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Alphabet's Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine.
Live Updates Live Coverage Has Ended President Trump on Tariffs 1:03 pm by Gerelyn Terzo President Trump has delivered an update on tariff details. He said that the Aug. 1 deadline is a clarification, not a delay, while also commenting that some trade partners will be getting letters establishing tariff rates as high as 70%-80%. President Trump also acknowledged that trade talks with the EU were going swimmingly. The Nasdaq Composite has trimmed its gains to 0.12% on the day. TSLA: Worse Before It Gets Better 11:35 am by Gerelyn Terzo Morgan Stanley analyst Adam Jonas believes conditions could worsen for EV leader Tesla (Nasdaq: TSLA) before they improve due to CEO Elon Musk’s political leanings. TSLA shares are recouping some lost ground and are up 2.8% but remain down a steep 25% year-to-date. Bullish on Tech 10:15 am by Gerelyn Terzo Wells Fargo analysts are busy making calls on the tech industry today. Wells Fargo lifted its price target on Meta Platforms (Nasdaq: META) by $1
CNBC's Steve Kovach reports on Samsung's latest technology announcements, including new AI features, its next folding smartphone and more.
Alpahbet's discounted valuation at FWD P/E of 18x is mind-blowing, despite its increasingly dominant positions in AI, streaming, cloud, and robo-taxi, amongst others. This is especially since Gemini is reporting accelerating user growth compared to OpenAI's ChatGPT, with it well supported by Alphabet's robust cash flows and rich balance sheet. The same has been observed in its highly profitable YouTube and Google Cloud segments, as their respective market shares grow compared to their stagnant peers.
With the stock market at new all-time highs, investors may be a bit wary of buying stocks right now. While there are a few stocks that I'd agree probably aren't the best buys right now, there are others that look like excellent investments.
The search giant and its parent Alphabet face challenges that have pressured shares, but none is existential.
Google's AI investments are primarily in technical infrastructure, Google APAC head of AI and emerging tech policy Eunice Huang said on Wednesday.
In the most recent trading session, Alphabet Inc. (GOOG) closed at $175.16, indicating a -1.35% shift from the previous trading day.
In the closing of the recent trading day, Alphabet (GOOGL) stood at $174.36, denoting a -1.37% move from the preceding trading day.
As we enter a new earnings season, there are several reasons for optimism about the economy. However, potential headwinds remain, causing some investors to focus on what could happen rather than what will or won't happen.