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Morning Brief: Top Stories Dominating Financial Media on Friday, March 11
12:49pm, Friday, 11'th Mar 2022 Benzinga
CNBC EU, UK Launches Antitrust Investigations On Google, Meta EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) unit Google and Facebook parent Meta Platforms Inc (NASDAQ: FB ) over a 2018 ad deal, CNBC reports. Meta’s non-exclusive bidding agreement with Google and the similar contracts with other bidding platforms have helped increase competition for ad placements, Meta admitted. Reuters US, G7 Allies To Revoke Russia’s ‘Most Favored Nation’ Status The U.S., along with the Group of Seven nations and the European Union, will move to revoke Russia’s “most favored nation” status over its invasion of Ukraine, Reuters reported, citing multiple people familiar with the situation stated. U.S. President Joe Biden will announce the plans at the White House at 10:15 a.m. EST on Friday, March 11, the report cited an unidentified source. Toyota To Cut Production Over Chip Crunch Toyota (NYSE: TM ) plans to reduce domestic production by about 20% in April, about 10% in May, and about 5% in June from an earlier production plan, the report noted.
EU, UK antitrust bodies probe Alphabet, Meta ‘Jedi Blue’ ad deal
12:24pm, Friday, 11'th Mar 2022 Al Jazeera
The 2018 online display advertising deal may thwart rivals and disadvantage publishers, the EU authorities say.
EU launches probe into Google-Facebook’s advertising deal
09:58am, Friday, 11'th Mar 2022 PageOne Nigeria
EU antitrust regulators has opened on an investigation into Alphabet… The post EU launches probe into Google-Facebook’s advertising deal appeared first on PageOne .
Facebook, Google defend advertising deal investigated by EU, UK watchdogs
09:33am, Friday, 11'th Mar 2022 Channel NewsAsia
BRUSSELS : Facebook and Alphabet unit Google on Friday defended their online advertising deal after EU and UK antitrust authorities launched investigations into the agreement that Google codenamed Jedi Blue."The allegations made about this agreement are false. This is a publicly documented, procompetitive
Whitehead: The Rise Of Global Fascism And The End Of The World As We Know It
05:00am, Friday, 11'th Mar 2022 Zero Hedge
Whitehead: The Rise Of Global Fascism And The End Of The World As We Know It Authored by John W. Whitehead & Nisha Whitehead via The Rutherford Institute, “This is the way the world ends Not with a bang but a whimper.” - “ The Hollow Men ,” T.S. Eliot Barely three years into the 2020s, and we seem to be living out the prophesies of the Book of Revelation with its dire warnings about plague, poverty, hatred and war. Just as the government hysteria over the COVID-19 pandemic appears to be dying down, new threats have arisen to occupy our attention and fuel our fears: food shortages, spiking inflation, rocketing gas prices, and a Ukraine-Russia conflict that threatens to bring about a world war. Is this the end of the world as we know it? Or is this the beginning of the end of the world? Will the world end with a bang or will it end, as T.S. Eliot concludes, with a whimper ? Robert Frost, torn between a vision of the world ending in fire (the hot flame of violence, anger and greed) or ice (the cold burn of hatred), suggests that either would suffice to do the job .
Technology Stocks to Move Lower: Short trading strategies
03:35am, Friday, 11'th Mar 2022 FXStreet
US Stocks Market Summary ELLIOTT WAVE ANALYSIS Tesla (TSLA) Amazon (AMZN) Apple (AAPL) Alphabet (GOOGL) Facebook (FB) Meta Platforms (META) Microsoft …
7 Companies Owned by Google''s Parent Company Alphabet (GOOGL),
11:48pm, Thursday, 10'th Mar 2022 Investopedia
YouTube, Waze, DoubleClick, Nest, Looker, Fitbit, and Mandiant are major companies owned by Alphabet.
Google fends off Genius appeal in lawsuit over song lyrics
10:29pm, Thursday, 10'th Mar 2022 Reuters
Alphabet Inc''s Google on Thursday again beat back a lawsuit saying it misused song lyrics transcribed by popular lyric site Genius, persuading a U.S. appeals court to reject Genius'' claims.
Stock Market Today: Stock Selloff Resumes After Sizzling Inflation Update
09:25pm, Thursday, 10'th Mar 2022 Kiplinger
Markets resumed their selloff today after cabinet-level talks between Ukraine and Russia failed to result in any progress toward a diplomatic solution to end the conflict between the two countries. Investors were also treated to the latest inflation update, which came in red-hot once again. Specifically, the Labor Department said its consumer price index (CPI) – which measures the cost consumers pay for goods and services – rose at an annual rate of 7.9% in February, the quickest year-over-year (YoY) increase since January 1982. SEE MORE 14 Commodity ETFs to Ease Inflation Worries "Notable increases came from food and energy, which increased 7.9% and 25.6% [YoY], respectively," says Peter Essele, head of portfolio management for Commonwealth Financial Network. However, "Gains were seen across the board, including the shelter component of CPI that typically makes up one-third of household budgets," Essele adds. Core CPI, which excludes the volatile food and energy sectors, was up 6.4% from the year prior.
Could Roblox Be Coming To PlayStation 5? New Job Posting Suggests ''Yes''
08:45pm, Thursday, 10'th Mar 2022 Benzinga
One of the most popular games on computers and mobile devices could see increasing engagement on consoles soon if a job posting leads to the expansion of the franchise. What Happened: A job posting from Roblox Corp (NYSE: RBLX ) is picking up steam across technology sites as it could mean the hit game could soon be added to PlayStation 4 and PlayStation 5 consoles from Sony Group Corp (NYSE: SONY ). Roblox is a free-to-play game that was launched in 2006 for the PC and was later added to mobile phones using the Apple Inc (NASDAQ: AAPL ) iOS store and Google Play store from Alphabet Inc (NASDAQ: GOOG )(NASDAQ: GOOGL ) in 2012 and 2014, respectively. The game is also playable on the Xbox One console from Microsoft Corporation (NASDAQ: MSFT ). It was added in 2015. To date, the game has remained absent from Nintendo and Sony consoles. A … Full story available on Benzinga.com
Amazon''s Stock Split Follows Alphabet''s. Here''s Who''s Next.
08:31pm, Thursday, 10'th Mar 2022 Barron''s
Bank of America data show that about 15% of the S&P 500’s market cap is in stocks that trade for at least $500---a level that could be high enough to make a split worthwhile.
''Obi-Wan Kenobi'' Trailer Hits 7M Views In First Day: What Could That Mean For Disney+?
07:44pm, Thursday, 10'th Mar 2022 Benzinga
A highly anticipated series set in the Star Wars universe is set to hit Disney+ in May. A trailer for the show had impressive views in its first 24 hours, which could signal the demand and anticipation for the show. What Happened: Walt Disney Co (NYSE: DIS ) released the first teaser trailer for “Obi-Wan Kenobi” on Wednesday. The trailer has 7.4 million views and is the number one trending video on YouTube , a video platform owned by Alphabet Inc (NASDAQ: GOOG )(NASDAQ: GOOGL ). “Obi-Wan Kenobi” will be released on the streaming platform on May 25, 2022. As previously reported, the release date surprised some as it was not May 4, known as a Star Wars holiday for the popular tagline, “May the force be with you.” May 25 is an important day in Star Wars history as it marks the 45th anniversary of the release of “Star Wars IV: A New Hope,” the first Star Wars feature film. “Return of … Full story available on Benzinga.com
Telecom (NASDAQ:GOOG)
05:38pm, Thursday, 10'th Mar 2022 Seeking Alpha
Incumbent British telecom BT (BTGOF) has signed a five-year deal to move its data to Google Cloud ([[GOOG]] -1.7%, [[GOOGL]] -1.7%)
Amazon Stock Split Puts It in Play to Join the Dow
05:22pm, Thursday, 10'th Mar 2022 Kiplinger
Shares in Amazon.com ( AMZN , $2,785.58) popped at Thursday''s opening bell in an otherwise down market after the e-commerce colossus said it would effect a 20-for-1 stock split and buy back up to $10 billion of its shares. The Amazon stock split will be the fourth in the company’s history, and it follows on the heels of Google parent Alphabet''s ( GOOGL ) own 20-for-1 split announced in February . SEE MORE 15 Stock Picks That Billionaires Love And just as with Google''s move, Amazon''s stock split could open the door for its inclusion in the elite Dow Jones Industrial Average one day. The Details on the Amazon Stock Split and Buybacks Amazon, which announced the stock split late Wednesday, will give each shareholder 19 additional shares for each share held (pending shareholder approval, of course) on June 3. The company said AMZN stock will begin trading on a post-split basis on June 6. Based on current levels, shares would go for just under $140 apiece following the Amazon stock split. That should make AMZN shares more attractive to retail investors currently put off by the four-figure sticker price of more than $2,900. "This split would give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest in the company," an Amazon spokesperson said.
Amazon and Alphabet could give the Dow a 21st century facelift
04:11pm, Thursday, 10'th Mar 2022 CNN
Amazon and Google owner Alphabet are two of the most dominant companies on Earth. Each is worth more than $1 trillion and is a leader in multiple industries. But neither stock is a member of Wall Street''s most exclusive club: the Dow Jones Industrial Average. That may soon change.
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