On Monday, the State Council, China's cabinet, said the country would adopt a more "vigorous" fiscal policy, while in an unexpected move, China's central bank lent 502 billion yuan ($74.36 billion) to financial institutions via its one-year medium-term lending facility (MLF), stepping up efforts to support lending as growth slowed.
TAC, an important metric in Google's ad business, crept up to 23% of ad revenue in Q2, up slightly from the 22% reported during the same period past year. This quarter, ads represented just 84 percent of Google's overall revenues . Daniel Ives of GBH Insights said in a research note that despite some regulatory concerns, "advertising and "bread and butter" search revenues were healthy and a good barometer of potential strength heading into the rest of 2018/2019".
Alphabet's $32.66 billion in second-quarter revenue, 86 percent of which came from Google's advertising business , beat an average estimate of $32.17 billion. Still, Alphabet's outlook remains tempered by cost concerns, Canaccord Genuity analyst Michael Graham said in a report this month. Adjusted earnings per share were $10.58, excluding the fine and the effects of other investments.
In early May, Musk cut off a Morgan Stanley analyst who'd asked if the company should raise more capital while it could even if it doesn't need it. Musk responded that he "specifically" didn't want to, and called the analyst's questions "so dry".
Treasury Department. The yuan's fall provides "a significant offset to the loss in export competitiveness for Chinese exporters due to higher United States tariffs", Rajiv Biswas, chief Asia economist with IHS Markit, told AFP . US PRESIDENT Donald Trump said on Friday he is willing to hit all Chinese goods imported to the United States with tariffs if necessary. The Trump administration is considering tariffs on another $200 billion in goods.
US President Donald Trump and North Korea's leader Kim Jong Un (L) arrive to sign a document to acknowledge the progress of the talks and pledge to keep momentum going, after their summit at the Capella Hotel on Sentosa island in Singapore, June 12, 2018.