Microsoft (MSFT) CEO Satya Nadella testifies in the antitrust case against Google (GOOG, GOOGL). Oddity Tech (ODD) reports significant revenue growth. Lastly, automaker General Motors (GM) furloughs 160 additional workers amid expanding UAW strike and labor negotiations. Yahoo Finance Live's Julie Hyman highlights several of Monday's top headlines. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Microsoft chief executive Satya Nadella called the idea that users have choice in internet search “bogus” because of contracts that make Google the default search engine on mobile devices. During his testimony in an antitrust trial pitting Google against the US Department of Justice, Nadella on Monday took aim at the agreements that the US government’s case is challenging. Washington accuses Google of preserving dominance in internet search by paying more than $10bn annually to ensure it is the default search engine on mobile phones and computers.
Every investor wants to catch lightning in a bottle. With that in mind, here are two stocks that are currently breaking out, but are also likely to enjoy lengthy bull runs in the coming years: Intel (NASDAQ: INTC) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). When it comes to Intel, investors must understand that the company is in the middle of a turnaround.