Google Earnings Shock 🖥️ SANM GM 📈 CALX WFRD📉

FlowBank's hand-curated fresh financial news [header_noDither] 31.1.2023 Google Can't Keep Up! Alphabet, the parent company of Google, reported its Q4 earnings, falling short of expectations in ad revenue, a critical segment of its operations. The company's shares dropped by 4% in after-hours trading. While its total revenue, excluding costs for traffic acquisition, exceeded forecasts at $72 billion, up from last year's $63.12 billion, the shortfall in advertising revenue drew investor attention. On a brighter note, Google's cloud division outperformed, with revenues surpassing $9 billion, a 26% increase from the previous year, underscoring its growing role in AI development. Despite this, Google still trails behind Amazon and Microsoft in the cloud market. WHAT'S MOVING [Group 1742 (14)-2] [Start Trading](113/cXx8Z04/VWhCyy6wQ1rkW1SJtwj5bCKDLW5_BCzp58YldCN93kXGj2-ZVTW6N1vHY6lZ3q7W8rKgvd1gPTH6N1bm5WZ6q3byW4v6rM05v-kH3W4xbPWX4zP1xQN1kJwBNybDclW2Dm7Df8F0jGgW1VzpRp8-f0scW3wSRPV1KQSK8W87JcLd6xYrZwW3bFldy2RyjnXW3M6Qx93B5dSwN6TPwr1NblGWW1rg6Dq41MYprW7Ngc8-6n3jqtW5W-hlr5NDXSyW1Yzlwn1MJQ4tW8vhlSz5dwS1MW2qPX-L28R5WvW2_k8L28Dg6RZW7bxsKw8sWS0WW73k1NH8_S5DNW8GzHlD2Wx_qJf1JQGH404) [Group 3 (13)-2] US Banks Rise US banks rose and Morgan Stanleys analysts turned bullish on large cap banking on Tuesday, Citigroup lead the way up 4.9%, followed by Bank of America and Goldman up 3.7% and 3.9% respectively. [Group 1750 (13)] UPS UPS reported mixed results for its fourth quarter, not meeting revenue forecasts for the sixth consecutive quarter. In a bid to trim costs by $1 billion, the company is set to eliminate 12,000 positions as part of a new cost-reduction plan. The stick is down 8.2% [Group 1752 (6)] Supermicro Since 2023, Supermicro has seen stock market success, fuelled by the AI industry's demand for its high-performance servers and storage solutions. The company's quarterly revenue surged to $3.66 billion, a 103% increase, with adjusted earnings per share rising to $5.59, surpassing expectations. WHAT'S COMING UP? *USD: Fed Interest Rate Decision: Exp. 5.50% v Prev. 5.50%* EUR: German CPI (MoM) (Jan): Exp. 0.2% v Prev. 0.1% USD: ADP Nonfarm Employment (Jan): Exp. 145K v Prev. 164K USD: Chicago PMI (Jan): Exp. 48.0 v Prev. 46.9 USD: Crude Oil Inventories: Exp. -0.217M v Prev. -9.233M IN OTHER NEWS Wall Street Nasdaq 100 futures dropped 0.8% Tuesday evening following quarterly earnings reports from major tech firms, with investors also focused on the upcoming Federal Reserve rate decision. S&P 500 futures fell by 0.4%, whereas Dow Jones futures remained steady. [Group 1769] Europe & Asia-Pacific European stocks are poised for a varied start on Wednesday, with investors eyeing the upcoming U.S. Federal Reserve monetary policy announcement. Meanwhile, Asia-Pacific markets dipped in anticipation of the Fed's rate decision and after evaluating economic data from various countries, including China and Australia. MARKET INSIGHTS Star Power Economics: The Market Impact of Celebrity Endorsements Ever wondered how the charm of George Clooney or the athletic prowess of Michael Jordan could impact the stock price of your favorite coffee brand or sports apparel? 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