Business

Alphabet misses on earnings expectations, as ad revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following …

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Dow Jones Dips, Nasdaq Flies; Meta Rockets Amid Mark Zuckerberg ‘Surprise’

The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta Platforms (META) rocketed as Mark Zuckerberg shared a surprise. apple (AAPL) popped ahead of earnings while Microsoft (MSFT) was a top blue chip. X New Leaderboard member US Global Jets (JETS) ETF climbed above a buy point. A trio …

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Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is making progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the …

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California utilities told to apply credits immediately to lower home heating bills

After enduring emotional and often scathing public comment, state regulators on Thursday ordered utilities to immediately distribute funds to lower natural gas bills that have become unaffordable for many Californians this winter. The Climate Credits, which are typically issued in April, will reduce home heating bills by $43 to $56 for most Californians based on …

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Netflix hasn’t confirmed its plans to stop password sharing just yet

Based on info Netflix’s support pages, a report published by Streamable appeared to confirm details about how it will roll out anti-password sharing features in the US and elsewhere. However, Netflix hasn’t announced the details of its plan yet or what it may look like when it rolls out more widely this year. Netflix spokesperson …

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Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen — a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know White a little better and find out his background and what drew him to the …

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Penn sports betting business posts fourth quarter profit

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | GettyImages Penn Entertainment On Thursday he became the first US gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher …

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