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Headlines

Alphabet shares fall 7% on revenue miss, heightened AI investments newsthirst.

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped…

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Homebuyer mortgage demand drops further, a troubling sign for the spring market newsthirst.

Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images Homebuyers are seeing very little reason to get a jump on the all-important spring housing market, even with more listings coming up for sale. Mortgage rates haven’t moved much in the last few weeks, and home prices continue…

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Apple shares fall after China reportedly considers probe into App Store newsthirst.

Apple shares fell on Wednesday after Bloomberg reported that Chinese regulators are considering whether to open a formal probe into the iPhone giant’s App Store fees and policies. Shares of Apple were down 2.66% at 09:34 a.m. London time in premarket trading. The State Administration for Market Regulation (SAMR) is looking into policies that include…

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Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds newsthirst.

Philip Jefferson speaks during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, D.C., U.S., on Feb. 3, 2022. The U.S. Senate on Wednesday voted overwhelmingly to confirm Philip Jefferson, an economist and Davidson College’s dean of faculty, to the Federal Reserve Board. Ken Cedeno | Bloomberg | Getty Images EASTON, Pa….

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Spotify shares pop 13% after company reports first profitable year newsthirst.

Spotify’s Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024. Laure Andrillon | Reuters Spotify shares climbed 13% on Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with…

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