Author name: millssy

International Business Machines Corp. stock rises Thursday, still underperforms market

Shares of International Business Machines Corp. IBM, +0.96% inched 0.96% higher to $136.39 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, +1.47% rising 1.47% to 4,179.76 and the Dow Jones Industrial Average DJIA, -0.11% falling 0.11% to 34,053.94. This was the stock’s …

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White House top economic advisor Brian Deese to depart mid-February

White House National Economic Council Director Brian Deese will officially leave the White House later this month in a long-awaited departure. In a statement Thursday morning, President Joe Biden praised Deese for his work on implementing his economic policies. “Brian’s work was critical to the passage of the most significant economic agenda in generations,” the …

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Alphabet misses on earnings expectations, as ad revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following …

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