... battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter.
-parent rose 12.4% after it reported a stronger than expected profit and the social-networking site eked out user growth.... ... of the 11 major
500 sectors advanced in early trading, leading to gains in technology and communication services.
Apple Inc, the world's most valuable company, and e-commerce giant
gained 1.9% and 2.1% ahead of their earnings later ...
... growth of 15.6%. Both estimates were revised up from previous expectations.
This is the fastest-growing year in the advertising industry, according to Wieser at the
conference on Monday.
Growth has been a boon for Alphabet, Meta and Amazon.com Inc., major sellers of digital ads, and now account for more than half of advertising spending outside of
, an increase from close to 40% in 2019, GroupM said.
It comes as Alphabet and Meta, the company formerly known as
, are facing antitrust investigations in the
The success of retailers like
, Target and
has led to the success of their advertising sales businesses by using their shopper data to target more customers....
New York Stock Exchange
to adopt a vaccination policy on Wednesday as a result of the resurgence of COVID cases in
the United States
due to the
In recent weeks, major companies including Alphabet Inc.'s
Uber Technologies Inc
said all employees must get vaccinated to step into offices after new guidance from the
U.S. Centers for Disease Control and Prevention
that requires fully vaccinated individuals to wear masks.
said in an internal note obtained ...
... because of traditional corporate profits and corporate optimism, said Sam Stovall, Chief Investment Strategist at
Analysts now expect S&P 500 earnings to show a 32.4% increase from a year ago, according to
Tech firms including
rose between 0.2% and 0.5%.
rose 0.1% to beat its quarterly results later in the day.
Procter Gamble Co fell 1.8% as it warned that higher commodity and freight costs would take a bigger ...
... Twitter s board to consider other acquisitions in addition to Musk's as part of its fiduciary duty, as part of Musk's gambit.
That could put Twitter in play for another corporate suit, possibly Google parent Alphabet Inc.
AMZN, Facebook parent
Meta Platforms Inc. FB
, or a media conglomerate like Comcast Corp. CMCSA.
The FTC is currently in a legal battle with Facebook over its purchases of Instagram a decade ago and WhatsApp in 2014.
Bhaskar Chakravorti, the dean of global ...
... Oct 22 dragging down other ad-dependent tech firms after the photo messaging app owner warned of a prolonged hit from Apple Inc's privacy changes on iOS devices.
Snap shares were down nearly 20 per cent at US $60.8 before the bell, on track to open at ... ... Morgan analyst, said in a note.
Anmuth expects the near-term impact of the privacy changes to be more acute for Snap than for
, Alphabet or
. The brokerage estimates at least two-thirds of Snap's fourth quarter revenue will be shaved ...
... for ways to cut costs and that it is slowing its hiring pace for the year.
After a rollercoaster ride last week, Snap's shares plunged more than 30% in after-hours trading, and the stocks of other internet and social-media companies fell.
GOOGL fell 3.6%, Facebook parent
Meta Platforms Inc. FB
PINS fell 12%, and Twitter Inc. TWTR lost an additional 3.7% after
claimed his deal to buy the company was on hold.
Mirror said Snap, like many other businesses, was dealing with ...
... community. The strength of our core business has enabled us to speed up our investments in augmented reality, transforming the way that the
community experiences the world through our camera. Snap was already feeling the pain of Meta Platform Inc. FB after
reported a meta-bust of a quarter on Wednesday. Snap's stock was up 23% in Thursday trading, to close at $24.51, a 52 week low, before rebounding in after-hours trading. Snap posted a net income of $22.6 million, or a penny a share, compared ...