Business

Alphabet misses on earnings expectations, as ad revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following …

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Dow Jones Dips, Nasdaq Flies; Meta Rockets Amid Mark Zuckerberg ‘Surprise’

The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta Platforms (META) rocketed as Mark Zuckerberg shared a surprise. Apple (AAPL) popped ahead of earnings while Microsoft (MSFT) was a top blue chip. X New Leaderboard member US Global Jets (JETS) ETF climbed above a buy point. A trio …

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Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is made progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the …

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California utilities told to apply credits immediately to lower home heating bills

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 unaffordable for many Californians this winter. The Climate Credits, which are typically issued in April, will reduce home heating bills by $43 to $56 for most Californians based on …

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Salesforce confirms more workers are officially laid off

Salesforce, San Francisco’s largest private employer, laid off thousands of employees early Thursday morning as the tech giant moves forward in its plan to cut its workforce by 10%. The corporate software company blamed the layoff rounds, originally announced on Jan. 4, on overhiring during the pandemic. In a two-hour meeting the following day, CEO …

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Netflix hasn’t confirmed its plans to stop password sharing just yet

Based on info Netflix’s support pages, a report published by The Streamable appeared to confirm details about how it will roll out anti-password sharing features in the US and elsewhere. However, Netflix hasn’t announced the details of its plan yet or what it may look like when it rolls out more widely this year. Netflix …

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Cash-strapped Twitter to start charging developers for API access next week

In the middle of the night, Twitter made an announcement that disappointed a wide range of developers whose research, bots, and apps depend on free access to the platform’s API to function. Twitter announced in a tweet that starting on February 9, Twitter “will no longer support free access to the Twitter API.” Instead, many …

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Rival EV makers will ‘have trouble keeping up’

Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging the brand. Instead, they may be more of a problem for automakers trying to close the gap, she contended. “I think traditional auto manufacturers are going to have trouble keeping up with the price declines that Tesla’s technology is enabling,” …

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Bed Bath and Beyond is closing 87 more stores, including 1 in Utah

Bed Bath & Beyond announced Wednesday it is closing 87 more stores nationwide, including one in Utah. (Andrew Kelly, Reuters) Estimated read time: 6-7 minutes NEW YORK — Bed Bath and Beyond is closing another 87 stores, including one in Utah, as the struggling retailer barrels toward bankruptcy. These closures are in addition to the …

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