• Google takes on AWS and Azure in India with Airtel cloud deal
    TechCrunch

    Google takes on AWS and Azure in India with Airtel cloud deal

    Google has inked a deal with India’s third-largest telecom operator as the American giant looks to grow its cloud customer base in the key overseas market that is increasingly emerging as a new cloud battleground for AWS and Microsoft . Google Cloud announced on Monday that the new partnership, effective starting today, enables Airtel to offer G Suite to small and medium-sized businesses as part of the telco’s ICT portfolio. Airtel, which has amassed over 325 million subscribers in India, said it currently serves 2,500 large businesses and over 500,000 small and medium-sized businesses and startups in the country.

  • Government run health care: A cost-saver or 'unfair competition'?
    Yahoo Finance

    Government run health care: A cost-saver or 'unfair competition'?

    Amid surging health care costs and acrimonious public debate, a new study found that a public-run system would save money over time.

  • Japan, U.S. lead survey's corporate climate change action 'A List'
    Reuters

    Japan, U.S. lead survey's corporate climate change action 'A List'

    BT , Danone , Microsoft and Sony are among 178 companies with top marks in the latest global ranking of transparency and action on climate change. Japan and the U.S. were the countries with the headquarters of the most 'A List' companies individually, while regionally, Europe as a bloc was home to the highest number. Companies are coming under pressure from customers and investors to step up efforts to help slow climate change in accordance with the 2015 Paris climate agreement to phase out greenhouse gas emissions by shifting away from fossil fuels.

  • BAE spends $2.2 billion to boost U.S. electronic systems business
    Reuters

    BAE spends $2.2 billion to boost U.S. electronic systems business

    British defence company BAE Systems is spending $2.2 billion to expand its U.S.-based electronic systems operations, buying two businesses being offloaded as a result of the merger of U.S. rivals Raytheon and United Technologies. BAE said the purchase of a military-focused GPS unit from Collins, part of United Technologies Corp (UTC) , and an airborne tactical radios unit owned by Raytheon were dependent on the closure of the pair's merger.

  • Market Exclusive

    Market Weekend: Microsoft Carbon Goals, Foxconn Fiat, Citigroup Pay Gap, Google To the Moon

    Microsoft Pledges Carbon Negativity Forget carbon neutral. That’s passé now, even though it hasn’t been achieved yet. Microsoft (NASDAQ:MSFT) is showing up its tech giant peers by pledging to be net carbon negative by 2030. To this end, it is investing $1 billion over the next 10 years to make it happen. “While the world […]The post Market Weekend: Microsoft Carbon Goals, Foxconn Fiat, Citigroup Pay Gap, Google To the Moon appeared first on Market Exclusive.

  • Warren Buffett Isn’t Buying Much, but He Has Bought 2 Special TSX Stocks
    The Motley Fool

    Warren Buffett Isn’t Buying Much, but He Has Bought 2 Special TSX Stocks

    Warren Buffett has invested in Suncor and Restaurant Brands stock even though he has made very few major acquisitions lately.

  • Chipotle Mexican Grill (CMG) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Chipotle Mexican Grill (CMG) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Chipotle Mexican Grill (CMG) closed at $878.15, marking a +0.91% move from the previous day.

  • Adobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Adobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Adobe Systems (ADBE) closed at $349.74, marking a +1.26% move from the previous day.

  • US STOCKS-Wall Street hits new highs in strongest week since August
    Reuters

    US STOCKS-Wall Street hits new highs in strongest week since August

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.

  • Google Joins The Trillion-Dollar Club: Who's Next?
    Zacks

    Google Joins The Trillion-Dollar Club: Who's Next?

    Google Joins The Trillion-Dollar Club: Who's Next?

  • Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend
    Yahoo Finance

    Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend

    A rare 1948 Tucker is just one of the thousands of cars up for sale at the several Auctions underway this weekend in Scottsdale Arizona.

  • Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT
    Zacks

    Tech Daily: GOOGL, AMZN, AAPL, TSM, FB, MSFT

    Alphabet's trillion dollar valuation, Amazon's India troubles and TSM's upbeat earnings announcement are the top stories in this daily.

  • Top STock Analyst Reports for Microsoft, American Express & Others
    Zacks

    Top STock Analyst Reports for Microsoft, American Express & Others

    Top STock Analyst Reports for Microsoft, American Express & Others

  • US STOCKS-Wall Street strikes new high as housing data fuels optimism
    Reuters

    US STOCKS-Wall Street strikes new high as housing data fuels optimism

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. At 2:42 p.m. ET, the Dow Jones Industrial Average was up 0.08% at 29,321 points, while the S&P 500 gained 0.22% to 3,323.95.

  • Which Stocks are in the $1 Trillion Club?
    Zacks

    Which Stocks are in the $1 Trillion Club?

    The $1 Trillion Valuation Club is one of the most exclusive groups on Wall Street, and it just added its newest member.

  • Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?
    Zacks

    Buy Google parent Alphabet Stock at its New $1 Trillion Market Cap?

    Shares of Google parent Alphabet Inc. (GOOGL) have jumped 9% in 2020 to help it ascend into the $1 trillion market cap club. Is it time to buy?

  • Amazon Is Left Out of Mega-Cap Tech Surge to Records
    Bloomberg

    Amazon Is Left Out of Mega-Cap Tech Surge to Records

    (Bloomberg) -- Major technology and internet companies have long fueled the U.S. stock market’s climb to record levels, but that trend has come with one notable exception: Amazon.com Inc., which has languished in a fairly narrow trading range for months.Amazon shares haven’t notched an all-time high since September 2018, in contrast to mega-cap peers like Apple, Microsoft, Alphabet and Facebook, which have been hitting records on a near-daily basis. Many of these names experienced pronounced draw-downs over the past year and a half, mostly due to disappointing earnings reports or outlooks. But they regained their momentum last year, as their growth assuaged investor caution. Amazon, however, remains about 8.5% below its own peak.Because of its long-term prospects, Amazon is about as close as a stock can be to a consensus choice among Wall Street firms. Over the near term, though, it is “the most hotly debated among investors” as “debates persist on both AWS and next day shipping efforts,” according to UBS analyst Eric Sheridan, referring to its Amazon Web Services cloud-computing business.Since the start of 2019, Amazon shares are up about 24%, below the 32% rise of the S&P 500, as well as the much larger gains seen in other bellwethers. Microsoft and Facebook are both up more than 60% since the start of last year, while Apple has doubled. The rally resulted in trillion-dollar valuations for Apple, Microsoft and Google-parent Alphabet, a milestone that Amazon briefly eclipsed in 2018.The underperformance reflects concerns over Amazon’s earnings trends, even as it has continued to grow revenue at a double-digit clip. Major investments into initiatives like one-day shipping are seen as headwinds, and shares “may be range bound ‘tactically’” given the impact of this spending, Morgan Stanley wrote on Thursday. The firm added that “near-term profitability is likely to still disappoint” because of these investments, even as it sees the effect as temporary and one-day shipping deepening Amazon’s competitive moat within e-commerce.Another key issue is the waning dominance of Amazon Web Services, which has long been a major driver for earnings and margins, but has faced growing competition from rivals like Alphabet and especially Microsoft. According to Bloomberg Intelligence, which cited IDC data, Amazon Web Services was 12 times larger than Microsoft’s cloud business in 2014. By 2018, the most recent year for which data is available, it was just four times larger.James Bach, an analyst at Bloomberg Intelligence, wrote that Amazon was particularly facing “stiffer competition” with government contracts. “Microsoft’s extensive sales experience, installed base within U.S. agencies and broad range of edge-computing products all make a compelling offering,” he wrote. Microsoft is “uniquely positioned to claim market share as federal agencies upgrade and secure IT systems.”In October, Microsoft beat out Amazon for a $10 billion Pentagon cloud contract, a deal Amazon had been seen as the favorite to win. The company subsequently claimed it lost the contract because of political interference by President Donald Trump, and filed a lawsuit challenging its validity.Amazon earlier this week named a new sales chief for AWS. Deutsche Bank wrote that the “magnitude of personnel changes” at AWS, along with rising competition, underscored the “increased risk of further deceleration” at the business.Separately, Morgan Stanley this week wrote that a quarterly survey of chief investment officers suggested some cause for caution about AWS growth. “Quarterly survey results can be volatile, but AWS saw a notable [quarter-over-quarter] drop in net expected budget share gains” over the next three years, analyst Brian Nowak wrote. “It will be important to continue to monitor these metrics going forward as we think about AWS forward growth.”Amazon is expected to report fourth-quarter results later this month. According to data compiled by Bloomberg, Wall Street is looking for revenue growth of nearly 19% and expecting net income to fall by nearly a third. AWS revenue is seen growing more than 30% on a year-over-year basis, according to a Bloomberg MODL estimate.Wall Street remains almost unanimously positive on the stock. According to data compiled by Bloomberg, 53 firms recommend buying the stock, compared with the four with a hold rating. None advocate selling the shares.To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Steven Fromm, Janet FreundFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • US STOCKS-Wall Street hits new high as data boosts growth outlook
    Reuters

    US STOCKS-Wall Street hits new high as data boosts growth outlook

    The S&P 500 gained 0.21% to 3,323.61 and the Nasdaq Composite was up 0.05% at 9,362.01. Declining issues outnumbered advancers for a 1.06-to-1 ratio on the Nasdaq. The S&P index recorded 122 new 52-week highs and no new lows, while the Nasdaq recorded 186 new highs and nine new lows.

  • Is Market Breadth So Good That’s Its Bad?
    Yahoo Finance

    Is Market Breadth So Good That’s Its Bad?

    Is it possible that market breadth is so good that it's bad? Absolutely! It's called being overbought from an internal standpoint -- and sometimes leads to a quick and dirty reset to the downside. But we also can rephrase this. "Is it possible that market breadth is so bad, that it's good?" Certainly! It's called a washout -- and usually is associated with an intermediate- to longer-term bottom. In a bull market, we'll take strong market-breadth statistics over not so strong any day. What's giving us pause is that the largest sector, Technology, is again leading in early 2020 and is about as extended internally as it can get.

  • Microsoft announces global Teams ad push as it combats Slack for the heart of enterprise comms
    TechCrunch

    Microsoft announces global Teams ad push as it combats Slack for the heart of enterprise comms

    The long-running contest between Microsoft and its Teams service and Slack's eponymous application continued this morning, with Redmond announcing what it describes as its first "global" advertising push for its enterprise communication service. Enterprise productivity software, of course, is a large percentage of Microsoft's bread and butter. Slack owns that record, having welcomed Microsoft to its niche in a print ad that isn't aging particularly well.

  • Wingstop is on fire just like its buffalo wings; CEO aims for 6,000 restaurants globally
    Yahoo Finance

    Wingstop is on fire just like its buffalo wings; CEO aims for 6,000 restaurants globally

    Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.

  • Truck slams Starbucks in Illinois
    ABC News Videos

    Truck slams Starbucks in Illinois

    The driver of a pickup truck slammed into the side of a coffee shop, injuring five.