business

Jon Keegan2/4/25

Alphabet stock drops as Q4 revenue misses expectations

Alphabet’s stock dropped after the tech giant posted Q4 revenue that fell short of Wall Street’s expectations, showing its growth continuing to slow.

Another big surprise was Alphabet CEO Sundar Pichai saying the company expects to spend a whopping $75 billion on capital expenditures in 2025, sharply higher than the consensus estimate of $57.9 billion. That continues a trend of the biggest tech companies pouring buckets of money into capex.

Shares were down 7.1% after-hours and fell as much as 8% right after the report.

For the quarter, Alphabet posted a whopping $96.5 billion in revenue, a 12% increase year over year. But analysts were expecting revenue of $96.7 billion.

Net income increased 28% year over year to $26.5 billion. EPS came in at $2.15, slightly edging out analysts’ expectations of $2.14.

For FY 2024, Alphabet’s revenue grew 14% year over year to $350 billion

Let’s break down the results for Alphabet’s many divisions:

📺 YouTube’s Q4 ad revenue grew 13.8% to $10.5 billion.
☁️ Google Cloud revenue for Q4 was $12 billion, up 30% year over year, driven by growth in generative AI.
🔎 Google’s search business brought in $54 billion, up 12.5%.
💰 Google advertising revenue was $72.4 billion, a 10.6% increase year over year.

In the earnings release, Pichai said:

“Our results show the power of our differentiated full-stack approach to AI innovation and the continued strength of our core businesses. We are confident about the opportunities ahead, and to accelerate our progress, we expect to invest approximately $75 billion in capital expenditures in 2025.”

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Domino’s just announced its first rebrand in 13 years — maybe a new, “doughier” font will help sales pick up

Shaboozey! Domino’s Sans! Hotter colors as a nod to the melty heat of a pizza pulled fresh from the oven!

In a buzzword-laden justification of its rebrand yesterday, Domino’s laid plain its new aesthetic direction, coined the term “cravemark,” and announced it would be bringing the focus back to its food, having (at least in its executive vice president’s words) become known as “a technology company that happens to sell pizza” over the last decade.

It can’t go any worse than Cracker Barrel’s refresh efforts, at least...

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod [sic] to pizza, with personality baked right in.”

Domino’s is down about 2% so far this year.

Domino's® New Craveable Brand Refresh Makes You Say "Mmm" | Domino's Pizza

The raft of changes, which will roll out across the US and other international markets in the coming months, includes a new “audio and visual expression” of the brand’s name (throwing a few extra M’s on the boxes and getting country/hip-hop artist Shaboozey to elongate the letter in a jingle); brighter packaging and hotter colors; “more youthful” team uniforms (company-color Salomons and an apron with “pizza is brat” on it, maybe?); and a new “Domino’s Sans” font, which is “thicker and doughier” and has circles and semicircles “in nod [sic] to pizza, with personality baked right in.”

Domino’s is down about 2% so far this year.

business

Claire Yubin Oh4h

Ferrari sinks after unveiling first electric car; 2030 strategic plan and guidance underwhelms investors after halving its EV target

Ferrari is 14% in the red in premarket trading after unveiling its first electric car, while simultaneously scaling back its electrification plans to focus on its petrol and hybrid lineup until 2030.

In an event at its headquarters in northern Italy, the company lifted the hood on its new, production-ready “Elettrica” model, finally offering a glimpse into the iconic carmaker’s progress on its EV plan, which was announced back in 2022. The Elettrica is due to be delivered from late 2026, per the company’s 2030 strategic plan.

Still, as Ferrari CEO Benedetto Vigna was keen to emphasize, “The EV is an addition, not a transition,” suggesting that the new electric model will complement, not replace, the company’s existing lineup.

In the carmaker’s 2030 plan, released later in the day, Ferrari disclosed that it aims for a lineup made up of 40% internal combustion engine models, 40% hybrids, and 20% fully electric cars by 2030 — dialing down its 2022 ambitions for electrification, when the targets for EVs and ICE models were flipped.

Though Ferrari has ramped up its hybrid production since 2022, shipments have plateaued in recent quarters.

Ferrari hybrid vs petrol engine — Sherwood News

Delta Airlines Withdraws 2025 Guidance Citing Tariff Disruptions

Delta climbs after beating on both sales and profit, forecasts a strong end to 2025

It’s been a turbulent ride for Delta this year, but shares are rising in early trading on Thursday.

Max Knoblauch5h

business

Max Knoblauch22h

After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credit’s expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

Exclusive: GM backtracks on plan to claim last-minute EV tax credits

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credit’s expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

President Trump Delivers An Announcement From The Oval Office

Can pharma companies put tariff threats behind them?

Big Pharma may have gotten Trump off its back for now. But are drug prices coming down?

J. Edward Moreno10/6/25

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