1,116.77 +12.26 (1.11%)
Pre-Market: 7:00AM EDT
|Bid||1,115.16 x 1300|
|Ask||1,119.00 x 800|
|Day's Range||1,096.03 - 1,109.43|
|52 Week Range||977.66 - 1,296.97|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||27.71|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,336.80|
Bank of America CEO Brian Moynihan said his firm has “more to gain than anybody” from the booming trend of non-cash transactions.
Lenovo's and Google's new Smart Clock makes getting up in the morning a little less awful.
Google plans to assist with the growing San Francisco Bay Area housing crisis. CEO Sundar Pichai announced the tech giant is investing one billion dollars into housing for the area. Google also pledged to add 20,000 homes to the region over the next ten years. Yahoo Finance's Adam Shapiro and Julie Hyman discuss with the panel.
We can argue about the merits and flaws of Chromebooks all day long, but onething is clear: They've found a strong foothold in the education market
are pondering making significant changes to the company's approach to children's content on its massive YouTube platform, including potentially shifting all of its children's videos into the stand-alone YouTube Kids app, The Wall Street Journal reported. Citing people briefed on the discussions, the Journal reported that Google executives are debating the move to better protect young viewers from objectionable videos.
Facebook Inc. and Apple Inc. are most at risk if government regulators are serious about pursuing antitrust actions against Big Tech.
Google parent Alphabet Inc. faced a wave of critical proposals from activists and employees during its annual shareholder meeting Wednesday, including one to split up the internet search and ad-selling giant before regulators break it into pieces.
U.S. stock futures rose sharply on Thursday and global stocks charged higher amid signals of lower interest rates from the Federal Reserve. Fed Chairman Jerome Powell and his colleagues on the Federal Open Market Committee dropped a reference that they would be "patient" in monitoring incoming data in a statement Wednesday, following the central bank's decision to hold interest rates steady. The Fed instead said it would act "as appropriate" in order to sustain an economic expansion of nearly 10 years.
Slack, the enterprise messaging tool that lets business colleagues trade words, work on projects together, share links and other things in real time, has come a very long way since launching in August 2013. After selling photo-sharing app Flickr to Yahoo in 2005, Canadian entrepreneur Stewart Butterfield started a new company with the intention of building a game. Years later Butterfield and his team realized that a chat app they had been building on the side showed great potential as an alternative to email and decided to focus on that instead.
DETROIT/PARIS (Reuters) - French automaker Renault SA, its Japanese partner Nissan Motor Co and tech giant Alphabet Inc's Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday. In Japan, a potential competitor to a Renault-Nissan-Waymo venture would be Monet Technologies, a self-driving project involving Toyota Motor Corp and Honda Motor Co and backed by SoftBank Group Corp. SoftBank and Honda also have invested in General Motors Co's Cruise self-driving car unit.
Renault and Nissan have signed an exclusive deal with Waymo to develop self-driving transport services in Paris and Japan, in a show of unity for the shaky alliance between the two carmakers. The trio will develop services for transporting people and goods using Waymo’s self-driving technology that is currently being trialled in the US, incorporated into their vehicles. The FT reported on Wednesday that several key business divisions of the alliance have been dissolved as the two businesses drift further apart, undoing work by former leader Carlos Ghosn to try to make the alliance “irreversible”.
(Bloomberg) -- Waymo LLC agreed to explore driverless services with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., pairing a leader in self-driving technology with the world’s largest automotive alliance.The three carmakers and Alphabet Inc.’s autonomous-vehicle unit will study market opportunities and research legal and safety issues related to driverless transportation services in France and Japan, the companies said in a statement Thursday. The deal doesn’t extend to cooperation producing robo-vehicles.“We’re convinced that with this added expertise, we’ll be able to position ourselves for autonomous services that are viable for customers,” Hadi Zablit, senior vice president for business development at the Renault-Nissan-Mitsubishi alliance, told reporters in Paris. When it comes to implementation, the three automakers won’t necessarily offer services in common with Waymo, he said.The French-Japanese alliance produced more than 10 million vehicles last year — on a par with the biggest carmakers: Volkswagen AG and Toyota Motor Corp. Unlike Waymo’s previously announced deals with Fiat Chrysler Automobiles NV and Tata Motors Ltd.’s Jaguar Land Rover, the partnership with Renault-Nissan-Mitsubishi doesn’t include supplying any cars.Waymo’s parent company, Alphabet, struck a separate deal with the three-way partnership last September, giving its Google Android operating system access to their vehicle dashboards starting in 2021.The new agreement marks a first step toward developing long-term, profitable driverless-vehicle services for passengers and deliveries, the companies said. While the analysis will take place first in France and Japan, they said it may expand to other markets — excluding China — in the future.Zablit sees deployment of the new mobility services in less than 10 years.For Renault and Nissan, working with Waymo brings expertise as the race to develop autonomous vehicles heats up. It also shows the French and Japanese manufacturers continue to collaborate on key strategic matters, even after their two-decade partnership was shaken by the arrest in November of former leader Carlos Ghosn in Japan over alleged financial improprieties.Tensions escalated after Renault pursued a combination with Fiat without initially telling its Japanese partners. Those merger talks have since ended.To contact the reporter on this story: Ania Nussbaum in Paris at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Frank Connelly, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Square stock is down roughly 3.5% over the last three months as investors decide what's next for the once high-flying financial tech giant.
(Bloomberg) -- Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing.Revenue increased 1.1% to $11.1 billion in the period ended May 31 from a year earlier, the Redwood City, California-based company said Wednesday in a statement. Analysts, on average, projected $10.9 billion, according to data compiled by Bloomberg. Oracle said sales will grow as much as 2% in the current period.Chief Executive Officers Safra Catz and Mark Hurd have sought to maintain Oracle’s large customer base as the company competes with a dizzying number of rivals in the cloud-computing space. The software maker’s stumbles against Amazon.com Inc. and others have spurred the company to seek help from unlikely sources. Earlier this month, Oracle announced an alliance with longtime rival Microsoft Corp., letting customers use their respective clouds.The period marked Oracle’s first year-over-year increase in total revenue since the fiscal first quarter.Oracle shares jumped about 5% in extended trading after closing at $52.68 in New York. The stock has gained 17% this year.Profit, excluding some expenses, will be 80 cents to 82 cents a share in the period that ends in August, Catz said on a conference call. The forecast is in line with Wall Street’s average estimate of 81 cents. Oracle reported an adjusted profit of $1.16 a share in the fiscal fourth quarter, compared with estimates of $1.07 a share.Pat Walravens, an analyst at JMP Securities, said Oracle’s sales and profit outlook brought relief to concerned investors.“These are small numbers but we seem to be making some progress,’’ Walravens said in an interview. “Oracle is doing a nice job on the applications side, but on the infrastructure side you’re competing against Microsoft, Amazon Web Services and the Google Cloud. That remains highly competitive.’’Larry Ellison, Oracle’s billionaire co-founder and executive chairman, said some corporate applications for the cloud are finally boosting overall growth, even as product lines like the company’s data-broker business declined.“We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”Cloud license and on-premise license sales increased 12% to $2.52 billion, suggesting that Oracle is doing a better job of signing on new customers. The company said that revenue from NetSuite grew 32%, and Fusion HR and financial suites gained by the same amount. Hurd has been keen to chase growth by selling apps and set a target for attaining 50% market share to best rival SAP SE.Revenue from cloud services and license support was unchanged at $6.8 billion in the quarter, Oracle said. While that metric includes revenue from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ servers. The unit accounted for more than 60% of total revenue.Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems.Oracle has been firing workers around the world to cut expenses. The company’s adjusted operating margin reached 47%, the highest in five years. The company’s costs related to restructuring also doubled to $168 million in the quarter compared with a year earlier.The deal between Oracle and Microsoft will allow mutual customers to connect databases on Oracle’s cloud to applications on Microsoft’s Azure cloud. The agreement signified a concession by Oracle that it won’t be able to compete against Amazon Web Services alone. AWS offers cheaper versions of the databases that make up Oracle’s core business.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Google workers, shareholders and activists used the annual meeting of parent Alphabet Inc. to protest a range of issues, including contractor rights, the tech giant’s business in China and the absenteeism of Alphabet Chief Executive Officer Larry Page.Shareholders filed proposals asking Alphabet management to scrap non-compete agreements, claw back compensation from executives who were found to have harassed employees and put an employee representative on its board.Several activist groups, sometimes in conjunction with Google employees, protested outside the meeting and at company offices around the world. Topics include diversity, ethics around product launches, housing affordability and working conditions for temporary and contract staff.About 30 protesters, including Google workers and outside activists, gathered outside the event holding signs that read "Not OK Google" and "Google creates homelessness." Tibetan, Uighur and Chinese rights activists called on Google management to clearly confirm the company will not re-establish business relations with China, citing what they said is the government’s mass surveillance and human-rights abuses.Google CEO Sundar Pichai said the company’s huge scale comes with a “deep sense of responsibility to create things that improve people’s lives” and benefit society as a whole. Executive Chairman John Hennessy said Alphabet’s board of directors is making sure the company focuses on diversity, sustainability and societal impact. “We are deeply committed to do the right thing on these issues,” he said.The meeting is the latest flare-up in a roughly two-year effort by some Google employees and outside activists to push the company to be more accountable to workers, stockholders and the communities where it operates.Listen to a Google insider’s account of the protests from Bloomberg’s Decrypted podcast.Google has a famously open work culture, where employees of all levels are encouraged to speak their mind and suggest changes to company policy. That’s created some headaches for the tech giant. Google shelved a plan to build a censored search engine for China after news of the project leaked and employees rebelled against it. The company also stepped back from one military contract and stopped forcing employees to sign away their right to bring claims against it in court.Google’s critics only have so much power though. Shareholder proposals like the ones advanced at the annual meeting are almost always rejected because the company’s founders control the majority of the votes through special shares.“I was wondering where the CEO of Alphabet is. Year after year there’s no CEO here. It’s a glaring omission,” especially for someone with such a large stake in the company, one shareholder said during the meeting. Page and Google co-founder Sergey Brin control Alphabet through special voting shares, but they have stopped showing up at annual meetings in recent years.Chief Legal Officer Kent Walker responded, saying Page wasn’t able to attend this year. He has attended every board meeting, Walker said.The shareholder replied that the annual meeting is the only time investors have a chance to ask the CEO questions directly.Marie Collins, a Google employee who has worked there for about six years, said the company lacks accountability, citing Page and Brin’s absence as part of the problem. The executives rarely attend companywide employee meetings anymore, she added. Google used to have a good relationship with employees, but that changed about a year ago, Collins said.Google engineer Irene Knapp spoke in favor of a proposal to tie executive compensation to the company’s progress on diversity and inclusion. Knapp cited research by the group AI Now showing that bias in artificial intelligence technology is related to the lack of diversity in the industry.Other Google employees spoke in favor of proposals on adding a worker representative to the board and a call for a report on the impact of Google’s Dragonfly Chinese search project.While Ruth Porat, Google’s chief financial officer, spoke about autonomous vehicle technology, protesters outside the building chanted and shouted through loud speakers.“Alphabet sits at an inflection point,” facing antitrust investigations and other issues, one employee said, in support of the proposal to add a worker representative to the board. “It cannot afford to ignore the storm brewing.”(Updates with Google employee comments in 13th paragraph.)To contact the reporters on this story: Alistair Barr in San Francisco at firstname.lastname@example.org;Gerrit De Vynck in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Federal Trade Commission is in the late stages of an investigation into how YouTube handles children’s videos, a probe prompted by complaints that the company failed to protect kids who used the service and improperly collected their data.
The app will offer crisis navigation warnings and provide detailed visual information about hurricanes, tornadoes, and earthquakes.
Silicon Valley companies face blame for the high costs of housing in the San Francisco Bay Area. Now tech giant Google has pledged $1 billion to help ease the growing housing crisis in the area. CNET senior producer Dan Patterson joins CBSN with more.