Stock market today: Nasdaq drops over 2%, Dow and S&P 500 tumble as Big Tech gets crushed, oil prices surge
US stocks were hammered on Thursday as the latest AI spending outlooks from Alphabet (GOOG) and Tesla (TSLA)…
Google Cloud is becoming Alphabet’s new profit engine: Chart of the Day
Google Cloud delivered one of the rarest combinations in Big Tech — faster growth and wider profitability at…
Google’s extreme AI capex spending plans trigger a technical warning on the stock price
Alphabet (GOOG, GOOGL) had been the best-performing “Magnificent Seven” stock of the year coming into its second quarter…
Oil prices rise another 3%, while Wall Street drifts in mixed trading
NEW YORK (AP) — The U.S. stock market is drifting in mixed trading Wednesday, while oil prices climb…
Stock market today: Dow, S&P 500, Nasdaq diverge with Alphabet, Tesla earnings on deck
US stocks diverged on Wednesday as investors looked ahead to earnings from Alphabet (GOOG) and Tesla (TSLA) after the…
Stock market today: Dow, S&P 500, Nasdaq futures slide with Alphabet, Tesla earnings on deck
US stocks pulled back on Wednesday as investors looked ahead to earnings from Alphabet (GOOG) and Tesla (TSLA) after…
Warsh vows to crush inflation but offers no hint on the Fed’s next move
WASHINGTON (AP) — Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a…
Hundreds of economists say ‘we must act now’ on AI’s economic impact
SAN FRANCISCO (AP) — Hundreds of economists say in an open letter that institutions “must act now” to…
Trump is gifted a gem-encrusted ring by a Belgian diamond group
BRUSSELS (AP) — Dozens of diamonds spell out two giant letter T’s next to the Stars and Stripes…
Alphabet slides over 6% as AI brain drain and SpaceX slump converge
Investing.com — Google-parent Alphabet (NASDAQ:GOOGL) is trading down 6.8% at $343 on Monday, on pace for one of…
California labor union could scale back billionaire tax proposal
SACRAMENTO, Calif. (AP) — A labor union behind a controversial tax on California billionaires significantly scaled back its…
New Berkshire Hathaway CEO Greg Abel Has Now Plowed $26.6 Billion Into This Artificial Intelligence (AI) Stock
Berkshire Hathaway CEO Greg Abel is keeping plenty busy in his new job. Two days after Berkshire announced…