Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Alphabet’s internet search and advertising businesses are thriving, according to Goldman Sachs.
The firm raised its price target to $1,350 from $1,250 for Alphabet shares, representing 11 percent upside to Wednesday’s close. Goldman also reiterated its buy and conviction list rating for the company.
"Our advertiser checks point to a solid 2Q, with particular strength noted in overall pricing, mobile search and product ads," analyst Heather Bellini said in a note to clients Thursday. “Following our conversations with ad partners, we believe there is upside risk to consensus revenue estimates.”
Alphabet shares are down 0.5 percent Thursday. Its stock is up 15 percent this year through Wednesday versus the S&P 500’s 5 percent gain.
The analyst said one advertising customer revealed Alphabet ad pricing rose a double-digit percentage year over year in the second quarter.
“Partners also noted continued strength in YouTube, and particular strength in Shopping ads. Product innovation remained a key topic as well, with partners expecting continued innovation,” she said.
Alphabet will report its second-quarter earnings results on July 23, according to its website.
— CNBC's Michael Bloom contributed to this story.