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Stocks Dip Following Alphabet and Microsoft Earnings

Stocks declined on Wednesday after Microsoft and Google's parent company Alphabet released mixed earnings results. The S&P 500 slipped by 0.6% and the tech-heavy Nasdaq Composite declined by over 1%. The Dow Jones Industrial Average, in contrast, gained 0.2%. Following the latest corporate earnings,...

Alphabet Beats Revenue and Earnings Estimates in Q1

Google’s parent company Alphabet reported its first-quarter earnings on Tuesday, delivering results that topped analysts’ expectations. The company previously failed to beat estimates for four straight quarters. Alphabet’s revenue in Q1 came at $69.79 billion, a 3% increase from the year prior, compared to the...

Google Stocks Slide Amid Report That Samsung May Opt for Bing

Stocks in Google's parent company Alphabet Inc. fell by 4.5% in premarket trading on Monday, marking its largest single-day decline in over two months. This comes after reports that Samsung may decide to replace Google with Bing as the default search engine on its...

Google Parent Company to Lay Off 12,000 Workers

Google parent company Alphabet Inc announced on Friday its decision to lay off 12,000 of its workers following a shift in strategies and priorities. The company is now looking to boost its reliance on Artificial Intelligence (AI) technology. Alphabet shares rose almost 4% in...

Alphabet Shares Jump Despite Q2 Misses

Alphabet, the parent company of Google, missed on Wall Street's revenue and earnings estimates in the second quarter but saw its shares jump 4% in after-hours trading regardless. This is likely a result of positive ad revenue in a challenging environment for digital advertisement.  The...

Alphabet Shares See Several Ups and Downs After Stock Split Takes Effect

Alphabet's long-anticipated 20-1 stock split took effect on Monday, resulting in a short-term shares spike for the Google parent company. Alphabet Class A stock (GOOGL) had a split-adjusted $111.78 close on Friday before surging to $113.68 per share at one point on Monday morning. The...