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The Latest Breaking News from Alphabet

This week's tech selloff shows Wall Street is getting nervous about businesses betting the bank on AI

Investors had hoped companies would get a quick payoff from developing and deploying AI. But that's looking less likely as the costs spiral and revenue lags.

Will Big Tech earnings calls stop massive stock market rotation?

Will Big Tech earnings calls stop massive stock market rotation?

Most of the tech giants maintain immense profitability and a head start in the AI race, but more good news might not buoy the markets.

Alphabet Shows Lower Free Cash Flow Based on AI Spending - But GOOG Stock Could Still Be Cheap

Alphabet Shows Lower Free Cash Flow Based on AI Spending - But GOOG Stock Could Still Be Cheap

Alphabet produced strong revenue and free cash flow results for Q2. However, GOOG stock is lower as the market did not like that the FCF margins fell. Nevertheless, the stock still looks cheap going forward.

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Stock Market Diverges, With Tesla, Google, ServiceNow, GE In Focus: Weekly Review

The stock market remained split, with small caps leading and the Nasdaq tumbling, led by Google and Tesla.

Investors Business Daily

Astronomical AI Spending Is Causing Jitters on Wall Street

Amid rampant excitement over artificial intelligence, a new round of skepticism is taking hold. Here are four forecasts about the future of generative AI.

Stocks Mostly Higher In Asia, U.S. Futures And Oil Rise

Asian markets mostly up, U.S. futures and oil rise. Mixed day on Wall Street with Big Tech losses. Positive economic data boosts hopes for smaller companies.

Drone food delivery is spreading across Australia. Research suggests we will eat more junk food as a result

Last week, a drone delivery company called Wing (owned by Google’s parent company, Alphabet) started operating in Melbourne. Some 250,000 residents in parts of the city’s eastern suburbs can now order food from cafes and restaurants via the DoorDash app and have it brought to them in minutes by a…

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Asian Markets Battle To Recover From Tech Rout After US Data

Asian Markets Battle To Recover From Tech Rout After US Data

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.

International Business Times

Google faces a new threat from OpenAI

Google faces a new threat from OpenAI

The artificial intelligence startup is testing a new prototype.

Dow Jones Futures Rise As Nvidia Fights AI Fatigue; Fed's Inflation Data Due

Dow Jones Futures Rise As Nvidia Fights AI Fatigue; Fed's Inflation Data Due

Small caps jumped as the Nasdaq and Nvidia fight AI fatigue. ServiceNow broke out. The Fed's key inflation gauge is due.

Investors Business Daily

Google Stock Falls On OpenAI's SearchGPT Debut

Google Stock Falls On OpenAI's SearchGPT Debut

Artificial intelligence leader Open AI on Thursday rolled out SearchGPT, a challenger to Alphabet's core business. Google stock tumbled on the news.

Investors Business Daily

Big Tech’s $1 trillion sell-off triggers worst day for stock markets since 2022

Big Tech’s $1 trillion sell-off triggers worst day for stock markets since 2022

Excessive AI spending and geopolitical risks are prompting investors to cash in their chips.

Stock markets tumble amid jitters over tech companies’ growth

Stock markets tumble amid jitters over tech companies’ growth

Losses in Europe and Asia are driven by AI-related groups including Nvidia, Tesla and Google-owner Alphabet

The Guardian - UK

These Two Market Indicators Are Flashing Warning Signals For US Stocks

These Two Market Indicators Are Flashing Warning Signals For US Stocks

The Cboe Volatility Index jumped to a three-month high of 18.46 while Warren Buffett's time-tested stock market valuation indicator reached record levels of 200%.

International Business Times UK

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Sundar Pichai wants real world results for his AI bots—so Google gave bonuses and golden bomber jackets to staff who came up with winning prompts

"I think we are in this phase where we have to deeply work and make sure on these use cases, on these workflows, we are driving deeper progress and unlocking value, which I’m very bullish will happen."

Markets Track Tech-led Plunge On Wall St, Yen Extends Gains

Tokyo's Nikkei led the retreat in equities, diving more than three percent, with a stronger yen adding to the downward pressure on exporters.

The Independent UK

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

Global shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive

International Business Times

Asian Markets Track Tech-led Plunge On Wall St, Yen Extends Gains

Asian markets tumbled Thursday after a tech-fuelled sell-off saw Wall Street tank, as disappointing earnings caused traders to panic that a months-long rally in the sector may have been overdone.

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The Independent UK

Nasdaq takes biggest dive in nearly 2 years as tech earnings spark selloff

The Nasdaq, S&P 500 and Dow Jones all went down after tech companies’ Q2 results

Box CEO says to back Kamala Harris he’ll need see 'a 10-point plan for pro-business, pro-tech, pro-entrepreneurship'

During her time in California state politics Vice President Kamala Harris had to both court and regulate Big Tech.

The Guardian - US

Wall Street suffers worst day since 2022 as Tesla and Google earnings disappoint

Tech-focused Nasdaq retreats 3.6% and S&P 500 also down in wake of lacklustre results from big-tech companies

A Zeekr May Be Your Next Waymo Taxi In The U.S.

The Swedish-designed electric minivan has a removable steering wheel, which could help Waymo go over any regulatory speed bump.

Stocks Plunge on Disappointing Tesla and Google Earnings News and Chip Weakness

The S&P 500 Index ($SPX ) (SPY ) today is down -1.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.60%. Stocks are trading sharply lower on disappointing earnings reports late Wednesday from Tesla (TSLA...

Homebuyers are still waiting out high mortgage rates

Mortgage applications dropped another 4%, despite rates being at their lowest level since February 2024.

Investors Business Daily

Dow Jones Plunges 500 Points; Nasdaq Routed 3.6% As Tesla, Google Sell Off (Live Coverage)

The major indexes sold off hard on Wednesday with the Nasdaq the biggest loser. A solar stock bucked the trend and popped.

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