Year to date, Alphabet is down nearly 27%, based on fears of a cyclical slowdown in advertising dollars. With pessimism now being extrapolated across the digital advertising space, Alphabet looks quite cheap indeed -- even cheaper than its headline earnings would suggest. Of note, Alphabet's price-to-earnings ratio, based on trailing-12-month earnings, has fallen all the way to 19.4.
Former Detroit Lions safety C.J. Moore is one of five players reinstated by the NFL after serving a one-season suspension for violating the league's gambling policy.
Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.
This year’s Arctic Inspiration Prize (AIP) finalists have been announced, with 12 of the 15 projects involving the NWT and Nunavut. The contest, which is disbursing approximately $3.7 million, is the largest annual prize in Canada, that “inspires, enables and celebrates the achievements of the people of the North. The AIP recognizes diverse teams and enables their innovative projects in the fields of education, sustainable housing, health, performing arts, traditional knowledge, language, and sc
There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation pandemic, climate disasters and Russia's invasion of Ukraine. Factor in the Israel-Hamas war and rising tensions between powerful nations, and today's agenda is even fuller as the World Bank and the International Monetary Fund hold their spring meetings in Washington this week. “The world’s intertwined challenges of poverty — which clearly we have seen great setbacks over the past few years — combined with fragility and conflict and violence, combined with climate change, is coming into a perfect storm,” Banga said in an interview with The Associated Press.
New York police arrested protesters at Columbia University on Thursday who had set up a pro-Palestinian encampment on campus. Several students involved in the protest said they were also suspended from Columbia and Barnard College, including Isra Hirsi, who is the daughter of U.S. Rep. Ilhan Omar, a Minnesota Democrat. The congresswoman had questioned Columbia's president, Nemat Shafik, about the school’s targeting of pro-Palestinian protestersat a hearing on Wednesday.
U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, as weekly initial unemployment claims were unchanged from the prior week at 212,000 while a gauge of manufacturing in the mid-Atlantic region rose to a two-year high. The solid labor market, recent reading showing sticky inflation, and comments from Fed officials including Chair Jerome Powell have led markets to back off expectations the central bank would cut interest rates by at least 25 basis points (bps) at its June meeting.
India votes on Friday in the world's largest election as Prime Minister Narendra Modi seeks a historic third term in office on the back of growth, welfare, his personal popularity and Hindu nationalism. The vote pits Modi's Bharatiya Janata Party (BJP) against an alliance of two dozen opposition parties which is challenging him with promises of increased affirmative action, more handouts and what they say is the need to save democratic institutions from Modi's dictatorial rule.
Robert Taylor will step into the late, great Ralph Waite’s shoes by playing dad to a young Leroy Jethro Gibbs in CBS’ upcoming NCIS: Origins prequel series. TVLine has learned that the Australian Longmire vet has been tapped to fill the recurring guest star role of Jackson Gibbs, the hard-nosed father of one-day NCIS team …
The launch event of Sadiq Khan’s Ulez-cars-to-Ukraine scheme has been cancelled ahead of the London mayoral elections.
Goals from Yusuf Yazici and Benjamin Andre overturned Villa’s first-leg advantage before Matty Cash sent it to extra time.
FIFA leaders say the advancement of women’s soccer is a top priority .
* 'Amazonia' bonds in 2024 seen a tough sell for some * US is reimposing oil sanctions on Venezuela, officials say * Mexican economy up 2.1% y/y in March - preliminary estimate * Latam FX down 0.2%, stocks flat (Updated at 3:30pm ET/1930 GMT) By Bansari Mayur Kamdar and Lisa Pauline Mattackal April 18 (Reuters) - A firm dollar continued to pressure most Latin American currencies on Thursday as Federal Reserve officials emphasized few interest rate cuts are on the table this year, although strong copper prices helped Chile's peso and Peru's sol to buck regional weakness. MSCI's index tracking Latam currencies slipped about 0.2% while a basket of regional stocks was flat on the day.
Liverpool are in need of a second-leg comeback in Italy if they are to keep their faint treple hopes alive
‘Genuinely, what economy are we all f***ing living in,’ shopper says
It will be another two weeks before water service is fully restored at the Halifax Infirmary following two water main breaks earlier this month at the hospital's steam plant.The breaks on April 3 resulted in the loss of drinking water, fire suppression services and the ability to flush the toilets. They were repaired over several days, but not without requiring the cancellations of some surgeries and other services.The site returned to normal services on April 8.Health Minister Michelle Thompson
QUEBEC — Hydro-Québec and the Mohawk Council of Kahnawake signed an agreement today to jointly own a transmission line that will export electricity to New York City. The Mohawk community southwest of Montreal will hold a minority stake of at least 10 per cent in the Hertel-New York interconnection line, allowing them to earn dividend income. Hydro-Québec president and CEO Michael Sabia says the community can expect an annual return of about eight per cent on its investment. The 10 per cent parti
The Arizona Coyotes are moving to Utah after 27 seasons in the Southwest. Hockey could return to the region with an NHL expansion club.
Owner’s lawsuit has not been dismissed, and a last-ditch appeal is likely.
Closures are coming for stretches of both the Don Valley Parkway and King Street W., with city officials warning people to plan ahead and leave with extra time as traffic impacts are expected.In a news release issued Thursday, the city said that road work is coming to the southbound lanes of the DVP, starting around 10 p.m. and running until about 5:30 a.m. on Friday. Crews are removing a damaged sign, officials say.All southbound lanes will be closed on the DVP between Don Mills and the Bayview
TEMPE, Ariz. (AP) — The Arizona Coyotes are officially headed to Salt Lake City. The NHL Board of Governors voted unanimously Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owners Ryan and Ashley Smith, clearing the way for the franchise's move to Utah next season. The deal includes a provision for Arizona to get an expansion team if a new arena is built within the next five years. The deal will be facilitated through the NHL, with $200 million going to league owners as a
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