Business

Google parent company Alphabet joined a handful of rival tech giants paying dividends, announcing its first-ever planned payout during its latest quarterly results, which were driven by momentum in search and plans to be even more dominant in AI.  The $0.20 cash dividend will be paid June 17 to shareholders…

The Federal Communications Commission (FCC) on Thursday voted to approve a regulation that will reinstate net neutrality rules that allow the agency to regulate broadband internet access as a telecommunications service. Net neutrality rules were first imposed during the Obama administration in 2015 but were repealed in 2017 after the…

Meta Platforms has been increasingly pursuing artificial intelligence and, according to CEO Mark Zuckerberg, generating significant revenue from it will take a while. Speaking on the first-quarter earnings call Wednesday evening, Zuckerberg said the corporate parent of Facebook, Instagram, Whatsapp and Threads would invest “significantly more” to support and help…

U.S. gross domestic product (GDP) dropped faster than expected in the first quarter, but a key metric used by the Federal Reserve to measure inflation kept rising, according to the Bureau of Economic Analysis (BEA).  Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the…

Rich Handler recently offloaded a boatload of Jefferies Financial Group stock. The investment bank on Wednesday disclosed the transaction in both a press release and Securities and Exchange Commission filing, saying its CEO had done so “to facilitate the purchase of a personal boat and to pay tax obligations.”The sale…

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