Google Profits Surge on Strong Ad Demand
Google parent Alphabet Inc. said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers’ rapid shift to mobile devices. Alphabet said growth continued as companies bought more ads on its search engine and other products, while users increasingly clicked on those ads. Revenue, fueled by Google’s advertising business, rose 21% to $21.5 billion in the second quarter from a...>> view originalU.S. jobless claims increase; labor market still strong
People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York Thomson Reuters WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labor market strength. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 266,000 for the week ended July 23, the Labor De..>> view originalChina confirms legal status of ride-hailing industry
FILE - In this Friday, May 13, 2016 file photo, a mobile device shows the Didi Chuxing ride-hailing app at a shopping mall in Beijing, China. China's Cabinet issued a document Thursday, July 28, 2016, outlining guidelines for ride-hailing services and has told local governments to promote its booming ride-hailing industry, helping to confirm the legal status of Uber Technologies Ltd. and local competitors following run-ins with regulators. (AP Photo/Ng Han Guan, File) syndi..>> view originalHinkley Point: Surprise delay for nuclear plant deal
Media captionWhy do we need a new nuclear plant? Simon Jack explains Plans to build the first new UK nuclear plant in 20 years have suffered an unexpected delay after the government postponed a final decision until the early autumn.French firm EDF, which is financing most of the £18bn Hinkley Point project in Somerset, approved the funding at a board meeting.Contracts were to be signed on Friday.But Business Secretary Greg Clark has said the government will "consider carefully" before backi..>> view originalAmazon Posts Another Blockbuster Profit
Amazon.com Inc. on Thursday reported in its third consecutive record profit, nearly doubling its prior high-water mark, and its fifth straight quarter in the black. Amazon’s revenue jumped 31% including a 58% gain at its Amazon Web Services cloud computing unit. The company also more than doubled its operating margin, which historically has...>> view originalWhy Ford is talking like auto sales have peaked
Greg Gardner, Detroit Free Press 3:25 a.m. EDT July 29, 2016Chief Executive Officer of Ford Motor Company Mark Fields just unveiled earnings(Photo: Bryan Thomas)A $2-billion profit for three months is nothing to sneeze at, but Ford executives are sounding as if they had been debriefed by a coal miner's canary chirping about how it's feeling a little light-headed underground.Automakers are spending more on rebates and other discounts to lure buyers. More customers are defaulting on c..>> view original
Monday, August 1, 2016
Google Profits Surge on Strong Ad Demand and other top stories.
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