An exodus of advertising revenue from popular online companies has led to tech stocks plummeting today, as experts warn that advertisers are rolling back marketing due to less customer demand, as the cost of living continues to eat into consumer wallets. Tech giant Alphabet reported falling advertising revenue in April, with Snapchat’s CEO issuing warnings […]

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Alphabet’s operating profits more than tripled to $19.4bn Google owner Alphabet (NASDAQ:GOOGL) announced record-breaking Q2 revenues on Tuesday evening as the firm continued to benefit from the pandemic. Alphabet far exceeded its expectations, recording second quarter revenues of $61.9bn, up 62% compared to the same period a year ago. The jump reflects a rise in […]

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Alphabet makes more money from digital advertising than any other company Alphabet (NASDAQ:GOOGL), the owner of Google and YouTube, has more than doubled its profits as firms spent money on online advertising to get the attention of people working and playing online during the pandemic. The company said it managed to surpass analysts’ expectations because […]

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Tech and growth stock-heavy index, the Nasdaq Composite, escaped the market correction on Thursday, as virus fears crunched over-extended value equities. European equities fell sharply during the morning, with the DAX and CAC falling 0.88% and 0.67% apiece. Following was the FTSE, who, having suffered 5% losses by Kingfisher and Johnson Matthey, extended yesterday’s losses, […]

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Pfizer’s vaccine announcement saw gold and gilts sell off, while European equities rallied by 5% on Monday. Meanwhile, the tech stocks that boomed during the pandemic – and last week – saw the Nasdaq drop by 1.5% on the same day as Eurozone markets flew. Fast-rising home delivery stocks, Ocado and Just Eat, shed 5.21% […]

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Sleep? Sorry – don’t know them. As forecast, the US Presidential Election has been drawn-out, dramatic and all-consuming. But, rather than buckle under the strain, global equities spent the majority of the week absolutely soaring. Rallying at their fastest rate since April, US big tech stocks led the way, with Alphabet rising by 8%; Amazon, […]

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Despite being wrong about pricing in a decisive Democrat victory, markets were happy to settle with Biden as favourite to win the presidency, as they continued the boom started on Monday. Since Wednesday morning, investors have married optimism over a Biden win with lingering uncertainty, with the result being large buy-ups of monolithic tech equities […]

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On Wednesday, investors responded to election result uncertainty by heavily backing proven winners and market leaders, and this saw an enormous uptick in US big tech stocks. After making upwards movements of around 3% in futures, the tech-laden Nasdaq Composite then saw additional growth, up around 4% – at 11,605 points. This tech stock storm […]

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On the list of things markets hate, uncertainty, political conflict, and drawn-out disruption must all rank fairly highly among the top downside risk factors. Despite that, and ahead of what may end up being a closer-fought contest than many anticipated, global equities shot up at an unreasonable rate on the eve of the US Presidential […]

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Between the US economy being among the worst-hit by the COVID pandemic; the Biden poll lead narrowing; and Nancy Pelosi implementing a deadline for new stimulus measures to be announced, all US equities suffered on Monday. However, the Nasdaq led Monday’s losers, with the tech-laden index weighed down by the falls posted by big tech […]

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