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1.GOOGLE- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that it was not commercially viable. Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherousRead More
Asian shares eased from record highs on Friday as investors took some money off the table after a recent rally that was driven by hopes a massive U.S. economic stimulus plan by incoming President Joe Biden will help temper the COVID-19 impact. “The markets had such a strong run yesterday after the presidential inauguration inRead More
Tesla (NASDAQ: TSLA) Inc’s vehicle registrations in the U.S. state of California jumped nearly 63% during the fourth quarter compared with last year, largely due to the success of the company’s Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data. The automaker reported better-than-expected 2020 vehicle deliveriesRead More
1.GOOGLE- EU antitrust regulators have sought information from advertisers regarding Google advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google, the world’s largest online search engine, has been hit with fines totalling 8.25 billion euros ($10 billion) in the last three years for blocking rivals in online shopping, Android smartphones and onlineRead More
Europe Inc’s fourth-quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook. Boosted by COVID-19 vaccine roll-outs and massive fiscal and monetary stimulus, European stocks have rallied more than 50% since the MarchRead More
Asian stocks rose to new record highs on Thursday, tracking U.S. markets as investors hoped for more economic stimulus from newly inaugurated U.S. President Joe Biden to offset damage wreaked by the COVID-19 pandemic. Republicans in the U.S. Congress have indicated they are willing to work with the new president on his administration’s top priority,Read More