The Latest Breaking News from Alphabet

Concern that an economic slowdown would lead to shrinking earnings from U.S. mega-cap technology stocks eased late Tuesday when Microsoft (MSFT ) and Alphabet (GOOGL ) reported better-than-expected quarterly profits and revenue. Those two earnings results were the first of the major technology and internet stocks to report this earnings...

The trucker blamed a decline in first-quarter sales on a slowing U.S. economy.

Google’s parent company reported a revenue of $69.8bn even as it races to implement cost-saving measures

Alphabet reported its Q1 2023 financial earnings on Tuesday. The company made over $69 billion in revenue following its mass layoffs.

Google stock dipped after Alphabet reported first-quarter results that topped estimates amid one-time expenses tied to cost-cutting.

The Dow Jones fell. Google and Microsoft earnings beat Wall Street views. First Republic Bank stock was hammered.

"We expect the broader markets to move back near record highs at some point in 2023, but it won't likely be because of Big Tech,” Sanders Morris Harris chairman George Ball said Tuesday.

Tesla stock, along with six other Big Techs, account for 86% of the S&P 500's 2023 performance. Meta surged on strong earnings.

After climbing by more than +77% this year, Meta Platforms (META ) may need a new catalyst to extend the rally. Meta Platforms posted an 11-month high earlier this month after implementing plans to cut costs and make the company more efficient. However, with the bulk of the cost-saving plans...