Connect with us

Published

on

Alphabetannounced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.

Just three months ago, Alphabet’s Big Tech rival, Meta Platforms, announced its own first-ever dividend, a move that lifted the social media company’s stock market value by $196 billion the following day. Amazon remains the lone holdout among Big Tech firms not offering a dividend.

Alphabet beat expectations for the quarter in sales, profit and advertising – metrics that are all closely watched.

“Alphabet’s announced dividend payouts and buybacks on top of the solid earnings beat are not only a breath of fresh air for the tech market as a whole, but also a very intelligent strategy for the search engine giant going into a tough time of the year,” said Thomas Monteiro, senior analyst at Investing.com.

Alphabet’s after-hours share surge of nearly 16% following the report increased its stock market value by about $300 billion to over $2 trillion.

In a call to discuss results, CEO Sundar Pichai touted Google’s AI offerings as a boon to its core search results. “We are encouraged that we are seeing an increase in search usage among people who are using the AI overviews,” he said.

Revenue was $80.54 billion for the quarter ended March 31, compared with estimates of $78.59 billion, according to LSEG data.

The search firm’s beat on first-quarter revenue was powered by rising demand for its cloud services on the back of increasing adoption of artificial intelligence and steady advertising spending.

Google reported advertising sales rose 13% in the quarter to $61.7 billion. That compares with the average estimate of $60.2 billion, according to LSEG data.

Alphabet is coming off a fourth quarter in which ad sales missed the mark, sending shares tumbling, amid rising competition from Amazon, Facebook and new entrants like TikTok. The latter faces an uncertain future after President Biden signed a bill that would ban the popular app if it is not sold within the next nine to 12 months.

Meanwhile, Google Cloud revenue grew 28% in the first quarter, boosted by a boom in generative AI tools that rely on cloud services to deliver the technology to customers.

Alphabet’s capital expenditures were $12 billion, a 91% rise from a year prior, a figure Gabelli Funds portfolio manager Hanna Howard called “higher than anticipated.”

Still, CFO Ruth Porat said on the call with analysts that she expects such expenditures to be at that level or higher throughout the remainder of the year, as the company spends to build artificial-intelligence offerings.

Despite the surge in capital expenditures, Porat said operating margin in 2024 would be higher than last year, without elaborating.

Google’s cloud services are attractive for venture capital-backed startups developing generative AI technologies due to their pricing and ease of integration with other tools, investors and experts have previously said.

Google has touted its AI-powered chatbot, Gemini, as a panacea for automation, from coding to document creation. The software was widely criticized, however, after it was found to generate historically inaccurate images, including of former US leaders and World War Two-era German soldiers.

Google has said it is aware of the issues and is working to address them.

Continue Reading

Entertainment

Stanley Tucci on Italian politics – through the prism of food

Published

on

By

Stanley Tucci on Italian politics - through the prism of food

Stanley Tucci says he doesn’t understand why there has been a sudden rise in the “very far right”.

The 64-year-old actor, author and food connoisseur leads a new show aptly named Tucci In Italy, where he looks at the world-renowned cuisine and how its ingredients tell much more than just what is served on the plate.

Speaking to Sky News, he says painting the full picture of the Italian landscape was the driving force behind the show and that he made a conscious decision to include stories from all backgrounds.

Mr Tucci tries lampredotto while in Florence. Pic: National Geographic/Matt Holyoak
Image:
Stanley Tucci tries lampredotto while in Florence. Pic: National Geographic/Matt Holyoak

“I asked that we include a story about a gay couple and their children, whether it was adopted or surrogate or however, because I thought it was a really interesting story.

“I am confused as to the direction that so much of the world is heading now to the very far right and sort of vilifying the other, meaning people who aren’t like us, but I don’t quite know what that means because we are all so different.

“There is no us, right? We’re all different, so I don’t know what the problem is there.”

Canci checi, a Ladin staple consisting of fried ravioli.  Pic: National Geographic
Image:
Canci checi, a Ladin staple consisting of fried ravioli. Pic: National Geographic

Mr Tucci cooks at BBQ joint Ristoro Mucciante in Abruzzo with one of the owners, Rodolfo Mucciante, right.  Pic: National Geographic/Matt Holyoak
Image:
Tucci cooks at BBQ joint ristoro mucciante in Abruzzo with one of the owners, Rodolfo Mucciante, right. Pic: National Geographic/Matt Holyoak

Tucci adds that he wants to “look at what’s happening in Italy politically and how it’s affecting people but, of course, all through the prism of food”.

More on Italy

“Those people are sitting there having a traditional Sunday lunch with the grandparents, with the grandkid, and they’re a family and yet the government says they’re not a family.

“I think that’s really interesting because Italy puts so much emphasis on family and for all practical purposes, Italy has a negative birth rate so why wouldn’t you want to welcome more children into your society who are Italian?”

Chef and owner Matilde Pettini opened Dalla Lola in 2021 and discusses their dishes with Mr Tucci. Pic: National Geographic/Matt Holyoak
Image:
Chef and owner Matilde Pettini opened Dalla Lola in 2021 and discusses their dishes with Tucci. Pic: National Geographic/Matt Holyoak

Ramadan El Sabawy hands Stanley Tucci a plate with his son's crispy Margherita Pizza. Pic: National Geographic
Image:
Ramadan El Sabawy hands Tucci a plate with his son’s crispy margherita pizza. Pic: National Geographic

In 2016, Italy passed a law that now recognises civil unions for same-sex couples in the country.

It grants couples many of the same rights and financial protections as married heterosexual couples, however, it doesn’t give LGBT+ couples the right to joint adoption or in vitro fertilisation.

In 2023, the Italian government extended its initial ban on surrogacy to include arrangements made by its citizens abroad.

Its legislation subjects any intended parent who breaks the law to jail terms of up to two years and fines of up to €1m (£846,000).

The law doesn’t include those children who were already registered before it came into effect.

Stanley Tucci holding a cheese made in Lazio. Pic: National Geographic/Matt Holyoak
Image:
Tucci holding a cheese made in Lazio. Pic: National Geographic/Matt Holyoak

Torcinello, a traditional sausage, served with scampi, sea asparagus, and sweet pepper sauce. Pic: National Geographic
Image:
Torcinello, a traditional sausage, served with scampi, sea asparagus, and sweet pepper sauce. Pic: National Geographic

The buzzword on social media over the last few weeks has been “conclave” following the death of Pope Francis and of course, the Oscar-winning film of the same name.

Our interview took place just before the real conclave took place, which resulted in Pope Leo XIV becoming the first American-born leader of the Catholic Church.

Starring in the film alongside Ralph Fiennes, Tucci became inadvertently connected to the news agenda when life began to imitate art.

“It’s fascinating. I mean, look, I don’t know anything about it, really, other than I made a movie about it. That’s all I know. But it is, the timing of it is unfortunate, but it’s also oddly coincidental.”

Tucci In Italy looks at traditional Italian cuisine but also explores the impact history, changing political landscapes, migration and culture can have on a dinner plate.

Timballo being cut, revealing the intricate layers of crespelle and meatballs inside. Pic: National Geographic
Image:
Timballo being cut, revealing the intricate layers of crespelle and meatballs inside. Pic: National Geographic

Mr Tucci fly fishes in a glacial river with locals. Pic: National Geographic/Matt Holyoak
Image:
Mr Tucci fly fishes in a glacial river with locals in Trentino-Alto Adige. Pic: National Geographic/Matt Holyoak

Hay soup in a loaf of homemade bread, served in the restaurant Gostner Schwaige. Pic: National Geographic
Image:
Hay soup in a loaf of homemade bread, served in the restaurant Gostner Schwaige. Pic: National Geographic

Read more from Sky News:
Dance artist Moby on the destructive force of fame
David Attenborough’s new film ‘biggest message he’s ever told’

He visits the northern area of Trentino-Alto Adige, which borders Austria, to look at how Mussolini’s intense policies regarding German identity shaped the area and people today.

“It’s an incredibly beautiful region, but also it’s the way those two cultures have figured out a way to get along without violence, without blame, without hating each other, without divisiveness.

“I think it’s really wonderful. It’s a testament to… How easy it can be for us to get along.”

Tucci In Italy premieres 21 May at 8pm on National Geographic and all episodes stream from 19 May on Disney+.

Continue Reading

Sports

Knights score with 0.4 left to stun Oilers in Game 3

Published

on

By

Knights score with 0.4 left to stun Oilers in Game 3

EDMONTON, Alberta — Reilly Smith scored with 0.4 seconds left on a shot that deflected in off Edmonton forward Leon Draisaitl‘s stick to give the Vegas Golden Knights a stunning 4-3 victory in Game 3 on Saturday night.

Smith’s goal is tied for the latest game winner in regulation in Stanley Cup playoffs history along with Nazem Kadri‘s goal for the Colorado Avalanche in 2020 and Jussi Jokinen’s goal for the Carolina Hurricanes in 2009, according to ESPN Research.

“Honestly, I’ve seen [Vegas forward William Karlsson] use that play a few times where he forechecks and spins it out in front of the net, jumping off the bench,” Smith said when asked about the play. “I think there was around seven seconds. I just tried. And being first on it. … So I thought there was a chance. And once it popped out I saw a lot of guys sell out. So I just hope that I had enough time to kind of pump-fake and find a lane and, you know, worked out.”

The game-winning goal came after Oilers star Connor McDavid tied it with 3:02 to go with a centering pass that went in off defender Brayden McNabb‘s skate.

“We didn’t sort it out very well to let the puck get into the slot. After that, it’s unlucky, it’s unfortunate,” Draisaitl said of the game-winning goal. “It goes off my stick, and I’m just trying to keep it out of the net. It’s just a bad bounce.”

After Corey Perry gave Edmonton an early 2-0 lead, Nicolas Roy and Smith tied it with goals in a 54-second span late in the first period. Karlsson put the Golden Knights in front with 2:55 left in the second, beating goalie Stuart Skinner off a give-and-go play with Noah Hanifin. And Adin Hill made 17 saves for Vegas.

The Golden Knights’ win Saturday cut Edmonton’s lead to 2-1 in the Western Conference semifinal series. Game 4 is Monday night in Edmonton.

“Before the series starts, if you were to tell us that we were gonna be up 2-1 after three, we’d be happy,” Edmonton coach Kris Knoblauch said. “We’d be pleased with that, not only up 2-1, but Game 4 at home.”

Vegas rallied in the first period after Golden Knights forward Mark Stone left because of an upper-body injury.

“Big win for our team,” Smith said. “We need to use the momentum in front of us to push forward, but focus one game at a time. That’s kind of always been the mindset for this group. We have a lot of resiliency. So as long as you focus on that next game and get a little bit better every night.”

Roy, playing a day after being fined but not suspended for cross-checking Trent Frederic in the face in overtime in Game 2, cut it to 2-1 off a rebound with 4:43 left in the first. Smith then slipped a backhander through Skinner’s legs with 3:49 to go in the period.

Skinner stopped 20 shots, taking over in goal for the injured Calvin Pickard. Pickard appeared uncomfortable and was seen shaking out his left leg after Vegas forward Tomas Hertl landed on his left pad in Game 2.

The Associated Press contributed to this report.

Continue Reading

Sports

McCullers: Family got death threats during loss

Published

on

By

McCullers: Family got death threats during loss

Houston Astros right-hander Lance McCullers Jr. said he and his family were the subjects of death threats made on social media after he allowed seven runs as part of a 10-run first inning for the Cincinnati Reds on Saturday night.

A team spokesperson said the Astros notified the Houston Police Department and Major League Baseball security about the threats.

“I understand people are very passionate and people love the Astros and love sports, but threatening to find my kids and murder them is a little bit tough to deal with,” McCullers said. “So just as a father I think there have been many, many threats over the years aimed at me mostly, and I think actually one or two people from other issues around baseball actually had to go to jail for things like that. But I think bringing kids into the equation, threatening to find them or next time they see us in public, they’re gonna stab my kids to death, things like that, it’s tough to hear as a dad.”

McCullers and his wife, Kara, have two young daughters.

McCullers (0-1) was making just his second start since Game 3 of the 2022 World Series after battling a series of right arm issues. An All-Star in 2018, he has spent all eight of his big league seasons in Houston.

A visibly upset manager Joe Espada addressed the threats at his postgame news conference.

“There are people who are threatening his life and the life of his kids because of his performance,” Espada said. “It is very unfortunate that we have to deal with this. After all he’s done for this city, for his team, the fact that we have to talk about that in my office — I got kids too and it really drives me nuts that we have to deal with this. Very sad, very, very sad.

“Listen, he hasn’t pitched in 2½ years. … It’s going to take a little bit of time to get him going. And that’s fine. But this can’t happen. I’m really upset that this can happen to athletes.”

McCullers struggled with his command from the start Saturday. He walked leadoff hitter TJ Friedl before plunking Matt McLain on the backside. Elly De La Cruz then smacked an opposite-field, three-run homer to left to make it 3-0.

McCullers walked two more batters with one out before Tyler Stephenson hit an RBI single. Will Benson followed with an RBI double to make it 5-0 and chase McCullers.

He was replaced by Logan VanWey, but the Reds kept piling on, sending 15 batters to the plate before Santiago Espinal finally struck out to end the inning.

It was Cincinnati’s most runs in a first inning since August 1989, when they scored 14, also against the Astros.

“If you fail you fail on a very large stage [with] a lot of eyes and there’s nowhere to hide,” McCullers said. “At the end of the day, I just want to do my job. I just want to be a good pitcher for the Astros and I believe I’ll get there, but like I said I just think that having to worry about that, worry about leaving town and leaving them and things like that or dropping her off at school, I just think … there should be some type of decency.”

The Reds went on to win Saturday’s game 13-9 as Houston lost for the fourth time in the past six games.

Information from The Associated Press was used in this report.

Continue Reading

Trending