nichenya+spasi: alphabet

PCE Inflation Increased Than Expected, MSFT also GOOG Earnings Beat

0
PCE Inflation Increased Than Expected, MSFT also GOOG Earnings Beat
Personal Consumption Expenditures (PCE), the Fed's preferred index of inflation, came in higher than expected for the month of March this morning. Another feather in cap of the 'Higher for Longer' crowd. Meanwhile we got big earnings beats from Microsoft and Alphabet yesterday showing growth in cloud services which is re-energizing the AI trade following…

Alphabet authorizes $70 billion stock buyback also first-ever dividend

0
Alphabet authorizes $70 billion stock buyback also first-ever dividend
In a historic move, Alphabet Inc. (GOOG, GOOGL) has announced it's first-ever $70 billion share repurchase program and quarterly dividend. The dividend, set at $0.20 per share, will be distributed to eligible shareholders on June 17, 2024. Yahoo Finance's Julie Hyman breaks down the details. About Yahoo Finance: Yahoo Finance provides free stock ticker data,…