Google suffered ‘pullback’ in ad spending over holidays, Alphabet stock falls after earnings

Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, or … Read more

Align Tech’s stock surges 30% to lead S&P 500 as Invisalign sales resume growth

Align Technology Inc. shares rallied Thursday, making one of the worst stocks of 2022 among the best of 2023 so far. Align ALGN, +25.37% surged as much as 30% to an intraday high of $368.87, making it the best-performing stock on both the S&P 500 SPX, +0.98% and the Nasdaq 100 NDX, +2.84% Thursday, with … Read more

McConnell ousts Senate Republicans Rick Scott and Mike Lee from Commerce Committee. Both opposed McConnell’s continued leadership.

Rick Scott listens to a question at a January news conference at the U.S. Capitol. Anna Moneymaker/Getty Images Senate Minority Leader Mitch McConnell booted two Republican lawmakers from a powerful Senate committee on Wednesday after an unsuccessful attempt last year to oust him from his longtime leadership position.  Senate Republicans Rick Scott of Florida and Mike … Read more

Alphabet earnings: What to expect from the Google parent company

Alphabet Inc. investors are probably breathing a little easier ahead of the company’s Thursday afternoon earnings report, all thanks to Facebook. There was some anxiety about the state of digital advertising heading into this earnings season, and Snap Inc. SNAP, -10.29% didn’t help matters by delivering a gloomy forecast Tuesday. But Facebook parent Meta Platforms … Read more

Trump aide Hope Hicks joins Dolan team amid controversy over facial recognition at Madison Square Garden

Madison Square Garden has tapped a high-profile spin doctor to help its chairman, James Dolan, deflect criticism of his use of facial-recognition technology. Background: James Dolan defends facial-recognition policy as lawyers sue Madison Square Garden owner: ‘Please don’t come’ Dolan hired former Trump White House communications director Hope Hicks as a consultant at what’s been … Read more

Meta’s ‘meteoric’ shift could power stock to its best day since 2013

Meta Platforms Inc. changed its narrative in a big way this week, and that’s resonating on Wall Street. Three months ago, Chief Executive Mark Zuckerberg and his leadership team sounded fairly defiant as they laid out big spending plans despite economic angst, an attitude that helped send shares toward one of their worst days on … Read more

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The … Read more

Bonds retain gains as analysts view Powell comments as dovish

Bonds held onto their gains on Thursday, a day after a press conference held by Federal Reserve Chair Jerome Powell convinced traders the rate-hike cycle was nearing an end. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.120% fell 1 basis point to 4.11%. Ahead of the Fed decision on Wednesday, the yield was … Read more

U.S. stock futures point to further gains as Meta results, Powell press conference provide cheer

U.S. stock futures were pointing to a stronger start Thursday, buoyed by upbeat results from Facebook parent Meta Platforms as well as the after-glow from Federal Reserve Chair Jerome Powell’s press conference. What’s happening Dow Jones Industrial Average futures YM00, -0.16% fell 45 points, or 0.1%, to 34103. S&P 500 futures ES00, +0.48% gained 20 … Read more

Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more