Alphabet misses profit expectations as ad revenue tumbles

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Google’s parent company Alphabet (GOOG, GOOGL) reported fourth-quarter results after the bell on Thursday, falling short of expectations for revenue and earnings per share as advertising fell year-over-year. Here are the most important numbers from the report, compared to what Wall Street expected, as compiled by Bloomberg. Alphabet shares fell 4.2% immediately after the report. …

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Tech stock meltdown puts the Nasdaq-100 on the verge of breaking out of the bear market

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A “meltdown” in tech stocks put the Nasdaq-100 index on course to break out of bear market territory on Thursday. The NDX index, +2.94%, heavily weighted towards megacap names, rose 2.9% to 12,727 on Thursday afternoon and traded as high as 12,880.98. A close at 12,815.21 or above would mark a 20% rise from its …

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Gig companies are now obsessed with profits, not just revenue growth, an analyst says.

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For years, gig economy businesses grew at a breakneck pace, racking up losses in the hope that profits would one day roll in. But now these companies are focusing on profitability rather than growth, says Michael Morton, senior research analyst for Internet stocks at MoffettNathanson. “These companies are coming of age. Not where they don’t …

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Kind Snacks founder Daniel Lubetzky made a $220 million mistake – it turned his startup into a $5 billion company

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This story is part CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what made them take the leap into the unknown. The first time Daniel Lubetzky accepted a major investment for Kind Snacks, he made a huge mistake. Today, …

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Penn’s sports betting business posts head-turning fourth-quarter profit

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In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is …

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3 mistakes not to make with your retirement savings, from people who are already retired

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Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Saving for retirement is a daunting task that requires years of planning, …

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Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

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On this week’s episode of Market Talks, Cointelegraph hosts Budd White, Chief Product Officer and Co-Founder of Tacen – a US-based software company developing compliance software for a well-regulated crypto space. To begin, we get to know White better and learn about his background and what drew him to space. We also find out what …

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