What's the status of a second $1,200 stimulus check. How do I vote in my state in the 2020 election? Gold fell as much as 0.5%, to $1,894.74 per ounce. As part of the deal, Google is also the default search engine for Siri and system search, replacing a deal Apple had with Microsoft in 2017. Senate on track to confirm Barrett to Supreme Court in final vote, The "60 Minutes" interview that Trump cut short, How Americans feel about taking potential COVID-19 vaccine, France hits new daily COVID record: "We have lost control", Pompeo's RNC speech investigated for possible Hatch Act violation, Dems urge Pence not to attend Barrett vote after COVID outbreak, Qatar condemned for "disturbing" exams of women passengers, Fights erupt between pro-Trump caravan and protesters in NYC, Tropical Storm Zeta expected to strengthen into hurricane, Battleground Tracker: Latest polls, state of the race and more, 5 things to know about CBS News' 2020 Battleground Tracker, CBS News coverage of voting rights issues. Google called the government’s case “deeply flawed” and said it would hurt consumers because it would “artificially prop up” lower-quality search options. 2020-10-20T13:41:17Z The letter F. An envelope. With Robotaxis Still a Distant Dream, Lidar Makes Itself Use... Apple Developing Smaller AirPods Pro, Revamped Entry-Level M... DOJ antitrust lawsuit goes after a multibillion-dollar pact, Google documents say losing Apple deal would be ‘Code Red’, The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc.’s Google, accusing it of abusing its monopoly in search. House Speaker Nancy Pelosi's 48-hour deadline to strike a deal is fast approaching, but differences between her and Treasury Secretary Steve Mnuchin are being ironed out, giving hope to some for a potential deal to be reached. The hit to the company's ad business was "serious" but "not as severe as it could have been," eMarketer principal analyst Nicole Perrin observed in a note. Uber Sued for Using ‘Biased’ Customer Ratings to Fire Driver... SAP Sends Warning for U.S. Tech Earnings With Dire Forecast.

The anti-trust lawsuit could lead to years of litigation and a potential breakup of the company. Is Google worth the risk in front of earnings? Read more: Bank of America shares 12 under-owned stocks likely to soar on earnings this quarter with investing conditions ripe for the picking, Registration on or use of this site constitutes acceptance of our. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. That was before Google created Alphabet as a new holding company for itself and a hodgepodge of more risky tech ventures. Apple said that, in addition to being able to change the default search engine after setup, users can access third-party search apps, third-party voice assistant apps or got to another search engine’s website. Battleground Tracker: Tight race in Florida, Georgia, North Carolina, CBS News/BET poll: Black voters motivated, but concerned about votes counting, A behind-the-scenes look at how mail-in ballots are processed. Google's ad revenue slowed even as Americans used its services "more than ever," CEO Sundar Pichai said on an investor phone call Tuesday. US stocks climbed on Tuesday as investors weighed a series of strong earnings reports and new stimulus developments against Google antitrust proceedings. Brent crude, oil's international benchmark, fell 1%, to $42.19 per barrel, at intraday lows. It indicates the ability to send an email. Alphabet Inc. (GOOGL - Free Report) is scheduled to report second-quarter 2020 results on Jul 30.In the last reported quarter, it delivered a negative earnings surprise of 5.1%.


West Texas Intermediate crude fell as much as 1.4%, to $40.25 per barrel.
By Chris Tyler , InvestorPlace Contributor Feb 3, 2020, 9:33 am EDT February 3, 2020 Alphabet's first-quarter revenue increased 13% from the same time last year, to $41.2 billion. Voters See Misinformation Online and Many Believe... Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant I... Microsoft Teams With Adobe and C3.ai to Take on Salesforce o... SAP Shares Collapse After Lockdowns Force Cuts to Revenue. Alphabet earned $6.8 billion during the quarter, a 2% increase from last year. Americans are using Google more than ever, as the coronavirus pandemic drives most activities online.

Apple users have the option to manually switch to Microsoft Corp.’s Bing, Yahoo Search or DuckDuckGo, but “few people do, making Google the de facto exclusive search engine” on Apple devices, according to the DOJ. Before it's here, it's on the Bloomberg Terminal. (.

While online searches rose throughout the quarter, people shifted to looking for less-commercial topics — such as COVID-19 — and advertisers pulled back on spending, Pichai said. The U.S. government said Apple Chief Executive Officer Tim Cook and Google CEO Sundar Pichai met in 2018 to discuss the deal. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Q2 2020 Earnings Call Jul. Webb's opinions are his own. CBS News' Irina Ivanova contributed reporting. 30, 2020, 4:30 p.m. The details, many of which have not been disclosed before, may support the U.S. government’s allegation that Google uses these agreements to block out search rivals and give consumers less choice. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Earnings Preview: Is It Time to Avoid Buying Google Stock? This material may not be published, broadcast, rewritten, or redistributed. Here's where US indexes stood shortly after the 9:30 a.m. The U.S. government’s antitrust assault against Google reveals new details about a secretive, multibillion-dollar deal between the internet giant and Apple Inc., the world’s largest technology company. Here are the 11 books they say transformed them into trading juggernauts. Commerce Policy | The company's stock climbed 3% to $1,269.50 in extended trading. The first quarter also offers an incomplete picture because ad demand in most parts of the world wasn't hit hard until late February and early March. Market data provided by ICE Data Services. Powered and implemented by FactSet. Investors are also continuing to hold out hope for a fiscal stimulus deal to be agreed upon prior to the November 3 Presidential Election.

Made In NYC | "In March, we experienced a significant and sudden slowdown in ad revenues," he said, noting that the slowdown correlated with the industries and geographic regions hit by coronavirus during that period. The Justice Department’s lawsuit, filed Tuesday, targets paid deals Google negotiates to get its search engine to be the default on browsers, phones and other devices. Photographer: David Paul Morris/Bloomberg, The Justice Department focused in particular on the deal between Apple and Google, saying it “substantially forecloses Google’s search rivals from an important distribution channel for a significant, multi-year term.”. That’s because nearly half of Google search traffic in 2019 came from Apple products, according to the lawsuit. With more mail-in ballots, officials urge patience on election night, Americans and the right to vote: Why it's not easy for everyone, Why some mail-in ballots are rejected and how to make sure your vote counts. US stocks rise as traders weigh earnings reports against Google antitrust report. Have a confidential tip for our reporters? Legal Statement.

A strong earnings report from Logitech showed that the work-from-home trend is still boosting demand for its computer accessories business, as well as a surge in online gaming. Q3 2020 Earnings Release: 10/29/2020: Press Conference - 10/29/2020: Earnings Report - ... Google’s stock price performed positively after the IPO. In 2019, Apple Chief Compliance Officer Kyle Andeer told a congressional hearing that that the company “conducted an open competition to see what did we think would be best for our consumers, and consumers have always gone to Google.”. The number of teachers and students using Google classroom, for instance,  doubled in a little over a month, to 100 million, and the company's Meet tool is adding about 3 million users per day, he said. Tesla Expects Rising Capex in Next Two Years Amid Growth Spu... Ansys to Buy Software Firm AGI for $700 Million. Oil traded lower. Disclaimer | © 2020 CBS Interactive Inc. All Rights Reserved. The DOJ also cited internal Google documents that call the Apple search deal a “significant revenue channel” for the search giant and one that, if lost, would result in a “Code Red” scenario. “By paying Apple a portion of the monopoly rents extracted from advertisers, Google has aligned Apple’s financial incentives with its own and set the price of bidding for distribution extremely high,” the DOJ said.

GOOGL stock has edged up 2% since Alphabet reported June quarter earnings. News provided by The Associated Press. Matthew Fox. What happens if the president doesn't accept the election results? The deadly pandemic and its parade of negative headlines have given many mass-market advertisers little incentive to peddle their products and services. The DOJ suit cited estimates that Apple gets $8 billion to $12 billion annually from Google through the agreement. Most U.S. ET. Be in the know. ET market open on Tuesday: Read more: We spoke to 4 US Investing Championship contenders who raked in a combined return of 1,349% in just 9 months. Google's second quarter " should be a difficult one for our advertising business," Ruth Porat, the company's chief financial officer, told analysts Tuesday. First published on April 28, 2020 / 7:17 PM. Stock quotes by finanzen.net. Both Class A (GOOGL) and Class C (GOOG) shares are up more than 10% through Friday, Jan. 17, … Elsewhere, Proctor & Gamble reported earnings that beat analyst estimates, posting its best organic sales growth since 2005. ICE Limitations. That means when a user buys a new iPhone or other Apple device, the built-in search engine in the Safari browser is Google. Bloomberg's David Westin and Alex Webb, a Bloomberg Opinion columnist, break down the case on "Bloomberg Markets." In the tech space, the Department of Justice filed an anti-trust lawsuit against Google parent Alphabet, accusing the company of abusing its leadership in the online search field. Bank of America shares 12 under-owned stocks likely to soar on earnings this quarter with investing conditions ripe for the picking, A capital-gains tax hike would only temporarily slow the stock market's rally, Goldman Sachs says », Joe Biden's climate plan is great news for Tesla, Wall Street analyst says ». After that, an unidentified senior Apple employee wrote to a Google counterpart that “our vision is that we work as if we are one company.”. The January-to-March earnings report offers a first look at how the digital ad market has fared amid widespread local and international government orders requiring consumers to stay at home. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). Copyright © 2020 CBS Interactive Inc. All rights reserved.

Get the latest breaking news delivered straight to your inbox. Google pays Apple billions of dollars a year to make its search product the default option, according to analyst estimates. The company's revenue growth hasn't been this low since the summer of 2015. However, Google's parent company, Alphabet, reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-spurred recession infected its advertising sales.

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