Alphabet-owned Google’s YouTube and Google Play have suspended all payment services in Russia, including subscriptions, after Western sanctions began posing banking challenges in the country. Google will also temporarily stop ads from advertisers in Russia across its worldwide domains and networks. This comes on top of the company’s recent suspension …
Read More »Wall Street stocks waver as traders assess tech earnings
Google owner Alphabet tops analysts’ forecasts but PayPal issues disappointing guidance. Alphabet followed fellow tech groups to post forecast-beating quarterly results.Wall Street stocks wavered on Wednesday as traders balanced strong earnings from Alphabet with downbeat guidance from fellow tech group PayPal, and a report indicated that US labour market conditions …
Read More »Nasdaq Surges On Third Day Of Gains, Earnings
Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …
Read More »Wall Street Digest Earnings, Major Economic Data This Week
The latest trend in day-to-day stock market index trading looks to be the Nasdaq filling deep holes dug in the previous month while the Dow and S&P 500 basically tread water. Certainly, this is what’s happening this morning: The Dow is -3 points and the S&P 500 -2, while the …
Read More »Russia Fines Google For Not Removing Content Banned by Moscow
A Moscow court said on Monday it has fined Alphabet Inc’s Google 4 million Russian rubles ($52,526) for providing access to content banned in Russia, the latest in a string of fines for the US tech giant. Russia has stepped up its efforts to pressure big tech companies, imposing huge …
Read More »Google Was Fined $2.8 Billion
The General Court of the European Union has ruled that the European Commission was right about fining Google for its antitrust breach. The ruling comes after the European Commission, the EU’s executive arm, said in 2017 that Google favored its comparison shopping services and fined the company 2.42 billion euros …
Read More »Wall Street stocks sharply lower over U.S. Treasury yield gains
The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …
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