Google was initially called "BackRub" in 1996, reflecting the way it analyzed backlinks to measure website importance.
Market Wrap
U.S. stock markets experienced significant gains, driven by favorable inflation data and robust earnings reports from major banks. The Consumer Price Index (CPI) for December showed a 2.9% annual increase, aligning with expectations. Notably, core inflation, which excludes food and energy prices, rose by 3.2%, slightly below the anticipated 3.3%. This moderation in core inflation has bolstered investor confidence, suggesting that the Federal Reserve may consider interest rate cuts later this year. Major financial institutions reported strong fourth-quarter results including JP Morgan and Goldman Sachs, helping to feed the bullish sentiment.
The stock saw an uptick after Barclays analysts raised their price target, citing the company's advancements in self-driving technology and artificial intelligence.
