration after Abramovich was hit by sanctions in the wake of Russia's invasion of Ukraine...
Continue ReadingThe U.S. Justice Department accused Alphabet Inc's Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley's most successful internet companies...
Continue Reading(Bloomberg) -- The US Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market.Most Read from BloombergUS Confronts China Over Companies’ Ties to Russia War EffortNYSE Investigates Technical Issue That Caused Wild Market OpenChina Slams US on Debt Limit and Accuses Washington of SabotageCitadel’s $16 Billion Win Tops Paulson’s Greatest Trade EverBliz...
Continue ReadingBig news could affect both businesses significantly, and both stocks contributed to a lower close for the Nasdaq...
Continue Reading(Bloomberg) -- Alphabet Inc. is illegally using return-to-office policies as a tool to try to derail YouTube contract workers from organizing in Texas, a union alleged in a National Labor Relations Board complaint.Most Read from BloombergUS Confronts China Over Companies’ Ties to Russia War EffortNYSE Investigates Technical Issue That Caused Wild Market OpenChina Slams US on Debt Limit and Accuses Washington of SabotageCitadel’s $16 Billion Win Tops Paulson’s Greatest Trade EverBlizzard Manager...
Continue ReadingShares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were moving lower today in response to a lawsuit from the Department of Justice and eight states, which are suing to break up what they see as Alphabet's online advertising monopoly. The Justice Department's lawsuit alleges that Google abuses its power in advertising auctions as a dominant broker and supplier in the digital advertising supply chain, harming both ad tech companies and publishers. The suit calls for Google to unwind its 2008 acquisition of DoubleClick, an ad-serving company, and to sell its ad exchange...
Continue ReadingFederal and state authorities say Big Tech company has used its huge market power to suppress competition...
Continue ReadingGoogle CEO Sundar Pichai defended his decision to trim the tech giant's workforce during a company-wide town hall meeeting...
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