Alphabet Class A
JPMorgan hires scientist Charles Lim to help protect financial system from quantum-supremacy threat
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank’s global head for quantum communications and cryptography, according to a memo obtained by CNBC. Charles Lim, an assistant professor at the National University of Singapore, will […]
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Facebook lawsuit delivers on FTC chair Lina Khan’s progressive agenda
FTC Commissioner nominee Lina M. Khan testifies during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Graeme Jennings | AFP | Getty Images Federal Trade Commission Chair Lina Khan’s lofty vision of bringing challenging cases to expand the bounds of antitrust enforcement is no […]
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Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must […]
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Jim Cramer advises investors to take a case-by-case approach to stocks
CNBC’s Jim Cramer on Wednesday said that investors should judge stocks individually rather than on fears of a looming recession, after the Federal Reserve indicated it could start taking a softer approach to raising interest rates. “The Fed looks to be out of the way until the next meeting in September — maybe they’re ahead […]
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Meta lost $2.8 billion on its virtual reality ambitions during Q2
Mark Zuckerberg, CEO of Facebook, speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta lost $2.81 billion on $452 million in revenue from its virtual reality division, Reality Labs, during the quarter […]
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Meta reports earnings miss and forecasts second consecutive quarter of declining revenue
People take photos of the new “Meta” sign at the One Hacker Way in Menlo Park, as Facebook changes its company name to Meta in California, on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak […]
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Google delays cookie-cutting to 2024
LOS ANGELES, CALIFORNIA – JUNE 09: Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect […]
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Stocks making the biggest moves midday: Chipotle, Microsoft, Spotify, Alphabet and more
Signage is displayed outside a Chipotle Mexican Grill Inc. restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. Chipotle is scheduled to release earnings figures on July 22. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Chipotle Mexican Grill– Shares of Chipotle surged more […]
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Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced in
Well, that covers just about … everything. Microsoft earnings release cited a litany of issues: unfavorable foreign exchange, extended productions shutdown in China, a deteriorating PC market in June, reductions in advertising spending and scaling down Russian operations. It left out frogs, boils, locusts, lice and hail, so the press release does not quite rise to […]
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Alphabet is still a buy despite uncertain macro ahead, analysts say after earnings
Alphabet is still a buy, even as uncertainty mounts for the tech giant amid a tough macro environment, according to analysts. Google’s parent company on Tuesday delivered quarterly earnings and revenue that missed analyst expectations. However, the company’s report showed strong year-over-year search revenue growth, helping appease investors and analysts. The stock traded more than […]
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