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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.

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‘Germany stands in dark hours with Magdeburg’: Memorial service held for Christmas market attack victims

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'Germany stands in dark hours with Magdeburg': Memorial service held for Christmas market attack victims

A memorial service has taken place in Magdeburg, Germany, for the victims of a Christmas market attack.

At least five people were killed and more than 200 others injured when a car ploughed into crowds shopping on Friday evening.

Chancellor Olaf Scholz (C) and German president Frank-Walter Steinmeier (R) at the memorial service. Pic: AP
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Chancellor Olaf Scholz (C) and German President Frank-Walter Steinmeier (R) at the memorial service. Pic: AP

Among those attending the service in the city’s cathedral was Chancellor Olaf Scholz, interior minister Nancy Faeser and German President Frank-Walter Steinmeier.

In a post on X, Mr Scholz described it as a “moving moment of compassion and solidarity for a deeply affected city”.

“The whole of Germany stands in these dark hours with the people of Magdeburg,” he wrote.

Magdeburg marked the tragedy on Saturday with the cathedral bells tolling at 7.04pm local time (6.04pm UK time), exactly 24 hours after the attack.

German football also paid tribute to the victims with silences before Bundesliga games on Saturday evening.

Earlier, while visiting the scene of the atrocity, Mr Scholz said: “There is no more peaceful and cheerful place than a Christmas market.

“What a terrible act it is to injure and kill so many people there with such brutality.”

Read more:
What we know about attack so far
Magdeburg in shock as it tries to make sense of the senseless

The aftermath of the Christmas market attack. Pic: Reuters
Image:
The aftermath of the Christmas market attack. Pic: Reuters

Young child among the dead

Four adults and a nine-year-old child were killed when a black BMW was driven into people at the Christmas market.

Of those injured, 41 are said to be seriously hurt, and authorities have warned the number of dead could rise.

Meanwhile, a man is being questioned by police after being arrested at the scene.

He has been named by German media as Taleb A, with his surname being withheld in line with privacy laws, although the name has not been confirmed by German authorities.

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What do we know about ‘Taleb A’?

Saudi suspect being held

The suspect is a 50-year-old Saudi citizen who worked as a doctor and arrived in Germany in 2006, premier of Saxony-Anhalt state Reiner Haseloff said.

Taleb A is being investigated for five counts of suspected murder and 205 counts of suspected attempted murder, prosecutor Horst Walter Nopens said.

The motive for the atrocity is not yet known.

Investigators are looking into whether the attack could have been motivated by the suspect’s dissatisfaction with how Germany treats Saudi refugees, Mr Nopens added.

Interior minister Nancy Faeser told reporters it was “clear” the suspect was “Islamophobic”.

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German police detain suspect

Residents in Magdeburg told Sky’s Europe correspondent Siobhan Robbins they are “shocked” and “traumatised” by the attack.

One woman said she “can’t find words to describe how traumatised we are”.

“We need a lot of time to process what happened,” she said.

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Magdeburg attack: A timeline of what happened

‘Show solidarity’

She added she wanted to attend the memorial service to “show solidarity” with others in the city and “feel collective support”.

“In such a tragedy the only thing that can help us to absorb and to process everything is to be around each other and to show our solidarity, not just with words but actions.”

Narrow escape

Andrea Reis, 57, and her daughter Julia, 34, had been at the market on Friday evening and had a narrow escape.

They could have been in the path of the car but Julia had wanted to keep walking around the market rather than stop to eat.

Andrea said: “It was the terrible sounds, children calling ‘mama, papa’, ‘help me’ – they’re going round in my head now.”

Although many people went to the site on Saturday with candles to mourn the victims, several hundred far-right protesters gathered in a central square in Magdeburg with a banner that read “remigration”, reported news agency dpa.

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Rickey Henderson was — now and forever — the greatest leadoff hitter ever

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Rickey Henderson was -- now and forever -- the greatest leadoff hitter ever

If you could name one player in the history of baseball who was the Platonic ideal of a leadoff hitter, who would you name?

Rickey.

Even today, 21 years after Rickey Henderson’s last big league appearance and as the news of his death just four days before his 66th birthday reached us, that first name is likely the immediate response to the question. That’s your answer whether you’re a Gen Xer who was a child when Henderson broke in with the Oakland Athletics, or a Gen Zer who was a child when he played his last game for the Los Angeles Dodgers 25 years later.

Rickey. If you have even a passing knowledge of baseball history, that name is all you need to answer the question. The name encapsulates so much.

Set aside for a second everything you know (or think you know) about Henderson as a one-of-a-kind personality and just consider what he was on the field. There, too, he was singular, and not just because he threw left-handed and batted righty.

For every team, the leadoff hitter is one of the most important roles on the roster — and it was a role Henderson played better than anyone before or since.

What Rickey did

Think of the crucial traits you want in a leadoff hitter: getting on base, stealing bases and scoring runs. Let’s take them in order.

1. Getting on base.

Henderson is one of just 63 players to retire with a career on-base percentage over .400. Only three players reached base more times than his career total of 5,343: Pete Rose, Barry Bonds and Ty Cobb.

Henderson started 2,890 games during his quarter century in the majors. He batted leadoff in 2,875 of those games. Rose was a leadoff hitter for the majority of his career, but he also started more than 1,100 games in other spots. Bonds started off as a leadoff hitter but is much better known for what he did further down in the lineup. Cobb started just 29 games in the leadoff slot.

In other words, no leadoff hitter has ever gotten on base more often than Henderson.

And of course, there was no player who you wanted to keep off the bases more, because he did so much damage once he was there.

2. Stealing bases.

Steals is the category that will likely always be most associated with Henderson. He’s the all-time leader in single-season steals (130 in 1982) and the career leader (1,406). That career total is almost right at 50% above the second-highest mark, Lou Brock’s 938.

It’s hard to describe how we looked at Henderson during his apex in the 1980s, a decade in which he swiped 838 bags. It almost felt like he had broken baseball. Perhaps the perfect example of this: July 29, 1989, when Henderson was playing for Oakland and facing Seattle, with future Hall of Fame lefty Randy Johnson starting for the Mariners. Henderson played the full game and did not record an official at-bat. Instead, he walked four times, stole five bases and scored four runs.

Every walk felt like at least a double but perhaps a triple; so did every single. The geometry of the sport felt inadequate to accommodate his ability. You can’t help but wonder how many bases Henderson might steal now, with the new set of steal-friendly rules in place.

Let’s say a long-ball hitter dominated the home run category over his peers the way Henderson did the stolen base column. That slugger would have finished with around 1,143 homers — or 1.5 times the final tally for Bonds.

When Henderson broke Brock’s all-time mark in 1991, he still had more than a decade left in his career. He finished that season, his age-32 campaign, with 994 steals. From age 33 on, he tacked on another 412, a total which by itself would rank 68th on the career list.

With so many things Henderson did, the scope of it all now takes on an air of mythology, because he did it so well for so long. Henderson first led the American League in steals with 100 swipes in 1980; he was 21. He last led the AL in steals in 1998 with 66 — when he was 39.

3. Scoring runs.

Despite all those stolen bases, and all those times on base, Henderson likely still saw those things as a means to his ultimate goal for any trip to the plate: scoring.

In 2009, around the time of his induction to the Hall of Fame, Henderson told reporters, “To me the most important thing was stirring things up and scoring some runs so we could win a ballgame.”

No one scored more runs. His 2,295 times crossing the plate is the record, 50 more than Cobb and 68 more than Bonds. Only eight players have ever cracked the 2,000-run barrier. The active leader — the Dodgers’ Freddie Freeman, who has played 15 years in the majors — is at 1,298, nearly 1,000 shy of the mark. It’s a staggering figure.

What Rickey meant

For much of his career, a lot of what Henderson did beyond stealing bases was underappreciated. He played so long that he was around to see perceptions of baseball value shift more than in any time in the sport’s history, but during most of his years, batting average earned more attention than on-base percentage, and RBIs held sway over runs.

The illustration of this came in 1985, when Henderson batted leadoff for a Yankees team that featured that year’s MVP, Don Mattingly. It might have been Henderson’s best overall season: He hit .314 while drawing 99 walks, stealing 80 bases, clubbing 24 homers and scoring 146 runs — his career high, a figure tied for the fourth-highest total of the integration era.

If current analytical practices were in place then, Henderson would have been the likely AL MVP, as his 9.9 bWAR total led the AL (and dwarfed that of Mattingly, who won the award with 6.5). Henderson finished third in a hotly contested race among himself, Mattingly and George Brett.

Mattingly’s 145 RBIs likely won the votes he needed for that award, but he wouldn’t have reached that total without Henderson in front of him: Donnie Baseball drove in Rickey 56 times that season. Henderson did win an MVP award in 1990 — but he probably should have won one or two more.

Eventually, the analytics caught up with Henderson’s greatness, and there are few who would dispute his stature at this point. We have WAR at our disposal now, and Henderson’s total of 111.1 is the 19th highest in the history of a sport that dates to 1871 — without a doubt, among the very best who ever put on a uniform.

Still, he was more than his numbers. For legions of Gen X baseball fans, especially those on the West Coast, he represents childhood. Whether it was the mere act of stealing a base or imitating his sleek, low-slung, head-first slide into the bag, he was one of those players you would pretend to be on the sandlot. He was one of those players you wished you could be.

If you were of that generation, you were about 10 years old when he arrived in Oakland in 1979. By the time he finally left the majors — not of his own volition, as Henderson would have played on and on if it were up to him — you were in your mid-30s, with adult responsibilities and virtually no memory of Major League Baseball without Rickey.

Henderson was almost without antecedent, the only real historical comparison being the legendary Cool Papa Bell of the Negro Leagues. Whatever you might think of Henderson given his quirky and often misinterpreted public persona, the man knew his history. He would sometimes use “Cool Papa Bell” as an alias when checking into a hotel.

My favorite anecdote about Henderson might be apocryphal, at least in that I have no way to verify it. But it’s harmless, so I’ll pass it along. There’s something beautiful in imagining it to be true.

A few years ago when I was in Cooperstown, I was chatting with a man who kept a boat on one of the docks of Otsego Lake, which spreads away from the bottom of the hill on which Cooperstown resides.

The man told me that during the weekend on which Henderson was inducted, Rickey approached him and asked how much it would cost to be taken out in the man’s boat. They agreed to a price and headed out. Henderson was “dressed to the nines” and wearing wraparound sunglasses.

The unlikely pair went out into the water a ways, then stopped. Henderson sat there looking back at the village, home to baseball’s immortals, arrayed along the hillside. He didn’t speak. Just looked, swaying with the water. After a few minutes, Henderson asked to be taken back to shore. That was it. The man had no idea what Henderson was thinking about during those minutes.

That was in 2009, four years after Henderson played his last season in independent ball in 2005. For the 39 years before that, since his pro career began in the minors in 1976 when he was 17, he did it his way, which was the perfect way.

In doing so, he became more than a player, but an archetype. Rickey, the leadoff man. No one will ever be more suited for a role on the baseball field than he was for that job. And no one is likely to ever do it better.

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Longhorns take down Clemson to advance in CFP

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Longhorns take down Clemson to advance in CFP

AUSTIN, Texas — Jaydon Blue ran for 146 yards and two touchdowns, the last a 77-yard burst in the fourth quarter, and Texas beat Clemson 38-24 on Saturday in the first round of the expanded College Football Playoff.

Blue’s fourth-quarter touchdown came after Clemson rallied from down 31-10 to 31-24 on Cade Klubnik‘s third touchdown pass.

Texas (12-2) advanced to the Jan. 1 Peach bowl to play Big 12 champion Arizona State. The Longhorns opened as 13.5-point favorites, according to ESPN BET.

“You can’t win [the championship] if you don’t win the first one,” Texas coach Steve Sarkisian said. “We did that.”

Blue also scored on a 38-yard cut-and-dash burst in the second quarter. On his second, he dove into the line, shook a tackler and then outraced three more to the end zone with just 11 minutes left.

Blue missed a game this season with a nagging ankle injury and saw his carries reduced over several games because of fumble problems. He clutched the ball tightly to his chest when a defender tried to rip it away.

“It was a sign of relief after everything I’ve been going through,” Blue said. “I stayed patient, I saw a crease and it was everything [open] from there.”

Quintrevion Wisner added 110 yards rushing and two first-half touchdowns for Texas. Quinn Ewers passed for 202 yards and a touchdown.

Klubnik, who grew up in Austin, passed for 336 yards and rallied the Tigers (10-4) in the second half against a Texas defense that had given up just four passing touchdowns all season.

The runner-up in the Southeastern Conference, Texas is the only one of last season’s four playoff teams to make the new 12-team field. Clemson won the ACC championship to make the playoff. The Tigers were the No. 12 seed in their first appearance since 2020 and seventh overall.

“It’s not easy to get on this stage [again], and they earned it,” Sarkisian said. “I think college football got this one right. This idea of a home playoff game with a 12-team format was pretty special.”

Takeaways

Clemson: The Tigers had three big fourth-down chances in the fourth quarter. They turned the first one into a touchdown when Klubnik threw to T.J. Moore. But they came up short on the next two. Keith Adams Jr. was stuffed at the Texas 1 and Klubnik’s pass at the Texas 26 was incomplete with just over a minute left.

Texas: The Longhorns had some injury scares that could be worrisome with more games ahead. Wisner, starting offensive tackle Cam Williams and center Jake Majors all left the field in two plays in the second quarter. Sarkisian said the coaching staff opted to keep Wisner and Majors out in the second half. Williams needed help to get off the field and will have tests on his knee overnight.

Up next

Clemson will try to defend its ACC title next season and earn its eighth playoff berth.

Texas moves on to face Arizona State in the next round. The Longhorns left the Big 12 before Arizona State joined that league this season.

The Associated Press contributed to this report.

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