|Bid||1,203.97 x 800|
|Ask||1,204.27 x 900|
|Day's Range||1,197.10 - 1,205.00|
|52 Week Range||918.60 - 1,221.59|
|PE Ratio (TTM)||50.92|
|Earnings Date||Jul 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,283.29|
In a major market where Google's core services are banned, the tech giant has launched a doodle game that has gone viral.
Trump continues threat against European auto imports. Yahoo Finance's Seana Smith, Dan Roberts, Dion Rabouin and Ethan Wolff-Mann discuss.
Internet content giant Alphabet Inc. ( GOOGL) was fined a record $5.04 billion on July 18 by the European Union for illegal restrictions on Android smartphone manufacturers and mobile network operators. On Thursday, Goldman Sachs raised its price target for Alphabet and reiterated its high conviction rating for the company. Goldman's new price target is $1,350.00, way above my quarterly pivot of $1,229.05, which was nearly tested at the July 18 high of $1,221.59.
President Donald Trump's admission that he's "not thrilled" with the Federal Reserve's signalling on rate hikes could support the ongoing strength of so-called FAANG complex, which has been responsible for more than 80% of the S%P 500's year-to-date gains, as the country's biggest tech stocks race to become the trillion dollar company. The larger impact of the President's remarks, and the rare public intervention on central bank policy from the White House, might be seen in the so-called FAANG stocks, which can be sensitive to interest rate increases if they result in slowing consumer purchases of products such as Apple Inc. Bank of America Merrill Lynch, however, notes that "until investors fear the Fed there is little fear of FAANG stocks", given the fact that myriad central bank and government-led stimulus programs, including near-zero interest rates and billions in tax cuts, have only lifted 9 of the 45 MSCI country equity indices into higher year-to-date gains than can be found through risk-fee 3-month Treasury bills.
Twitter (TWTR) is set to release its second-quarter results after it recently rolled out strict advertising rules aimed at people or organizations purchasing political campaign ads on its platform. The company has also moved to make it easier for users to identify who is paying for the political ads they see on Twitter. Twitter’s updated advertising rules require purchasers of political ads to prove they are located in the United States before they can run these ads on Twitter’s platform.
Loon, a subsidiary of Google-parent company Alphabet, is to launch a pilot scheme bringing 4G access to remote areas of Kenya via high-altitude balloon. The venture is Loon's first commercial service in Africa. Kenya has a more developed IT system than other countries in the region, and its capital Nairobi is a growing technology hub, an expert in sub-Saharan Africa told CNBC.
For many people, Google is the internet. For 85 per cent of smartphone users that have Google's Android mobile operating system, the slew of apps that come pre-installed on the device are often owned by Google. This includes the popular Chrome web browser and Google search engine, meaning users are forced to download competing apps through the Google Play Store if they want to use them.
Alphabet Inc.'s Google ( GOOGL), the world’s leading internet giant, was penalized $5 billion this Wednesday on charges of abusing its dominant position its Android smartphone operating system enjoys in the market. The record fine was the maximum ever imposed on a technology company in the EU region.
The barrage of big tech earnings reports due out next week may overwhelm investors. After all, Alphabet GOOGL , Facebook FB and Amazon AMZN have a combined market cap of $2.27 trillion, and these stocks could see meaningful drops if they fail to impress Wall Street. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “ Trading Nation ” on Thursday what the options are implying for shares of Alphabet, Facebook and Amazon next week.
As Alphabet Inc. heads into earnings on Monday, the European Union’s $5.07 billion Android antitrust fine levied will ruin the company’s profits for the quarter.
As tech companies continue to dominate Wall Street, with four now standing alone with valuations of more than $800 billion, gigantic growth is priced in and expected. All the drama is in the forecasts.
As far as Alphabet Inc.’s Google is concerned, the EU taketh away but it giveth too. The first part of that was made clear this week when Brussels antitrust cops whacked the search giant with a 4.3 billion-euro ($5 billion) fine over its bundling of apps on the Android mobile operating system – a decision that might restrict the company’s access to the mobile browsing data that is its lifeblood. While that legislation was created to give consumers better control over how tech companies use their data, it may at the same time have strengthened Google and Facebook’s iron grip on the digital advertising market.
The content producer's share prices surged on Thursday after a pair of positive analyst reports. Here's what they said, and what this Fool thinks about them.
BRUSSELS—Fining Google $5 billion is one thing, making it stick is another. Google parent Alphabet Inc. said within hours Wednesday of the European Union decision that it would appeal the antitrust fine for abusing the dominance of Google’s Android operating system. Alphabet faces an uphill battle with its appeal—but maybe not an insurmountable one, say lawyers and legal scholars, citing a court ruling involving Intel Corp. last year.
WATCH: @emilychangtv breaks down today's hottest tech headlines #tictocnews - Trump bashes EU over Google $5.1B fine - Google's Fuchsia OS could replace Android - Softbank, Didi join forces (Source: Bloomberg)...
Tech companies and their workforces didn’t cause our problems, but years of breakneck growth has made many of them worse.
“If the Vietnamese government is coercing your companies to aid and abet censorship, this is an issue of concern that needs to be raised diplomatically and at the highest levels,” lawmakers said in the letter, Reuters reported. Facebook and Facebook-owned Instagram said they will more aggressively lock the accounts of users the firms suspect are younger than 13 years old, according to TechCrunch. The social media companies will freeze suspicious accounts and force users to offer proof, such as a government-issued photo ID, that they’re old enough to use the sites, TechCrunch reported.
President Donald Trump on Thursday stepped up his attack on the European Union and the media, as he still remained on the defensive over his meeting with Russian President Vladimir Putin.