Alphabet trounces profit estimates as Google reins in costsAlphabet Inc on Monday reported that expenses from its Google search business grew more slowly in the second quarter while revenue rose more steeply than analysts had anticipated, boosting profit above Wall Street targets and…Read More
Cost to insure Tesla's debt rises on growing default fearsThe amount investors must pay to insure their debt holdings in Tesla Inc against declining credit quality rose on Monday to its second-highest price ever, implying the company is at a greater risk of default following a repor…Read More
Global airfares, hotel rates to rise in 2019: industry forecastA strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, acco…Read More
China shares hit one-month high on stimulus hopes, bonds tireShanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world's second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally.
from Reute…Read More
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