Google Profit Nearly Doubles, Boosted by Red-Hot Ad Market
The search giant posted its highest quarterly revenue increase in 14 years, as smaller businesses pour money into digital ads.
Microsoft Earnings, Sales Up Sharply
The company's Azure cloud-computing business has thrived on the turn to remote work during the pandemic.
Twitter Posts Strong Ad Revenue Growth Despite Apple Privacy Updates
Twitter largely dodged turmoil in the digital advertising market from new Apple app privacy policies and supply-chain disruptions as it reported a 37% jump in third-quarter revenue.
Robinhood Revenue Falls on a Drop in Crypto Trading
Fees tied to stock and options trades ticked down slightly at the popular app, while revenue tied to cryptocurrency trading tumbled 78% to $51 million.
Saks E-Commerce Business Pairs Robots With Workers
Saks Fifth Avenue said it has started shipping online orders from a high-tech Pennsylvania warehouse, deploying dozens of autonomous robots programmed to help workers find Giambattista Valli gowns and Christian Louboutin pumps.
Texas Instruments Shares Slide as It Makes Plans to Boost Capacity
The chip maker will boost capital spending as it expands its own manufacturing capabilities.
Boeing's Dreamliner Pain Spreads To Suppliers
The plane maker's manufacturing problems with its 787 Dreamliner are creating challenges for suppliers who expect production of the wide-body jets to remain low into next year.
Elon Musk Defies a Car Industry Mantra With Tesla-Hertz Deal
Sales to car-rental firms were long considered a bad sign for auto makers. Tesla has turned it into a success with its agreement to supply Hertz 100,000 vehicles.
Credit Suisse, Community Health Face Lawsuit in Quorum's Bankruptcy
A litigation trustee and a bondholder representative say actions by Credit Suisse and Community Health System burdened Quorum Health with $1.2 billion in debt, leading to its bankruptcy.
Payments Company Stripe Is Kick Starting Market for Carbon Removal
Payments company Stripe is putting up millions to be first in line for carbon-removal technology still being developed.
(END) Dow Jones Newswires
10-26-21 2115ET
