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Speaking during the company's second-quarter earnings call, CEO Dan Schulman said Verizon will provide dark fiber to connect Google's data centers.
Jamie Dimon just warned that markets are underestimating serious global risks, and the latest oil surge suggests he has a point. But does his caution actually translate into a reason to sell, or does it reveal something more surprising about where the real opportunities are hiding?
Intel's stock is surging while the rest of the chip sector sits flat, and the reasons behind that split tell a much bigger story about where the semiconductor race is actually headed.
Shares were gaining on Friday after Intel’s earnings report signaled demand for AI chips remains strong.
Investors spent the week arguing about capital spending. The more interesting number was sitting in the segment table.
Stock closes below long-term support for the first time in a year
July 24 (Reuters) - U.S. equity funds recorded outflows for a second consecutive week as caution ahead of earnings reports from major technology companies and a renewed rise in oil prices weighed on
Micron stock and SK Hynix stock slipped lower early Friday but remain well-positioned for gains amid Big Tech earnings that have so far benefitted chips stocks but weighed on the S&P 500.
AI spending fears push Alphabet below key technical milestone
Alphabet's stake in Elon Musk's SpaceX looms as a big test for Google stock. Will Google sell SpaceX shares to fund soaring AI spending?
Uber’s ex-CEO announced a funding round for his latest venture that includes backing from Andreessen Horowitz and Uber.
Is AI causing inflation or will it combat it?
According to a Financial Times report, investors want yields above 7%, roughly 0.4 percentage points higher than Meta paid during its previous record $27 billion financing.
By Anna Szymanski July 24 (Reuters) - From the Editor Hello Morning Bid readers! Cash burn and spiking crude prices dominated market headlines this week.
July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new
By Lewis Krauskopf NEW YORK, July 24 (Reuters) - A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and
A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence. Major equity indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet and Tesla following their quarterly reports. The fallout for Google parent Alphabet, sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI "hyperscalers": Microsoft, Amazon and Meta Platforms.
Microsoft and Amazon will report results on July 29 and 30, respectively, offering a clearer read on Big Tech spending and cloud trends.
↗️ Intel (INTC): Shares climbed premarket after the chipmaker reported quarterly revenue well above analyst estimates after hours yesterday. ↗️ SAP SE (SAP): Shares in the German software company rose after it reported higher quarterly revenue from its cloud business.
The absence of fresh overnight escalations between the U.S. and Iran halted the global oil benchmark’s upward march, as investors hope leaders seek an off-ramp.
Stocks stabilized on Friday but were on track for weekly losses as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
European equity indexes largely edged higher in early trade after sharp selling in the last session, and oil pared some recent gains.
SpaceX faces a launch delay and stock dip as weather pushes Starship Flight 13 to Friday evening in Texas.
Alphabet's revenue increased by 24% to $119.8bn, marking the 12th consecutive quarter of double-digit growth.
At the end of last year, Wall Street analysts who ventured guesses on second-quarter earnings predicted 14% growth, on average. By the end of June, analysts were predicting 22% earnings growth. Stock market gains have lately lagged behind.
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