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Alphabets first-quarter profit soars as Googles big AI bets help push stock to new highs
Alphabet's first-quarter profit soars as Google's big AI bets help push stock to new highs
Google parent Alphabet's cloud unit beats quarterly revenue estimates on strong AI demand
Alphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company's overall revenue also…
US stocks today: Microsoft cloud revenue accelerates as spending growth cools
Microsoft's cloud revenue saw a jump in the March quarter. Spending on infrastructure was lower than anticipated. This performance aims to reassure investors about the…
Meta lifts capital expenditure forecast, doubling down on AI push
Meta Platforms is significantly increasing its capital expenditure forecast to between $125 billion and $145 billion by 2026, doubling down on AI infrastructure investments despite…
Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI…
US stocks today: S&P, Nasdaq end flat after US Fed holds rates
Wall Street saw mixed trading as investors weighed rising crude prices, the Federal Reserve's decision to hold interest rates steady amid a divided vote, and…
Jerome Powell plans to remain on US Fed's board after term as chariman ends next month
After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,…
Jerome Powell underlines importance of Fed independence as he welcomes successor Kevin Warsh
Federal Reserve Chair Jerome Powell emphasized the critical need for the Fed to operate free from political influence to effectively serve the American people. He…
Gold extends fall after US Fed keeps rate unchanged
GLOBAL-PRECIOUS/ (UPDATE 9):PRECIOUS-Gold extends fall after US Fed keeps rate unchanged
Wall Street extends losses after Fed decision, big tech earnings on tap
USA-STOCKS/ (UPDATE 5):US STOCKS-Wall Street extends losses after Fed decision, big tech earnings on tap
Brazil Probe Ties JBS, Cargill to Vendors Linked to Slave Labor
JBS NV and Cargill Agrícola SA are defendants in a public civil action brought by Brazil prosecutors after authorities determined the companies had systematically sourced…

