Alphabet S Profit Falls 34 Amid Ads Slowdown
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Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook
While the U.S. ad market in 2023 was ‘relatively resilient,’ the outlook for 2024 looks stronger, according to Magna.The Wall Street Journal - World -
UK MPs to be given warnings on threat of Chinese cyber attacks
Reprisals expected just as company from China eyes investment in Midlands battery gigafactoryFinancial Times - Business - United Kingdom -
What is the preventive cancer treatment Princess Catherine is receiving?
Chemotherapy can target microscopic cells to prevent the disease from spreadingFinancial Times - Business -
B&Q owner Kingfisher forecasts profits to fall this year
London-listed group strikes cautious note on DIY marketFinancial Times - Business -
Sinopec’s profit fell in 2023 amid oil market volatility
The company said it expects international oil prices to “fluctuate at medium to high levels” in 2024.MarketWatch - Business -
NFL mock draft: Trades galore as one of the best QB prospects slides outside the top 10
Charles McDonald and Nate Tice's latest mock draft has five quarterbacks off the board in the top 13, a big-time weapon for Aaron Rodgers and some steals in the second half of the first round.Yahoo Sports - Sports - NFL -
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.
U.S. stocks rose, with the S&P 500 adding 0.9% to close at a record and the Dow and Nasdaq gaining 1.2% and 0.5%, respectively.The Wall Street Journal - World -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
4 people die on Spain's coastlines after falling into sea during high winds
Emergency services in Spain say four people have died in three separate incidents on Spain’s Atlantic and Mediterranean coastlines after falling into the seaABC News - Top stories -
Four people die in Spain in separate incidents after falling into sea along coast amid high winds
Yahoo News - World -
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.
U.S. stocks retreated for a second straight session, with the S&P 500 and Nasdaq both losing 0.3% and the Dow industrials falling 0.4%.The Wall Street Journal - World -
No slowdown in spending among the wealthy on this Bahamian island
CNBC's Bob Pisani checks in from his vacation with a read on the global economy.CNBC - Business -
Dealmaking slowdown leaves private equity with record unsold assets
Bain report reveals how rapidly industry has grown as well as challenges created by higher interest ratesFinancial Times - Business -
Corporate profits soar
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Corporate profits, economic growth skyrocket During the final quarter of 2023, gross domestic product (GDP) and corporate ...The Hill - Politics -
Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year
Japan PE deal value surged 183% in 2023 from a year earlier, making it the largest private equity market in Asia Pacific for the first time.CNBC - Business -
China Industrial Profits Return to Growth
China’s industrial profits returned to growth at the start of the year, adding to signs that the world’s second-largest economy is on stronger footing.The Wall Street Journal - World - China -
Cola Boyy, Oxnard's funk innovator and disabled activist, dies at 34
Matthew Urango, the Oxnard-raised singer, multi-instrumentalist and activist who performed as Cola Boyy, has died. He was 34.Los Angeles Times - Entertainment -
Yen Hits 34-Year Low as Hopes for BOJ Rate Increases Fade
The yen was partly undermined by comments from a Bank of Japan board member that the central bank would cautiously unwind its easy monetary policy.The Wall Street Journal - World -
Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.The New York Times - Tech -
Japan's yen hits 34-year-low, heating talk of intervention
The Japanese yen on Wednesday hit its weakest level since 1990, fueling debates about whether policymakers will intervene to prop up the currency.CNBC - Business - Japan -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Video: Why Consumer Confidence Is Falling
The WSJ’s Dion Rabouin breaks down the latest conference board data and what consumers are saying about the economy.The Wall Street Journal - World -
Minnesota Timberwolves Sale Takes Dramatic Turn
A group led by entrepreneur Marc Lore and retired ballplayer Alex Rodriguez had been in line to buy the NBA franchise. Then the current owner spiked the deal.The Wall Street Journal - World -
St. Bonaventure AD resigns after spurning NIT
St. Bonaventure athletic director Joe Manhertz resigned abruptly after opting to keep the school's men's basketball program out of the NIT without initially informing its players and fans.ESPN - Sports -
Kentucky AD confirms Calipari to return as coach
Despite another early exit from the NCAA tournament, Kentucky coach John Calipari will return for a 16th season, athletic director Mitch Barnhart said Tuesday.ESPN - Sports -
Antiabortion Disinformation Ads Ran Rampant on Facebook and Instagram
Hundreds of antiabortion ads on Meta’s platforms have been disseminated all over the world, new research finds.Wired - Tech - Facebook -
Irish AD: Independence 'more valuable than ever'
Notre Dame atheltic director Pete Bevacqua told ESPN on Thursday that his school's independent status in football is "more valuable than ever."ESPN - Sports -
China’s answer to Instagram makes first profit
Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last yearFinancial Times - World - China -
Kingfisher Warns on Profit, Weak Demand Outlook
Kingfisher said it expected profits to fall this year, flagging weaker consumer demand, and that it would streamline its French business.The Wall Street Journal - World -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - World -
PetroChina Posts Record Profit, but Revenue Misses Estimates
Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.The Wall Street Journal - Business -
Kingfisher Warns on Profit, Weak Demand Outlook
Kingfisher said it expected profits to fall this year, flagging weaker consumer demand, and that it would streamline its French business.The Wall Street Journal - Business -
U.S. Regulators Urge Congress to Look Into Grocery Profits
Antitrust concerns among the biggest chains date back to pandemic-era supply chain issues.Inc. - Business -
BYD: Chinese electric vehicle giant with surging profits
Yahoo News - World -
BYD misses profit forecasts as Huawei challenge emerges
Warren Buffett-backed company loses some market share to sanctions-hit Chinese telecoms groupFinancial Times - World -
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
The Atlantic tops 1 million subscribers and is profitable
The Atlantic has topped 1 million subscribers and is profitable, the company announced this week. Overall revenue for the company is up more than 10 percent year over year, while advertising booked year-to-date is also up 33 percent from 2023, it ...The Hill - Politics -
Tourism help plea to avoid planet or profit choice
One business owner claims more support is needed for businesses looking to become greener.BBC News - Top stories -
EU probes Apple, Meta and Alphabet under landmark new law
Big Tech groups are the first to face full investigations under bloc’s Digital Markets ActFinancial Times - Business - European Union -
E.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations
The inquiries signal the bloc’s intention to tightly enforce sweeping new competition rules that took effect this month.The New York Times - Business - Apple