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Business

“The potential investor upside of a Google breakup — if John Rockefeller is any guide”

“… John Rockefeller’s Standard Oil more than a century ago. The empire that controlled nearly all US oil production during America’s industrial revolution had to split into 34 smaller companies after the Supreme Court in 1911 sided with the Justice Department in an… Continue Reading…

Business

“Google agrees to America’s first newsroom funding deal. It’s already unpopular.”

“…Google has brokered a first-in-the-nation deal with California lawmakers to direct millions of dollars to local newsrooms, the latest in a series of global efforts to require tech companies to support the journalism they profit from…” https://www.politico.com/news/2024/08/21/google-california-newsroom-ai-00174817 Now this is… Continue Reading…

Business

“U.S. considers a rare antitrust move: breaking up Google”

“A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations…”… Continue Reading…

Stocks

“Google shares pop 5% after company announces Gemini AI model”

“Shares of Google closed up 5% Thursday, a day after the company announced its latest artificial intelligence model called Gemini that will compete with products from OpenAI, Microsoft and Meta. The stock is on pace for its best day since Aug. 29. Wells Fargo’s trading desk said… Continue Reading…

Business

“Justice Department sues Google over dominance in online advertising”

“The lawsuit, the second federal case pending against the search giant, alleges that the company’s core ad business should be broken up because Google allegedly used its dominant position in the online ad industry to box out competitors. By neutralizing… Continue Reading…

Business

“Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined”

“The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the U.S. Defense Department’s effort to rely on… Continue Reading…

Business, Stocks

“Alphabet Could Scale to Fresh Record High on Upbeat Q2 Earnings; Target Price $3,000”

“The parent of Google and the world’s largest search engine that dominates internet search activity globally, Alphabet, is expected to report its second-quarter earnings of $19.33 per share, which represents year-over-year growth of about 90% from $10.13 per share seen in the same… Continue Reading…

Stocks

“These Are The 5 Best Stocks To Buy And Watch Now”

“…Google parent Alphabet (GOOGL), CarMax (KMX), Regal Beloit (RBC), Westlake Chemical (WLK) and Applied Materials (AMAT) are prime candidates… Now is a good time to get back into the market, but caution should be exercised. While the market uptrend has resumed, the stock market has just had a modestly down week.… Continue Reading…

Stocks

“Tesla stock is now pricier than shares of Google’s Alphabet”

“Tesla Inc. TSLA, 0.68% shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc. GOOG, -1.42% GOOGL, -1.45% and Priceline.com’s Booking Holdings Inc. BKNG, -1.49%. The stock’s one-day gain is its best since a 16% jump in March. The rally… Continue Reading…

Economy

“Google will invest $10 billion in India over the next few years”

“Google is planning to invest $10 billion in India as part of plans to make the internet “affordable and useful” for a billion people. CEO Sundar Pichai announced the investment via livestream on Monday at the annual Google (GOOGL) for India event. “This is a reflection of our confidence… Continue Reading…