(Bloomberg) -- Alphabet Inc.’s Google is shaking up its leadership, putting control over the company’s search engine and advertising product teams under the same person and moving leaders who have been around since the company’s founding to less visible teams.Prabhakar Raghavan, … | Continue reading
Two of Canada’s three major telecommunication companies announced Tuesday they’ve decided not to use Chinese tech giant Huawei for their next-generation 5G wireless network. Bell Canada announced that Sweden-based Ericsson will be its supplier and Telus Corp. later announced tha … | Continue reading
(Bloomberg) -- TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.The revenue for … | Continue reading
(Bloomberg Opinion) -- The unprecedented pace of the collapse in equities and ensuing rebound has left investors questioning where the intrinsic value of riskier assets really lies. While progress has been made in combatting the coronavirus pandemic and authorities have provided … | Continue reading
(Bloomberg) -- A Facebook Inc. rally pushed shares of the social-media company to a record on Wednesday.Facebook rose as much as 6% to $230.33, extending a winning streak to the fifth-consecutive day. Facebook’s previous closing high was on Jan. 29 at $223.23. The stock has now g … | Continue reading
(Bloomberg) -- It’s a line you don’t hear every day from Wall Street titans: Maybe we really should pay higher taxes.The pandemic has bold-face names like Larry Fink and Lloyd Blankfein thinking out loud that it might be necessary as the coronavirus pandemic derails the economy. … | Continue reading
Find the latest WisdomTree Cloud Computing Fund (WCLD) stock quote, history, news and other vital information to help you with your stock trading and investing. | Continue reading
(Bloomberg) -- For years, the Federal Reserve warned that too many highly risky companies were engaging in fuzzy accounting that bumped up their earnings -- making it easier for them to obtain loans. The practice was driving up corporate debt to excessive and worrisome levels, re … | Continue reading
May 6 (Reuters) - Uber Technologies Inc said on Wednesday it will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will waive his base salary for the remainder of the year. The ride-hailing company expects to incur about $20 million in costs related to … | Continue reading
Governors face agonizing tradeoffs as they weigh business reopenings against the higher coronavirus death tools likely to result. | Continue reading
(Bloomberg) -- Sam Zell, the billionaire known for buying up troubled real estate, said the coronavirus pandemic will leave the same kind of impact on the economy and society as the Great Depression 80 years ago, with long-lasting changes in human behavior that imperil many busin … | Continue reading
Microsoft (MSFT) has announced a $1 billion seven-year investment plan to accelerate innovation and digital transformation in the “Polish Digital Valley.”This includes the opening of a new Microsoft datacenter region in Poland to provide startups, enterprises and government with … | Continue reading
In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The upsized deal, this year's largest investment-grade bond issue and the sixth largest on record, surpassed Boeing's expectations. It underscores how the Chicago-based company c … | Continue reading
Yahoo Finance is the exclusive online host of the 2020 Berkshire Hathaway Annual Shareholders Meeting which takes place on Saturday, May 2nd. Live coverage begins here at 4:00pmET. Investors and non-investors alike can witness history, live, as Berkshire Hathaway Chairman and CEO … | Continue reading
Yahoo Finance is the exclusive online host of the 2020 Berkshire Hathaway Annual Shareholders Meeting which takes place on Saturday, May 2nd. Live coverage begins here at 4:00pmET. Investors and non-investors alike can witness history, live, as Berkshire Hathaway Chairman and CEO … | Continue reading
Google parent company alphabet beats analysts expectations on revenue in Q1 2020. | Continue reading
Logical Clocks, the enterprise behind Hopsworks - the first data platform for designing and operating machine learning and artificial intelligence (AI) applications at scale with a Feature Store - announces the launch of Hopsworks.ai, the world’s first managed cloud platform for … | Continue reading
A clear winner has emerged from the historic rout in global oil markets: China, which is reaping an unlikely reward from a crisis it helped foment. | Continue reading
Alibaba Group Holding Ltd said it will invest 200 billion yuan ($28 billion) in its cloud infrastructure over three years - a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China. The company said in a statement it will spend the f … | Continue reading
(Bloomberg) -- Earlier this week, a French court, responding to union complaints that Amazon.com Inc. wasn’t doing enough to protect warehouse workers during the pandemic, ordered the company to stop selling nonessential items there. Saying it had invested in “additional safety m … | Continue reading
(Bloomberg) -- The Federal Reserve is working on a plan to publish transactions on its website for its coronavirus emergency lending facilities, as pressure builds for transparency over what could be trillions of dollars of support, according to the central bank.Congress allocate … | Continue reading
(Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook led a companywide virtual meeting on Thursday to address concerns about the impact of Covid-19 and discuss the iPhone maker’s plan to return to work.During the meeting, Cook called the pandemic an “uncertain and stressful … | Continue reading
A district judge in California on Wednesday ruled that Tesla Inc. (NASDAQ: TSLA) and chief executive officer Elon Musk must face a lawsuit that alleged Musk deliberately attempted to manipulate the company's stock price.What Happened The lawsuit was filed in 2018 based on Musk's … | Continue reading
(Bloomberg) -- The Trump administration is considering paying U.S. oil producers to leave crude in the ground to help alleviate a glut that has caused prices to plummet and pushed some drillers into bankruptcy.The Energy Department has drafted a plan to compensate companies for s … | Continue reading
U.S. manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter. The Federal Reserve said on Wednesday manufacturing production plummeted … | Continue reading
(Bloomberg) -- Airbnb Inc. is poised to raise $1 billion in debt, the second such financing since last week, while the travel company braces for an extended fallout from the coronavirus.The new debt will come from a group of investors including Apollo Global Management, Benefit S … | Continue reading
(Bloomberg Opinion) -- The most misleading cliche about the coronavirus is that it treats us all the same. It doesn’t, neither medically nor economically, socially or psychologically. In particular, Covid-19 exacerbates preexisting conditions of inequality wherever it arrives. Be … | Continue reading
Twitter is removing a setting that let users to opt out of sharing data with advertisers, saying the change is necessary to keep Twitter a "free service." | Continue reading
Find the latest Gannett Co., Inc. (GCI) stock quote, history, news and other vital information to help you with your stock trading and investing. | Continue reading
(Bloomberg) -- The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.Foreign official holders of Treasuries dumped more than $100 billion in the three weeks to March 25, on course for the biggest monthly drop on record, a … | Continue reading
The U.S. Postal Service has been in trouble for some time. Now, the coronavirus crisis has come along and made everything much worse. | Continue reading
Sources tell Yahoo Finance the Softbank-WeWork deal is off. | Continue reading
(Bloomberg Opinion) -- There are no atheists in foxholes, and no tech regulators in a coronavirus lockdown.What was once thunderously described as “surveillance capitalism” is now a pandemic necessity. Twitch is where our children go to school; Twitter where epidemiological model … | Continue reading
(Bloomberg Opinion) -- The economic debate of the day centers on whether the cure of an economic shutdown is worse than the disease of the virus. Similarly, we need to ask if the cure of the Federal Reserve getting so deeply into corporate bonds, asset-backed securities, commerc … | Continue reading
In an interview with Yahoo Finance, CBS Travel Editor Peter Greenberg questions whether the $2 trillion bailout protects airline passengers. | Continue reading
(Bloomberg) -- With so many workers videoconferencing from home -- while their children stream videos and play Fortnite -- the internet is creaking at the seams, according to Nokia Oyj.The junctions between different internet networks are close to being overwhelmed, the Finnish t … | Continue reading
(Bloomberg) -- The Federal Reserve’s balance sheet topped $5 trillion for the first time amid the U.S. central bank’s aggressive efforts to cushion debt markets against the coronavirus outbreak through large-scale bond-buying programs.Total assets held by the Fed rose by $586 bil … | Continue reading
(Bloomberg) -- Amazon.com Inc.’s delivery delays of non-essential goods will extend for at least another month for many customers in the U.S. and Europe, stirring panic among online merchants who rely on the web retailer for business.The lengthening delivery times come on top of … | Continue reading
(Bloomberg) -- U.S. equity futures tumbled at the start of trading Monday after a surge in the global death toll from the coronavirus and a failure as yet by Congress to agree on an aid plan. Crude oil slumped.S&P 500 futures dropped 5% and hit limit down after the index lost mor … | Continue reading
(Bloomberg) -- Coronavirus is sending Americans back home for dinner, creating a crisis for a restaurant industry that was already slowing down.The viral outbreak is wreaking havoc as diners isolate themselves at home and states restrict operations to carryout and delivery only. … | Continue reading
(Bloomberg) -- Google is limiting how its trove of location data is used in the fight against the novel coronavirus as the company balances government demands with user privacy concerns.The largest U.S. internet company has been talking with other tech companies and governments a … | Continue reading
The Federal Reserve continued efforts to counter the coronavirus by re-opening its crisis-era primary dealer credit facility to provide short-term loans to banks and broker-dealers. | Continue reading
(Bloomberg) -- Mattresses full of money, getting paid to take out a mortgage, surging demand for safe-deposit boxes -- these are some of the ideas people have about what happens when interest rates turn negative.Just a few months ago, such scenes -- at least in the U.S. -- seemed … | Continue reading
Federal Reserve makes announcement before markets open. | Continue reading
As Delta CEO Ed Bastian noted in a letter to the company's staff today, the company is now seeing more cancellations than new bookings over the next month. Only a few days ago, Delta was looking at a 15 percent capacity cut. Unlike some of its competitors, including United and … | Continue reading