GOOG Jan 2020 1245.000 call

OPR - OPR Delayed Price. Currency in USD
77.95
0.00 (0.00%)
As of 3:29PM EST. Market open.
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Previous Close77.95
Open77.95
Bid0.00
Ask0.00
Strike1,245.00
Expire Date2020-01-17
Day's Range77.95 - 77.95
Contract RangeN/A
Volume1
Open Interest96
  • How Google's deal shows a 'lack of understanding' about health data
    Yahoo Finance

    How Google's deal shows a 'lack of understanding' about health data

    The backlash Google faces in a health deal exposes the lack of knowledge consumers have about the myriad laws that govern their health data, and suspicions about Big Tech.

  • Google unveils plans for checking accounts
    Yahoo Finance Video

    Google unveils plans for checking accounts

    Google introduced Cache, a new program for personal banking, which will be run by Citigroup and Stanford Federal Credit Union. Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Cheung and Akiko Fujita discuss on On The Move.

  • MarketWatch

    Apple stock falls after Maxim joins the bear camp

    Shares of Apple Inc. are down 0.7% in premarket trading Thursday after Maxim Group analyst Nehal Chokshi downgraded the stock to sell from hold. He expects that the company's March-quarter revenue will come in 14% below consensus estimates and that fiscal 2020 revenue will end up 6% below consensus figures. "We expect operating profit to decline year over year due to our below consensus iPhone view, despite ongoing growth in services and wearables," he wrote. Chokshi also projects a deceleration in Apple's wearables, home, and accessories category in fiscal 2021 due to what could be tougher competition from a combined Alphabet Inc. and Fitbit Inc. . He set a $190 price target on the shares, which have gained 68% so far this year to reach a recent $264.47. The Dow Jones Industrial Average is up 19% so far in 2019.

  • TheStreet.com

    [video]Facebook Pay Is a Less Risky Onramp to Social Commerce, Following Libra Backlash

    Facebook Pay is rolling out on Messenger and Facebook in the U.S. first, with plans to expand to Instagram and WhatsApp eventually.

  • Bloomberg

    Macron and Merkel Are Caught in a New Cold War

    (Bloomberg Opinion) -- “Technological sovereignty” is one of the European Union’s buzzwords of the moment, conjuring up an image of a safe and secure space for zettabytes of home-grown data, free from interference or capture by the U.S. and China.Both France’s Emmanuel Macron and Germany’s Angela Merkel have used the phrase to kick-start all sorts of initiatives, from artificial intelligence programs to state-backed cloud computing. The new European Commission president Ursula Von der Leyen has etched the concept into her political guidelines.It’s a noble goal, if only because it acknowledges Europe is anything but technologically sovereign right now. The internet behemoths are in America and China — Alphabet Inc., Facebook Inc., Amazon.com Inc., Alibaba Group Holding Ltd — and an estimated 92% of the Western world’s data is stored in the U.S., according to the CEPS think tank. China accounts for more than one-third of global patent applications for 5G mobile technology. Amazon boasts that 80% of blue-chip German companies on the DAX exchange use its cloud services business AWS. The trigger to do something about it is the race for supremacy between Beijing and Washington, which is spilling over into the tech sector and undercutting the EU’s ability to protect its turf. President Donald Trump’s ban on Huawei Technologies Co. and his attempts to bully allies into doing the same was a wake-up call, however valid his security concerns. The U.S. “Cloud Act,” which forces American businesses to hand over data if ordered regardless of where it’s stored, was another. Both China and the U.S. see the EU as an easy mark in the global tech tussle. And they’re right. Europe’s problem is that recapturing sovereignty is neither easy nor cheap. Take cloud computing, one area where France and Germany are eyeing the building of “sovereign” domestic infrastructure for use by national and European companies. This is a $220 billion global market dominated by U.S. suppliers with market values of close to $1 trillion, which invests tens of billions of dollars every year on infrastructure. Their power isn’t just technological: When Microsoft Corp. spends $7.5 billion on an acquisition such as GitHub, a forum for open-source coding, it’s bringing valuable developers into its own orbit. Likewise, Amazon’s AWS has the scale, cheap pricing and perks that lock in customers.France and Germany won’t win a head-on battle in this field. Paris is still smarting from a failed attempt years ago at building a sovereign cloud for the princely sum of 150 million euros ($165 million). Germany has Gaia-X, which looks like a common space for the sharing of data by the leading lights of the DAX , from SAP SE to Siemens  AG. It’s hard to see how such initiatives will lead to true digital sovereignty, though; not just because of a lack of serious investment, but because it’s hard to avoid using U.S. cloud tech.Still, it wouldn’t be a bad thing if this trend led to France and Germany collaborating more — laying the groundwork for more ambitious spending — and to Brussels doing what it does best: setting the rules of engagement for tech companies everywhere. Digital commissioner Margrethe Vestager is already demanding tougher enforcement of data protection laws and taking a consistently muscular approach to antitrust violations by the Silicon Valley and Seattle giants. It’s not sovereignty, but it’s a start.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Motorola Brings Back the Razr as $1,500 Foldable Smartphone
    Bloomberg

    Motorola Brings Back the Razr as $1,500 Foldable Smartphone

    (Bloomberg) -- Motorola is rebooting the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display that gives the Lenovo-owned brand a unique selling point against Apple Inc. and Samsung Electronics Co.’s finest.The new device reprises the Motorola Razr name and looks like a modernized version of the original. It costs $1,499 and will be available for pre-order in December in Europe and as a Verizon exclusive in the U.S., ahead of its retail arrival in January. For Lenovo Group Ltd., which has a tiny fraction of the global smartphone market, it's an effort to build brand awareness in the U.S. via a halo device.Launched in late 2004, the first Razr became a cultural icon in the U.S., sold 130 million units and was the face of the phone industry before Apple launched the iPhone in 2007. Motorola’s new model has a shot at some fame as well, as it’s set to become the first true foldable phone on the market — every other device so far could more properly be described as a foldable tablet — and company executives have told Bloomberg they are confident that their design won’t succumb to the durability issues that pushed back Samsung’s Galaxy Fold launch.The 2019 Razr is no bargain, but compared to the $1,980 Galaxy Fold or Huawei Technologies Co.’s $2,600 Mate X, it’s the most affordable member of the most expensive modern phone category. The compromise that users will have to accept with the Razr is in some of its specifications: it has a small battery at 2,510mAh and runs the older Android 9 Pie operating system on Qualcomm’s sub-flagship Snapdragon 710 chip. It lacks the 5G option and bountiful memory of its rivals. Aside from the U.S. and Europe, it’ll also be on sale in Latin America, Asia and Australia.Motorola President Sergio Buniac said he doesn’t see the launch as a “silver bullet” for rocketing Motorola’s sales up to Apple and Samsung numbers. Over the past several quarters, Motorola has turned its mobile business from a flailing unit of China’s Lenovo to profitability in many markets, he said. The new Razr is intended to continue that even without strong sales. Buniac said he’s hoping for “a little bit more” demand than supply, while Lenovo Chief Operating Officer Gianfranco Lanci said “it will bring greater awareness to the brand, especially in key markets like North America.”Motorola’s take on foldable phone design is markedly different to the first batch of foldable devices. Instead of a vertical hinge that makes it open like a book, the new Razr opens and closes like a classic flip phone. Closed shut, the phone is a square that’s about half the size of an iPhone 11 Pro Max, and Motorola has used the foldable technology to make one of the most portable phones on the market. In the process, it’s brought back the action of flipping the phone shut to hang up calls, which is something most premium smartphone consumers haven’t done in at least a decade.Samsung is planning to introduce its own square-shaped foldable phone as its second Galaxy Fold device early next year. Until that time, Motorola looks set to be all alone in offering a regular smartphone capable of collapsing into a pocket-friendly clamshell.“We wouldn’t be bringing the product to market if we didn’t think it was ready,” said Buniac, underlining Motorola’s belief in the reliability of its particular hinge and fold design. Samsung’s Galaxy Fold had issues with air bubbles popping up beneath the display and tiny particles getting trapped under the screen. Touting a so-called zero-gap design,  Buniac said “Our expectation is that we will have a reliable product, and as we launch you will see, but we are confident in what we achieved.”In a brief hands-on test with the Razr, the handset felt and looked impressive. Its screen felt fragile, but the device’s design chief Ruben Castano said “We feel like we’ve really developed a robust solution,” pointing to stainless steel structural plates between the bottom of the inner screen and the device’s internals. He says that layer will help prevent particles like sand from going into the device’s electronics and breaking the display. There’s also a 2.7-inch exterior touchscreen for quick access to commonly used functions and checking notifications.Similar to Samsung, Motorola will offer 24-hour turnaround replacements under a standard warranty for display failures, and it will charge $299 if the issue falls out of warranty in the U.S. The phone will be sold via Verizon Wireless as the exclusive launch carrier in the U.S. and will be available at Verizon and Walmart stores from January.The Razr’s inner display appeared impressive with a high-resolution panel whose crease was more subtle than the one on the Galaxy Fold. When unfolded, the Razr operates like most other Android phones, running a full touchscreen version of Google’s operating system. The external screen is designed for light interactions like answering calls and texts, but like the front screen on the Galaxy Fold, it’s not something most consumers are likely to use much. The new Razr is a flip phone at heart and that’s how most people will want to use it.Castano said that Motorola started working on a foldable design around 2015 and that its biggest challenge was being able to match the first Razr’s ability for the phone to be fully shut with no gap. Like the original Razr, the 2019 model has a chin at the bottom that houses electronics such as the LTE antenna. it also has a notch at the top of the main display, lacks a headphone jack, and will be available only in black and with 128GB of storage without further upgrade options. Its camera and battery specs are underwhelming, though Motorola promises “all-day battery life” without quoting an exact number of hours.Motorola’s other big task will be to prove itself at the super premium end of the market that’s long been dominated by Samsung and Apple. Since the first Razr, the Motorola brand has worn many hats, having served as a middling iPhone counter with the Verizon Droid, gone through a $12.5 billion Google acquisition and eventually ended up in the hands of Lenovo. It now needs to rebuild its own brand identity.But the Razr’s shortcomings may very well not matter. This device is designed to appeal to those nostalgic for the flip phone era, for whom specs may not be a priority, as well as the early adopters of new technology, who are more tolerant of first-generation imperfections. To contact the author of this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editor responsible for this story: Vlad Savov at vsavov5@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Key antitrust lawmaker frustrated with Google's Fitbit deal
    Reuters

    Key antitrust lawmaker frustrated with Google's Fitbit deal

    Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet's Google , Facebook , Amazon and Apple on Wednesday, with the chair of a House subcommittee expressing frustration over the companies' continued acquisitions. In a hearing of the House Judiciary Committee's antitrust subcommittee, Makan Delrahim, the head of the Justice Department's antitrust division, said his investigative staff was focused on understanding how personalized advertising transactions work.

  • Why Is Every Tech Company A Bank These Days?
    Crunchbase

    Why Is Every Tech Company A Bank These Days?

    The trend of tech companies adding banking features is spreading more widely than we expected.

  • Peloton to Sell Cheaper Treadmill and Rowing Machine in 2020
    Bloomberg

    Peloton to Sell Cheaper Treadmill and Rowing Machine in 2020

    (Bloomberg) -- Peloton Interactive Inc., the unprofitable fitness company whose stock has been skidding, plans to introduce two new pieces of workout equipment next year in a further expansion beyond cycling.The company is working on a new treadmill that will cost less than the current $4,000 model, as well as a rowing machine, according to people familiar with their development. Peloton has also explored apps for Amazon.com Inc.’s Fire TV and the Apple Watch to complement its smartphone software, though the status of those projects is unclear, said one of the people, who asked not to be identified because they weren’t authorized to discuss the information publicly.The new pieces of hardware will likely be the first introductions for the company in at least two years, when the original treadmill debuted. But people familiar with the plans said the release timing could change. Peloton’s stock jumped as much as 9% in intraday trading on the news.Jessica Kleiman, a spokeswoman for Peloton, declined to comment on products in development. “Our R&D team is always working on ideas,” she wrote in an email.In the almost two months since Peloton went public, investors have called for the company to reevaluate its expensive growth ambitions and focus on turning a profit, much like with other technology companies that have gone public this year. Peloton’s initial public offering fell flat, and the stock is down 15% since then. John Foley, the chief executive officer, said on a conference call with analysts last week that management is convinced now is the time to spend on expansion. “If we pull back on growth, we could be profitable tomorrow, but that is not what the board and the leadership at Peloton believe we should do,” he said.Foley helped start Peloton with a Kickstarter campaign in 2013, pitching live and on-demand cycling classes streamed to the home. The main hardware product is a $2,245 stationary bike affixed to an iPad-like device. It has recently expanded to Canada and Germany and is also building fitness studios in New York and London.Peloton now offers a variety of classes, including boot camp-style workouts, meditation and yoga, through apps that don’t require pricey equipment. More than 500,000 people take Peloton classes, which require a membership costing at least $19 a month. The company describes itself as the “largest interactive fitness platform” in the world.Foley has fashioned Peloton as a tech company, which has helped boost its market value to $7 billion today. Executives emphasize user engagement as a key business metric. The company said last week the average user was nearly a dozen workouts on Peloton each month, up from nine in the same period last year. Executives see the addition of new kinds of workouts as a way to increase engagement. In 2018, Peloton introduced its first treadmill at the Consumer Electronics Show in Las Vegas. The bulkiness of the equipment and $4,000 price tag have made it a niche product, though Foley has said he’s happy with sales of the treadmill.To increase sales, Peloton has looked for various ways to make its products more affordable. It offers monthly installment plans on equipment purchases through a startup called Affirm and acquired an engineering firm this year that previously designed devices for Google and Facebook Inc. Foley said in an interview last week that the acquisition would give Peloton cost advantages and potentially speed up production.Foley aspires to create the Apple Inc. of fitness and has taken many cues from the world’s most valuable public company. One of those is product secrecy. During the IPO roadshow, Foley would only answer questions about new products by saying Peloton could have a “better, best” strategy, suggesting it may sell multiple models of bikes or treadmills at different prices. In an interview with Bloomberg TV on the day of the IPO, Foley declined to answer questions about new products. When asked specifically about the potential for a rowing machine, Foley responded with a smirk: “I think rowing is a fantastic workout.”(Updates with share move in the third paragraph.)\--With assistance from Jason Kelly.To contact the reporters on this story: Julie Verhage in New York at jverhage2@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Behind Google's Plan to Enter Consumer Banking
    Investopedia

    Behind Google's Plan to Enter Consumer Banking

    Google intends to offer checking accounts in a move that would bring a new heavyweight competitor into consumer banking.

  • Bloomberg

    Google-Fitbit Deal Should Be Blocked by U.S., Groups Say

    (Bloomberg) -- U.S. antitrust enforcers should stop Google’s proposed acquisition of Fitbit Inc. because the deal will further consolidate the search giant’s control over consumer data, a coalition of privacy and consumer advocates said.The $2.1 billion takeover would allow Google to entrench its monopoly power in the digital marketplace, the groups said Wednesday in a letter to the Federal Trade Commission.“Through its vast portfolio of internet services, Google knows more about us than any other company, and it should not be allowed to add yet another way to track our every move,” they said.Alphabet Inc.’s Google is a leader in digital data, and Fitbit would give it a new stream of valuable health and activity data from Fitbit’s more than 28 million users. The purchase will mean Apple Inc. and Google control more than half of the global smartwatch market. Apple had 46% of this growing sector at the end of the second quarter, while Fitbit had 10%, according to research firm Strategy Analytics.A Google spokesman didn’t immediately respond to an email seeking comment about the letter to the FTC, which was signed by Open Markets Institute, the Center for Digital Democracy, Consumer Federation of America, and the Electronic Privacy Information Center, among others.A spokeswoman for the FTC didn’t immediately respond to a phone call and an email seeking comment.The deal is likely to face a stringent antitrust review. Google and other big internet companies are already under scrutiny at both the FTC and the Justice Department. A group of state attorneys general is also investigating whether Google’s business practices harm competition. Both Republicans and Democrats also have been strongly critical of practices by big technology and internet companies.Google is separately under scrutiny by the U.S. Department of Health and Human Services over its access to personal health data as part of a project to build a new internal search tool for the Ascension hospital network.\--With assistance from Ben Brody.To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 6 'Old Tech' Stocks That Are Crushing the FANGs
    Investopedia

    6 'Old Tech' Stocks That Are Crushing the FANGs

    The once highly-flying FANG stocks are being outperformed by a group of much older, more mature tech stocks.

  • From search engine to checking accounts: Google inks banking deal with Citigroup
    American City Business Journals

    From search engine to checking accounts: Google inks banking deal with Citigroup

    Google will offer personal checking accounts beginning next year via a partnership with Citigroup Inc. The Mountain View, California-based tech giant has dubbed the project "Cache" and confirmed to The Wall Street Journal that it underscores a shift toward banking. “Our approach is going to be to partner deeply with banks and the financial system,” said Caesar Sengupta, general manager and vice-president of payments at Google (NASDAQ: GOOG). “It may be the slightly longer path, but it’s more sustainable." Citi (NYSE: C) confirmed the partnership.

  • Google Denies It’s Misusing Health Data as HHS Starts Inquiry
    Bloomberg

    Google Denies It’s Misusing Health Data as HHS Starts Inquiry

    (Bloomberg) -- Google’s top health and cloud executives said the company isn’t misusing health data from one of the biggest U.S. health-care providers, pushing back against news reports that have triggered criticism from lawmakers and prompted a federal inquiry.Google employees only have access to patient information in order to build a new internal search tool for the Ascension hospital network, said David Feinberg, head of Google Health. No patient data is being used for Google’s artificial intelligence research, he added.The Alphabet Inc. company’s contract is governed by U.S. health privacy law that permits it access to patient records solely for the task of organizing Ascension’s various health records systems and building a tool to make them easier to search, Feinberg said.“That’s all we’re allowed to do and that’s all we are doing,” he said.Google’s deal with Ascension has been under scrutiny since the Wall Street Journal reported on Monday the company was collecting identifiable data on millions of Ascension patients and using it to build new products. On Tuesday, the paper reported that the U.S. Department of Health and Human Services’ civil rights office was starting an inquiry into the situation.HHS’s Office of Civil Rights “would like to learn more information about this mass collection of individuals’ medical records with respect to the implications for patient privacy under HIPAA,” said Roger Severino, director of the office, in a statement Wednesday. HIPAA is the Health Insurance Portability and Accountability Act, the U.S. law that governs confidentiality and information sharing in health care and insurance, among other rules.Thomas Kurian, chief executive officer of Google Cloud, declined to comment on the inquiry.Google Gets Access to Health Data With Ascension PartnershipAscension’s health data is being stored on Google Cloud servers but sequestered so only Ascension employees can access it, according to Google.“All data is logically siloed to Ascension and housed within a virtual private space encrypted with dedicated keys,” Kurian said. “Google does not sell, share or otherwise combine data from Ascension with any other data.”Senator Richard Blumenthal, a Democrat from Connecticut, said Google’s activity was a “blatant disregard for privacy” and “beyond shameful.” News articles and social media posts have questioned why Google needs to collect patient information and speculated that the search giant could eventually use the data for advertising. That isn’t true, Kurian and Feinberg said in a joint interview.When Google does work with other companies on artificial intelligence research, it always strips out personally identifying information, Kurian said.“We never actually have Google employees understand individual patients’ data when it goes into the model. We have other technologies that de-identify it,” he said.Feinberg said his team is tapping Google’s expertise in search technology to build a tool that can scan through Ascension’s multiple electronic health record systems and make it easy for doctors and nurses to find the exact data they need, when they need it. The project is still in its infancy, but could eventually become a standalone product that Google could sell to other health-care providers and entities, Feinberg said.“If we can help solve the information overload and the pressures on doctors and nurses then there would be a huge benefit to a lot of people in those types of tools,” he said. “To me, that is actually really, really exciting.”\--With assistance from Mark Bergen.To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Google Partners With Citi to Offer Customers Checking Accounts

    (Bloomberg) -- Google is taking its deepest dive yet into the financial lives of its users with plans to roll out a checking-account service.Citigroup Inc. and a California credit union are the tech giant’s initial partners for the venture, which will let users access their bank accounts through the Google Pay app beginning next year, according to people familiar with the matter. Other banks could join up later, the people said, asking not to be identified because the plans haven’t been announced.“We’re exploring how we can partner with banks and credit unions in the U.S. to offer smart checking accounts through Google Pay, helping their customers benefit from useful insights and budgeting tools,” Google said in an emailed statement, adding that the accounts will carry federally guaranteed insurance.The move is the latest sign of Silicon Valley’s determination to muscle in on financial firms’ territory, looking to expand their hold on customers and accumulate data on their finances. At the same time, it shows banks are more willing to pair up with technology companies in their quest to avoid getting shut out of the relationship entirely. In the Google arrangement, the financial institutions will handle most of the compliance requirements.Google has spent years building out its payments capabilities, offering consumers the ability to send money to friends and check out both online and in stores through Google Pay. With the checking accounts, consumers will be able to receive their paychecks and transact solely inside the Google ecosystem.“We’re going to see more of this, but it’s not the death of banking,” Bryce VanDiver, a partner with Capco who advises banks and payment companies, said in a telephone interview. “Compliance is still being manged by Citi. If you look at banks’ core competencies, compliance being one of those, they’re really good at that.”The Wall Street Journal reported Google’s plan earlier Wednesday.For Google, the trove of data associated with checking accounts and financial products is another step in its push to collect information on all aspects of consumers’ lives. The firm has a wealth of information on consumers’ search behavior from its flagship site as well as partnerships with the largest U.S. health-care systems to analyze consumers’ health data. The move comes at a time when Google and other large tech companies are under increased scrutiny in D.C. with antitrust probes around competition law.“This is probably more about Google Pay and how they plan to position that going forward to access all financial products, not just credit cards,” VanDiver said.One of the people said Google partnered with Citigroup in part because the lender has spent the last year building out its digital banking arm, an effort that’s helped the bank gather more than $4 billion in deposits this year.“This agreement has the potential to expand the reach and breadth of our customer base while complementing our continued investments in digital,” Citigroup said in a statement. The partnership is a bit of a shift for Citigroup, which has been relying on marketing its digital bank accounts to existing customers in the firm’s sprawling cards business. The New York-based company said earlier this month it would offer special perks for checking accounts to customers of its co-brand credit card with American Airlines Group Inc.“This year we’ve increased the deposits we’ve raised digitally more than fourfold,” Anand Selva, who leads Citigroup’s consumer bank in the U.S., said at an investor conference this month. “As we continue to test and learn and enhance our digital capabilities and experiences, the digital deposit momentum has accelerated through the year.”For the finance industry, the worry is that tech giants could one day replicate the success of Alipay and WeChat Pay in China, where money flows through digital systems without the need for banks.To fight off the threat, banks are striking deals to keep a firm hold on their customers. Apple Inc. paired with Goldman Sachs Group Inc. this year to offer a credit card that extended $10 billion in credit lines as of Sept. 30. Uber Technologies Inc. announced last month that it would offer a bank account to drivers on its platform through a partnership with Green Dot Corp.(Updates with comments from Google, Citi starting in the third paragraph.)\--With assistance from Julie Verhage.To contact the reporter on this story: Jenny Surane in New York at jsurane4@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Steve Dickson, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Google to offer consumer checking accounts: RPT
    Yahoo Finance Video

    Google to offer consumer checking accounts: RPT

    Google will soon be offering checking accounts direct to consumers. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Ethan Wolff-Mann discuss on The First Trade.

  • Apple's new 16-inch MacBook pro, a Google checking account?
    CNET

    Apple's new 16-inch MacBook pro, a Google checking account?

    Today's major tech headlines include first impressions of Apple's new MacBook Pro, Google possibly offering checking accounts in 2020 and Disney Plus' big launch that included over 10 million sign-ups.

  • Not too late to buy Disney shares, says adviser
    Reuters Videos

    Not too late to buy Disney shares, says adviser

    Disney+ will hit its 50 million subscriber goal quickly, says Ross Gerber of Gerber Kawasaki, who considers Disney shares a strong buy. The streaming service signed up more than 10 million users on its debut Tuesday.

  • Google to offer checking accounts
    Reuters Videos

    Google to offer checking accounts

    Google is taking a deeper dive into finance. A source says the search engine company will offer checking accounts to consumers sometime next year. The Alphabet unit will partner with Citigroup and a small credit union at Stanford University to make that happen. The news comes one day after Facebook launched Facebook Pay, a service that allows users across its platforms to make payments without exiting the app. Google already offers a digital wallet called Google Pay. They're just the latest moves by Silicon Valley heavyweights to move into a financial industry that is awash with rich user data. Reuters banking reporter Imani Moise: SOUNDBITE: REUTERS BANKING REPORTER IMANI MOISE (ENGLISH) SAYING: "I think what they're really after is just insights into where consumers are really spending their money. Because you can survey consumers, you could see what they like on social media, but at the end of the day, what matters most to advertising clients is how they're spending their money." Apple launched a credit card last summer in conjunction with Goldman Sachs. Facebook plans to launch a digital coin called "Libra." But Facebook's crypotocurrency plans has raised concerns from global regulators, who are worried about how the tech titans will use their digital influence in the arenas of business and economic infrastructure. Google told the Wall Street Journal it will not sell the financial data of its checking account users.