Google’s no stranger to spending, but the company picked a bad time to stop watching its bills. Third-quarter results Tuesday afternoon from parent company Alphabet finally showed the weight of the sharp global downturn in online advertising. The ad weakness might seem unsurprising given disappointing results reported last week by Snapchat -parent Snap Inc., but Google had shown a remarkable resilience to the slowdown to date thanks mostly to strength in search. Read More...
Motley Fool
Why Ford, Boeing, and Carnival Stocks Are Rocking
As the trading day wears on, stock markets just keep powering higher, with the S&P 500 gaining a full percentage point through 12:35 p.m. ET. Blue chip stocks are turning out to be some of the biggest beneficiaries of today’s stock market rally, with aerospace giant Boeing (NYSE: BA) flying 2.9% higher, automotive powerhouse Ford Motor Company (NYSE: F) gaining 4.3%, and cruise stock bellwether Carnival (NYSE: CCL) doing best of all — up 4.7%. Ford’s stock price rise — while not the biggest of the three — may be both the easiest to explain and the one with the most logic behind it.
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