Thursday, July 29

Alphabet

Alphabet, Apple, Bitcoin, Bond Yields, China Crackdown, Dow Jones, Federal Reserve, Markets, MI Exclusive, Microsoft, NASDAQ, UK market wrap, US futures

US futures swing into the green after sharp tech sell-off, while bonds yields rise ahead of Fed decision

US stocks have been hit by worries over China. John Minchillo/AP US futures swung into the green on Wednesday as US earnings season rolled on, after China's crackdown on its big companies drove a sharp tech sell-off the day before.Meanwhile, bond yields moved slightly higher ahead of the latest monetary policy decision by the Federal Reserve, due later Wednesday.Futures for the tech-heavy Nasdaq 100 fell but then reversed their losses to rise 0.24%, after the linked index dropped 1.21% on Tuesday-its biggest fall in more than two months. S&P 500 futures rose 0.16%, while Dow Jones futures were roughly flat.China's government has intensified its scrutiny of its major private companies, which has triggered a sharp sell-off in Asian stocks this week. The government has brough...
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Alphabet blows past Wall Street’s Q2 quarterly earnings expectations as search and YouTube ad revenue surge

Google's parent Alphabet announced its Q2 earnings Tuesday, beating Wall Street expectations. Alphabet reported $61.9 billion in total revenue versus $56.1 billion expected by analysts. Google's ad services brought in $57.1 billion, while Cloud revenue grew to $4.6 billion. See more stories on Insider's business page. LoadingSomething is loading. ...
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Biden tapped a prominent Google foe head up the Justice Department’s antitrust division

President Joe Biden has tapped a Google critic to head up the DOJ's antitrust division. Progressive favorite Jonathan Kanter has reportedly represented Microsoft and Yelp in cases against Google. Google is facing a tidal wave of regulatory scrutiny throughout the US and abroad. LoadingSomething is loading. President Joe Biden is set to nomina...
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Sundar Pichai took over the running of Google aged 47. Here’s his advice to anyone with similar ambitions.

Google's CEO said aspiring CEOs should'figure out what their heart is excited by.' He was speaking in an in-depth interview with BBC journalist Amol Rajan. Pichai also revealed he speaks 3 languages ​​and currently drives a Tesla. See more stories on Insider's business page. Sundar Pichai, chief executive of Google parent Alphabet, has offered some advice for people who want to run a successful company: Find something that excites you.In an hour-long interview with the BBC's media editor Amol Rajan, Pichai talks about the potential of quantum computing, the dangers of AI, and whether Alphabet, with a market capitalization of $1.6 ...
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Jeff Bezos is about to step down as Amazon CEO. Here’s how he built Amazon into a $1.7 trillion company and became the world’s richest person.

Jeff Bezos will step down as Amazon CEO on July 5, 27 years to the day after he founded the company. Bezos got his start as a New York hedge-funder and grew Amazon into a $1.7 trillion business. Along the way, he faced antitrust scrutiny, weathered scandal, and became the world's richest man. Visit Business Insider's homepage for more stories. After 27 years in charge, Jeff Bezos is stepping down as Amazon CEO. Over the last 16 months, Amazon experienced a surge in demand as the coronavirus pandemic forced people to shop online more than ever. And as Amazon's stock has hit new highs, Bezos' net worth has jumped as well: These days...
Alphabet, Amazon, CMA, Competition and Markets Authority, Fake reviews, Google, Tech Contributors, Tech Insider

Amazon and Google are being investigated by a UK regulator over fake reviews on their sites

A UK regulator is investigating whether Amazon and Google have done enough to stop fake reviews. The CMA said it's looking into whether Amazon and Google have failed to protect shoppers. Amazon recently urged social-media firms to help it prevent fake reviews on its site. See more stories on Insider's business page. Britain's competition regulator has opened a formal investigation into Amazon and Google over concerns the tech giants have not done enough to combat fake reviews on their sites.The Competition and Markets Authority (CMA) said Friday that it would now gather further information to determine whether the firms may have br...
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THE DIGITAL HEALTH ECOSYSTEM: Where players across the ecosystem stand on digital transformation and what healthcare’s new normal looks like

Healthcare incumbents have been slow to adop digital transformation, but the coronavirus pandemic forced them to accelerate. The pandemic kickstarted a boom period for virtual care that is changing the way doctors and patients interact. The Digital Health Ecosystem, previewed below, analyzes the future of the healthcare industry. You can purchase this report here. Healthcare incumbents have been dragging their feet on digital transformation—but the coronavirus pandemic forced their hands to accelerate digitization and catalyzed a virtual care boom that's changing the fabric of the entire US healthcare ecosystem ...