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Bloomberg Businessweek

GM Sees Higher Profits Ahead as 2023’s Problems Recede

Jan 30, 2024
57:13
Snipd AI
General Motors beats Wall Street expectations and expects higher profits this year. The FOMC rate decision is previewed. Siggi's digital detox program is discussed. American workers struggle to save enough. Alphabet and Microsoft earnings breakdown. Villere & Co's portfolio performance is analyzed. Palomar Holdings is evaluated as a promising business.
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Podcast summary created with Snipd AI

Quick takeaways

  • General Motors expects higher profits in the future due to improved sales and a strong US economy.
  • Alphabet's Q4 revenue fell short due to increased competition for its search business, but its cloud segment performed well.

Deep dives

Alphabet's Q4 Revenue Falls Short, Cloud Growth Disappoints

Alphabet's Q4 revenue fell short of estimates, primarily due to increased competition for its search business and declining ad pricing. The company's cloud segment performed better than expected, with the strength of its Google Cloud Platform workloads boosting profitability. However, the core search business remains under pressure. Alphabet's shares were down 4.4% in after-hours trading.

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