Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-04-25 13:49:05| Fast Company

Google’s profits soared 50% in this year’s opening quarter, overcoming the competitive and legal threats that its internet empire is facing amid an economy roiled by a global trade war.The numbers released Thursday by Google parent Alphabet Inc. indicated the company is rising to the challenge so far, but investors are likely to remain concerned about the turbulent times ahead.The Mountain View, California, company earned $34.5 billion, or $2.81 per share, during the January-March period, up from $23.7 billion, or $1.89 per share, at the same time last year. Revenue rose 12% from last year to $90.2 billion. The results easily exceeded analysts’ projections, according to FactSet Research.“We continued to see healthy growth and momentum across the business,” Alphabet CEO Sundar Pichai told analysts Thursday during a conference call. Alphabet’s stock gained more than 4% in extended trading after the numbers came out. The shares had fallen by 16% since the end of last year.Google’s first-quarter performance illustrated the continuing power of its long-dominant search engine in a sea of uncertainty. While grappling with competitive threats emerging as artificial intelligence reshapes technology, Google is also battling court decisions condemning its search engine and digital ad network as illegal monopolies.The AI-driven upheaval has opened new opportunities for people to find helpful advice, insights and information through more conversational search options from the likes of OpenAI and Perplexity.Google’s long-dominant search engine is countering the new competition with a feature called AI Overviews that appear above web links in its results. It is also testing a conversational tool called AI Mode that would usher in an even more radical change to its business model.“The company delivered a sound response to those questioning the solidity of the search business amid ever-increasing AI demand,” Investing.com analyst Thomas Monteiro said.But Google is trying to keep its business intact as by the U.S. Justice Department attempts to break up the company and impose other restraints after a federal judge last year branded its search engine an illegal monopoly. To make matters worse, its digital ad network also was found to be illegally abusing its power earlier this month in another case brought by the Justice Department.President Donald Trump’s trade war has injected more uncertainty into the mix by rattling the financial markets amid fears the tariffs will reignite inflation while dragging the economy into a recession. Although Google’s digital services aren’t directly impacted by the tariffs, a recession would likely curtail the spending on ads that generate most of Alphabet’s revenue.But there were few signs of a slowdown in the past quarter. Google’s ad revenue during the period totaled $66.9 billion, an 8% increase from the same time a year ago.Although Google’s executives are mostly upbeat during Thursday’s call, they also acknowledged conditions should the trade war trigger a recession.“We are obviously not immune to the macro environment,” said Philipp Schindler, Alphabet’s chief business officer.The past quarter’s steady growth emboldened Alphabet to stand firm on plans to invest $75 billion on AI and other technologies this year while also pursuing approval of a $32 billion deal to buy cybersecurity firm Wiz.This story has been corrected to reflect Alphabet’s first-quarter profit increased 50% from the same time last year, or $2.81 per share, and that its revenue for the January-March period totaled $90.2 billion. The story also has been corrected to reflect Google’s ad revenue for the first quarter totaled $66.9 billion, an 8% increase from a year ago. An earlier version reported the incorrect dollar amounts and percentage change. Michael Liedtke, AP Technology Writer


Category: E-Commerce

 

LATEST NEWS

2025-04-25 13:13:53| Fast Company

President Donald Trump’s administration on Thursday asked the Supreme Court to allow enforcement of a ban on transgender people in the military, while legal challenges proceed.Without an order from the nation’s highest court, the ban could not take effect for many months, Solicitor General D. John Sauer wrote, “a period far too long for the military to be forced to maintain a policy that it has determined, in its professional judgment, to be contrary to military readiness and the nation’s interests.”The high court filing follows a brief order from a federal appeals court that kept in place a court order blocking the policy nationwide.At the least, Sauer wrote, the court should allow the ban to take effect nationwide, except for the seven service members and one aspiring member of the military who sued.The court gave lawyers for the service members challenging the ban a week to respond.Just after beginning his second term in January, Trump moved aggressively to roll back the rights of transgender people. Among the Republican president’s actions was an executive order that claims the sexual identity of transgender service members “conflicts with a soldier’s commitment to an honorable, truthful, and disciplined lifestyle, even in one’s personal life” and is harmful to military readiness.In response, Defense Secretary Pete Hegseth issued a policy that presumptively disqualifies transgender people from military service.But in March, U.S. District Court Judge Benjamin Settle in Tacoma, Washington, ruled for several long-serving transgender military members who say that the ban is insulting and discriminatory and that their firing would cause lasting damage to their careers and reputations.The Trump administration offered no explanation as to why transgender troops, who have been able to serve openly over the past four years with no evidence of problems, should suddenly be banned, Settle wrote. The judge is an appointee of Republican President George W. Bush and is a former captain in the U.S. Army Judge Advocate General Corps.In 2016, during Barack Obama’s presidency, a Defense Department policy permitted transgender people to serve openly in the military. During Trump’s first term in the White House, the Republican issued a directive to ban transgender service members, with an exception for some of those who had already started transitioning under more lenient rules that were in effect during Obama’s Democratic administration.The Supreme Court allowed that ban to take effect. President Joe Biden, a Democrat, scrapped it when he took office.The rules the Defense Department wants to enforce contain no exceptions.Sauer said the policy during Trump’s first term and the one that has been blocked are “materially indistinguishable.”Thousands of transgender people serve in the military, but they represent less than 1% of the total number of active-duty service members.The policy also has been blocked by a federal judge in the nation’s capital, but that ruling has been temporarily halted by a federal appeals court, which heard arguments on Tuesday. The three-judge panel, which includes two judges appointed by Trump during his first term, appeared to be in favor of the administration’s position.In a more limited ruling, a judge in New Jersey also has barred the Air Force from removing two transgender men, saying they showed their separation would cause lasting damage to their careers and reputations that no monetary settlement could repair. Associated Press writer Lindsay Whitehurst contributed to this report. Follow the AP’s coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court. Mark Sherman, Associated Press


Category: E-Commerce

 

2025-04-25 13:11:00| Fast Company

There’s Blue Sky and then there’s Bluesky. Blue Sky, a paper goods company founded 16 years ago, appears to be seeing a massive bump in traffic to its website, www.bluesky.com, thanks to the newfound popularity of the social media platform of a nearly identical name. Blue Sky’s website saw 215,100 visitors in March of this year compared to 56,300 visitors in March of 2024, marking a 282% increase in visits, according to data from digital market intelligence firm Similarweb. At the same time, Bluesky, the X competitor hosted at bsky.app, saw a 864% growth in visitors. In March 2025, Similarweb tracked 169.8 million visitors, compared to 17.6 million in March 2024. Bluesky started as a research project at Twitter, but became an independent company in 2021. It launched its platform as an invite-only service in 2023 before opening up public registration in February 2024. The platform really took off, though, after the November presidential election, when X owner Elon Musk gained a large stake in President Trumps campaign and subsequent administration. The company now has more than 35 million users, according to a tracker built by software engineer Natalie Bridgers. With the massive growth, it could be that people are typing in “bluesky.com” to get to the social platform, unaware they’re going to be met with visually appealing planners. Blue Sky didn’t respond to Fast Company‘s requests for comment.


Category: E-Commerce

 

Latest from this category

25.04Families demand action from Meta over childrens deaths linked to platform harm
25.04Your Shein order probably just got more expensive
25.04U.S. loosens safety rules for self-driving cars in a bid to compete with China
25.04Wall Streets rally fizzles as uncertainty returns amid Trumps trade war
25.04Trader Joes new store openings: Updated list of locations that are expected to open soon
25.04How BYD, Great Wall, and other key Chinese EV makers are reshaping the global auto industry
25.04Curation is the new leadership superpower. Here are 3 ways to adopt a curation mindset
25.04Eaton Fire burn area is seeing wildlife return after catastrophic L.A. wildfires
E-Commerce »

All news

25.04CEP Trade Recap Locking In Gains and Letting It Work
25.04Microsoft's Recall and improved Windows search start rolling out to Copilot+ AI PCs today
25.04Families demand action from Meta over childrens deaths linked to platform harm
25.04Morning Market Internals
25.04Monday's Earnings/Economic Releases of Note; Market Movers
25.04Gatwick to accept 'stricter limits' on plane noise
25.04Hairdresser fears she could lose home over tax hikes
25.04Your Shein order probably just got more expensive
More »
Privacy policy . Copyright . Contact form .