Google parent Alphabet (GOOG, GOOGL) reported its fourth-quarter earnings on Thursday after the bell, falling short of expectations on revenue and earnings per share as ads fell year-over-year. Here are key figures from the report, compared to what Wall Street expected, as compiled by Bloomberg. Shares of Alphabet fell 4.2% immediately after the report. Google’s … Read more
After enduring emotional and often scathing public comment, state regulators on Thursday ordered utilities to immediately distribute funds to lower natural gas bills that have become prohibitive for many Californians this winter. The climate credits, generally issued in April, will reduce home heating costs by $43 to $56 for most Californians, depending on their natural … Read more
Based on information on Netflix’s support pages, a report published by The Streamable appeared to confirm details of how it will roll out password sharing features in the US and elsewhere. However, Netflix hasn’t yet announced the details of its plan or what it might look like when it rolls out more widely this year. … Read more
Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging to the brand. Instead, they could be a bigger problem for automakers trying to close the gap, she argued. “I think traditional automakers will struggle to keep up with the price drops that Tesla’s technology enables,” the founder of ARK … Read more
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more
The “Great Regret” is the latest workplace trend sweeping the country, with the majority of professionals quitting their jobs last year, according to a new survey. 2022 was another record year for layoffs, with 4.1 million workers leaving their jobs in December, bringing the grand total for the year to more than 50 million. About … Read more
Sundar Pichai, CEO of Alphabet Inc., speaks at the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, USA, on Thursday, June 9, 2022. Kyle Grillo | Bloomberg | Getty Images Google older Alphabet will report fourth-quarter results on Thursday after the close of regular trading. Here’s what … Read more
Ford CEO Jim Farley removes his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine will report its fourth-quarter results Thursday after the bell. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: … Read more
Eli Lilly (LLY) experienced a “bump in the road” for its latest diabetes treatment, Mounjaro, an analyst said Thursday as LLY’s shares tumbled. X Mounjaro’s revenue came in at $279.2 million, beating expectations for $288 million to $370 million, according to several analyst calls. Lilly’s slides indicate that Mounjaro is now covered for about 50% … Read more
Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more
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