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The Latest Breaking News from Alphabet

British American Tobacco fined $635 million for violating sanctions on North Korea

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and…

France 24

Google Cloud has finally made a profit for the first time

The world's third-largest cloud provider is finally turning a profit after years of hopeful Google investments.

TechRadar

Google, Microsoft Top Expectations as AI Rivalry Heats Up

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown…

Asharq Al-Awsat

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YouTube Ad Revenue Down for a Third Straight Quarter, Off 2.6% in Q1

Platform still slightly beat equity analysts’ expectations

Broadcasting & Cable

Alphabet revenue unexpectedly rises in first quarter amid industry slowdown

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

The Guardian - US

Alphabet reports $69.8B in revenue amid mass layoffs and increased AI focus

Alphabet reported its Q1 2023 financial earnings on Tuesday. The company made over $69 billion in revenue following its mass layoffs.

Android Central

Google Earnings Beat, Tech Giant Forecasts Higher Capital Spending Amid AI Push

Google stock dipped after Alphabet reported first-quarter results that topped estimates amid one-time expenses tied to cost-cutting.

Investors Business Daily

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Dow Jones Dives But Google, Microsoft Earnings Beat; First Republic Craters

The Dow Jones fell. Google and Microsoft earnings beat Wall Street views. First Republic Bank stock was hammered.

Investors Business Daily

Veteran market watcher says Big Tech’s rebound has ‘run its course’—but the overall stock market could still rise to a near record high this year

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

Fortune

Tesla Stock, 6 Other Tech Titans Are Responsible For 86% Of S&P 500's 2023 Performance

Tesla stock, along with six other Big Techs, account for 86% of the S&P 500's 2023 performance. Meta surged on strong earnings.

Investors Business Daily

Meta Platforms Needs Fresh Impetus to Extend Rally

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...

Barchart

Dow Jones Losses Deepen In Afternoon Trading As Google, Microsoft Earnings Loom

Ark Invest founder Cathie Wood sees the stock hitting $2,000 by 2027 on growth from robotaxis.

Investors Business Daily

Epic's antitrust case against Apple looks dead in the water

The latest ruling by an appeals court may well seal the deal.

PC Gamer

Dow Jones Falls On Banking Fears As First Republic Crashes 30%; Google, Microsoft Earnings Next

The Dow Jones dropped Tuesday amid a wave of Q1 earnings reports. First Republic crashed, while Google and Microsoft earnings are next.

Investors Business Daily

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Investors Business Daily

Dow Jones Futures: First Republic Bank Crashes 20% On 'Unprecedented' Deposit Flight

Dow Jones stock futures: Amazon, Google, Meta and Microsoft are set to report earnings this week. First Republic Bank dived on earnings.

TechRadar

Google creates DeepMind division to combat threat from ChatGPT and Bing AI

Google's new DeepMind division is another exciting step in AI's evolution.

Investors Business Daily

Dow Jones Rises Ahead Of Big Earnings Week; Super Micro Plunges On Revenue Warning

The Dow Jones rose Monday ahead of a key week of earnings that include Alphabet and Amazon. Super Micro plunged on a revenue warning.

Barchart

Shorting Google Puts Is Very Popular Ahead of Its Earnings This Week

Put option premiums for Alphabet stock are high ahead of its earnings release due out on April 25. This is attracting short sellers to out-of-the-money put trades for profitable income plays.

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Barchart

ChatGPT Challenges Google’s Search Engine Dominance

Alphabet’s (GOOGL ) stock price this week has been under pressure and fell to a 2-1/2 week low Wednesday on concern Google may lose its dominance as the leader in online searches. On Sunday, the New York Times reported that Samsung Electronics was considering replacing Alphabet’s Google with Microsoft’s (MSFT...

Android Central

Google to accelerate AI efforts with newly combined team

Google's DeepMind and Brain teams have combined into a single group to help accelerate the company's AI efforts.

Barchart

Big Tech’s Race to Rule Healthcare

Big tech companies, such as Microsoft, Apple, Alphabet, and Amazon, are working to transform the healthcare industry in a variety of ways.

Birmingham Post

Manchester craft ale brewer Alphabet Brewing Company goes into administration with warning the industry faces tough challenges

Joint administrator warns 'I’m certain more breweries face the same challenges as Alphabet'

Laptop

Samsung may drop Google for Bing — 3 features that could win Android fans over

Three interesting Bing features Samsung owners might appreciate if the Korean manufacturer ditches Google as its default.

Barchart

Stocks Close Mildly Higher on Q1 Earnings Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.33%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. Stock indexes Monday posted moderate gains. An increase in...

Investors Business Daily

Dow Jones Gains As Schwab Boosts Banks; Elon Musk Is 'Looking Into' This Tesla Problem

The Dow Jones gained. Roblex stock was hammered on new data. Elon Musk is 'looking into' a Tesla China issue. Google stock fell.

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