After yesterday’s big-tech antitrust hearing, Alphabet (NASDAQ: GOOG/GOOGL), the parent of Google, reported second quarter 2020 earnings results today. Alphabet’s earnings and revenue dropped from the prior-year quarter. However, both the bottom and topline numbers beat the market’s estimates.
Advertising revenue declined 8% year-over-year to $29.9 billion in the second quarter. Search & Other revenue dropped 10% or $2.3 billion to $21.3 billion.
Alphabet shares were trading up about 1% in the after-market hours.
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 2% in afternoon hours on Friday. The stock has gained 35% over the past three months. The company reported better-than-expected
The biggest stimulus package of all time, which was meant to boost consumption has actually led to more deposits, inflating the size of banks’ balance sheets. A working paper shows