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Google parent Alphabet fell 6% this morning after the company announced plans to raise its capital spending forecast for this year to as much as $205 billion, spooking investors. The stock decline has erased roughly $255.
July 23 (Reuters) - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent years.Below are some of the most
July 23 () - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent years.Below are some of the most significant cases: GOOGLE The European Commission said on July 23 it fined Google a total of 890 million euros ($1 billion) for breaching European Union rules aimed at curbing the power of Big Tech.
SpaceX (NASDAQ:SPCX) short sellers have amassed an estimated $15. 5 billion in unrealized gains as the aerospace company’s shares continue to retreat from the highs reached shortly after its public market debut, according to data from Ortex Technologies cited by Reuters.
Stocks tumbled at the open on Thursday after earnings from Alphabet and Tesla failed to rouse the AI trade. The Dow fell 654 points, or 1.2%. Alphabet and Tesla were both down on their latest earnings reports.
Investing.com -- Rollins Inc. (NYSE: ROL) shares are down more than 18% premarket on Thursday after the pest control company reported second-quarter earnings after the close on Wednesday.
Tesla just posted record deliveries and Wall Street still hammered the stock lower by 8%, exposing a growing divide between what the company ships today and what investors are actually paying for.
By Ragini Mathur and Avinash P July 23 (Reuters) - U.S. stock indexes were on track to open lower on Thursday as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings,
American Airlines reported record quarterly revenue of $16.7 billion and adjusted EPS of $0.15, beating Wall Street estimates.
Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware. Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion.
Investing.com - U.S. stock index futures pointed lower on Thursday as investors digested another round of technology earnings and monitored escalating tensions in the Middle East that pushed oil prices back above $98 a barrel, renewing concerns over inflation and global growth.
Revenue beat expectations, but operating margin fell to 1.4% and capex more than doubled
Investing.com - Short sellers targeting SpaceX (NASDAQ:SPCX) had accumulated an estimated $15.5 billion in paper profit through Tuesday, July 22, according to Ortex Technologies data cited by Reuters, as the stock continued to unwind its spectacular post-IPO surge.
IBM’s earnings pre-announcement sent the stock into a tailspin but Wall Street isn’t giving up just yet.
Tesla missed second-quarter earnings estimates and the stock was down early Thursday. Wall Street remains firmly focused on the future, though.
Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.
R.K.C. had already settled with YouTube, TikTok, and Snap, leaving Meta as the sole defendant ahead of jury selection
LyondellBasell Industries is ready to release its second-quarter results by the end of the month, and Wall Street projects a notable triple-digit rise in earnings.
The Dallas carrier posted adjusted EPS of 94 cents against a 51-cent consensus estimate, but its third-quarter earnings outlook of 50–75 cents trailed the 82-cent analyst expectation
The company now expects constant-currency revenue growth of 4% to 5% for 2026, down from a prior forecast of over 5%
(Bloomberg) -- Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending Target Fuels
BENGALURU, July 23 (Reuters) - Infosys reported lower-than-expected quarterly revenue on Thursday as India's second-largest IT firm's clients held back spending as artificial intelligence tools
Stock futures were falling ahead of the open Thursday as investors assessed rising inflationary risks from the conflict with Iran, and a flurry of earnings reports. S&P 500 futures lost 0.5% with contracts tracking the tech-heavy Nasdaq down 0.6%. Inflation is on focus again amid renewed U.S. strikes against Iran and diminishing signs of progress in peace talks.
Stocktwits data showed retail sentiment is weak, declining to ‘extremely bearish’ on SPY and ‘bearish’ on QQQ.
(Updates with analyst comments in the headline and the last four paragraphs.) Tesla (TSLA) report
(Bloomberg) -- STMicroelectronics NV plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts’ expectations, dimming hopes for a stronger recovery on the back of artificial intelligence data center demand. Most Read from BloombergHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueRetina Chip Designed to Restore Sight to Go on Sale in EuropeApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US
The European chip maker, which also counts Apple and Tesla among its clients, raised its revenue target after having had upgraded its forecast in June.
Red Cat faces pressure from executive turmoil, lawsuit, insider selling, and weak performance and investor concerns ahead of Q2 earnings.
QuantumScape’s second-quarter net loss narrowed, but adjusted EBITDA was nearly flat, indicating limited improvement in profit.
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