The Mobile Advertising Age Google parent Alphabet said Thursday that quarterly profit soared 24%, the second internet giant in two days, following Facebook, to report blockbuster earnings driven by consumers’ rapid shift to mobile devices. Companies bought more ads on Alphabet’s search engine and other products, while users increasingly clicked on those ads. Revenue, fueled by advertising, rose 21% to $21.5 billion in the second quarter from a year earlier. Google’s success capturing advertisers and users as they shift to mobile devices is helped by its Android smartphone software, which gives its search engine and other services top billing on more than a billion devices. Advertisers’ spending on mobile search ads increased 63% in the second quarter from a year earlier, while overall search-ad spending rose just 10% over the period.
For me it is clear: we will stick to our fundamental principles...These principles mean we will give asylum to those who are politically persecuted and we will give protection to those who flee war and expulsion according to the Geneva Refugee Convention.
Going back to our story above, what are your predictions for the Rio Games? Send your comments, which we may edit before publication, to firstname.lastname@example.org. Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on the Federal Reserve opening the door to an interest rate increase later this year, Jay Davidson of Colorado said: “One might want to consider Fed Chairwoman Janet Yellen’s words politicized, coming as they did in the middle of the Democratic convention and with little evidence of an improving economy.” Daniel Souza of Connecticut commented: “The Fed is walking a tightrope between a U.S. economy that is improving and could justify a rate increase on the one hand, and a problematic global environment that is still slowing down, on the other. It is a policy dilemma that will likely plague policy makers here and confuse the markets for some time to come.” William E. Dove of Alabama opined: “No increase in rates until after the election. The Fed is not supposed to meddle in politics.” And Slade Howell of North Carolina added: “Raising rates would be the ultimate ‘stress test’ of our economy, unlikely to occur before the upcoming election. That is, unless Ms. Yellen has decided to become a Trump supporter.”
This daily briefing is named "The 10-Point" after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary "What's News" digest of top stories. Technically, "10-point" referred to the size of the typeface. The type is smaller now but the name lives on.
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