Stock futures stumbled lower Monday, as investors continued to react to the escalated trade standoff between the U.S. and China. China stocks were highly active, led by JD.com (JD) following announcement of a $550 million deal with Alphabet's (GOOGL) Google unit. X Futures for the Dow Jones industrial average steered 0.7% lower, with Walt Disney (DIS) and Intel (INTC) notching the heaviest early declines. S&P 500 futures traded 0.6% below fair value. Nasdaq 100 futures were also off 0.7%. Biogen (BIIB) and O'Reilly Automotive (ORLY) were hardest hit among Nasdaq 100 names, down nearly 2% each. Apple (AAPL) dropped 0.6% and all four FANG stock tech leaders posted early declines. (For updates on this story and other market coverage, visit stock news today) Global markets also continued to be rattled. Benchmark indexes across China and Japan booked moderate losses Monday. In Europe, Frankfurt's DAX was down 1.3% and the CAC-40 in Paris showed a 1.2% loss near midday. Economic … [Read more...] about Stock Futures, Global Markets Fall; JD.com Spikes On Google Deal
Google Invests $550 Million in Chinese Online Shopping Site JD.com
SHANGHAI—Alphabet Inc.’s Google unit is investing $550 million in Chinese online retailer JD.com Inc., a move that will deepen its ties with China and ramp up its rivalry with Amazon.com Inc. The deal, which according to a JD spokesman gives Google a 1% stake, will help both companies expand their retailing presence. Under the partnership, JD will start selling products on Google Shopping, reaching consumers in the U.S. and Europe as it seeks to diversify beyond China’s highly competitive e-commerce market.... … [Read more...] about Google Invests $550 Million in Chinese Online Shopping Site JD.com
Google to invest $550 million in Alibaba rival JD.com
Youkyung Lee Associated Press Published 9:14 p.m. UTC Jun 18, 2018 SEOUL, South Korea – Google said Monday that it will invest $550 million in Alibaba’s main rival JD.com as the U.S. tech giant seeks to expand in fast-growing Asian e-commerce markets. Under the partnership, JD.com products will appear on Google’s shopping service, giving JD.com access to consumers outside Asia, while Google can apply the Chinese e-commerce company’s supply chain and logistics expertise to its technology. Google said that through the partnership, the company will explore new solutions to improve shopping experiences of consumers around the world. More: Listen up, Alibaba is joining Amazon and Google in the smart speaker game It was not clear if the partnership was the American company’s latest attempt to make a foray into China, where its major services, including email and its search engine, are blocked. The two companies, however, will jointly develop retail … [Read more...] about Google to invest $550 million in Alibaba rival JD.com
Google, Facebook Propel Jump in Global Ad-Spending Forecast
By Alexandra Bruell Alexandra Bruell The Wall Street Journal BiographyAlexandra Bruell [email protected] June 18, 2018 1:30 a.m. ET 0 COMMENTS The backlash against Google and Facebook FB 1.26% from some big marketers isn’t denting their ad business. Magna, a division of Interpublic Group of Companies, predicts global ad revenue will increase 6.4% to $551 billion this year, up from an earlier projection of 5.2% growth, including ad spending on cyclical events like the Olympics. The reason for the adjustment is the growth of the digital ad titans. While some brands have pulled back in spending on Google and Facebook due to issues that range from brand safety to performance challenges, ad buys from small and local businesses are more than making up for the cuts, said Vincent Letang, executive vice president of global market intelligence at Magna. “The thing really that we revise up for is digital,” Mr. Letang said. Growth from small and local … [Read more...] about Google, Facebook Propel Jump in Global Ad-Spending Forecast
Google drives $627 million to NH economy
Last year, the search engine helped 5,900 Granite State businesses grow By NHBR Staff Published: June 14, 2018 Traffic through Google generated $627 million in economic activity in 2017, according to the ninth annual Google economic impact report. Approximately 5,900 New Hampshire businesses, publishers and nonprofits used Google search and advertising tools to connect with customers. Nationally, that figure grew to $283 billion in 2017, stemming from more than 1.5 million businesses, website publishers and nonprofits. This year’s report highlighted Anchor Line, a video production firm in Portsmouth. Using AdWords since the founding of the business in 2011, Anchor Line says about 50 percent of its new clients originate through Google. “Our website is the face of our business. It’s how people know we’re right for them before they even come into our brick-and-mortar store,” said Co-founder and Creative … [Read more...] about Google drives $627 million to NH economy