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Alphabet’s Profit Falls 34% Amid Ads Slowdown
Google’s parent company reported its fourth consecutive drop in quarterly profit, weeks after culling 6 percent of its work force to cut costs.
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Amazon Reports Almost No Profit and Slowing Growth
The company indicated the reduced growth and tight margins would continue in the first three months of this year.
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Falling Mortgage Rates Bring Some Home Buyers Back to Market
The average rate on a 30-year fixed-rate mortgage fell to 6.09 percent this week, the lowest in five months. Buyers are returning, but experts say the state of the economy will drive the market’s next moves.
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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European Central Bank Raises Rates by a Half-Point
The bank raised rates by half a point and said it expected to do the same in March, but traders are betting there will not be many more increases after that.
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Shell’s Profit Soared to $42 Billion in 2022
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
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Meta Soars by Most in Decade, Adding $100 Billion in Value
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
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Harvard is shutting down project that studied social media misinformation
The Technology and Social Change Project, which has published research into the spread of coronavirus hoaxes and online incitement ahead of Jan. 6 Capitol riot, will be eliminated in 2024.
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House Ousts Ilhan Omar From Foreign Affairs Panel as G.O.P. Exacts Revenge
In a highly politicized vote, the Republican-led chamber criticized Ms. Omar’s statements about Israel, delivering retribution for the removal of G.O.P. members when Democrats held the majority.
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Trump Won’t Commit to Backing the G.O.P. Nominee in 2024
The former president faces several potential Republican challengers in his bid for the White House.