Tuesday, 2 February 2021

Alphabet shares jump as ad, Cloud sales soar amid pandemic

Alphabet shares jump as ad, Cloud sales soar amid pandemic

Google parent Alphabet Inc on Tuesday reported record revenue for the second straight quarter despite the pandemic, driving shares up 6% as it topped estimates for both advertising and Cloud sales as customers unleashed budgets for the holidays.

Amgen issues 2021 outlook below Street view, halts cancer trials

U.S. biotech Amgen Inc on Tuesday provided a 2021 earnings forecast below Wall Street estimates and said it had paused or halted enrollment for clinical trials of three cancer drugs.

Robinhood raises trading limit on five companies

(Reuters) -Online trading platform Robinhood said on Tuesday it had raised trading limits on stocks of five companies, including GameStop Corp and AMC Entertainment Holdings Inc.

Robinhood CEO calls for move to real-time settlement of trades

It's time to consider real-time settlement in U.S. equities trading, Robinhood Chief Executive Officer Vlad Tenev said, just days after the online brokerage suffered immense financial strain from retail trading mania that rocked Wall Street.

Match tops sales estimates as Tinder, Hinge keep sparks flying

Match Group Inc beat Wall Street estimates for fourth-quarter revenue on Tuesday as demand for its dating apps Tinder, Hinge and Pairs jumped in regions where COVID-19 cases have declined.

Pandemic pushes Exxon to historic annual loss, $20 billion cut in shale value

HOUSTON (Reuters) -Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion.

Exxon investors, unhappy after results, push clean energy

Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.

Oil jumps 2%, hits highest in a year as producers limit supply

NEW YORK (Reuters) -Oil prices rose 2% on Tuesday, reaching their highest in 12 months after major producers showed they were reining in output roughly in line with their commitments.

Amazon's Bezos to step down as CEO; quarterly revenue tops $100 billion for first time

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time.

Wall Street jumps for second day; Amazon says Bezos to step down from CEO role

U.S. stocks finished sharply higher for a second straight day on Tuesday, helped by gains in Amazon.com and Google-parent Alphabet ahead of their results and by optimism over progress on a U.S. pandemic relief package.

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