Alphabet shares slide on disappointing Google ad revenue
Alphabet reported earnings after the bell. Here are the results.
IMF warns British government against more tax cuts
There is a need to put in place medium-term fiscal plans that will accommodate a significant increase in spending pressures, the IMF’s chief economist said.
Symptoms from excessive screen time cost the U.S. $73 billion a year, study finds
Nearly 70% of people working office jobs spend upward of seven hours a day watching screens, study finds.
Delivery Hero plunges to record low after selling stake in food delivery rival Deliveroo
The Deliveroo stake sale will fetch $97.4 million for Delivery Hero, less than a third of what it paid for the shares when it first bought them in 2021.
One activist investor is taking on BP, urging the oil giant to scale back green pledges
Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack.
IMF upgrades global growth forecast, citing U.S. resilience and policy support in China
The International Monetary Fund sees a reduced likelihood of a so-called hard landing, with inflation falling faster than expected.
Euro zone economy narrowly skirts recession, stagnates in fourth quarter
Eurostat released flash euro zone growth figures for the euro zone Tuesday.
Stocks are the ‘asset class of choice’ as markets are now used to bad news, strategist says
Stocks are still the “asset class of choice” even as geopolitical risks mount, says Beat Wittmann, partner at Porta Advisors.
World’s largest sovereign wealth fund posts record $213 billion profit, boosted by tech stocks
Norway’s sovereign wealth fund, the world’s largest, was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector.
HSBC fined $73 million for ‘serious failings’ in UK deposit protection
This is the second largest fine ever imposed by the PRA, topped only by an 87 million pound penalty on Credit Suisse in July 2023.
