Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
Fed’s Powell hints 25 bps cut may be last of 2025 BOJ expected to leave rates on hold for now ECB also seen standing pat Trump and Xi to meet in South Korea, de-escalation expected U.S. tech sector earnings weigh on stocks SINGAPORE, Oct 30 (Reuters) – Asian stocks fluctuated between gains and losses early…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…
Oct 28 (Reuters) – Nvidia (NVDA.O), opens new tab was on the verge of becoming the first company worth $5 trillion on Tuesday after the heavyweight chipmaker said it had $500 billion in bookings for its artificial intelligence processors and that it will build seven new supercomputers for the U.S. Department of Energy. Nvidia’s stock…
Judge reverses February 2024 class certification Apple monopolization said to result in higher prices Disappointed plaintiffs to review next steps, lawyer says Oct 27 (Reuters) – A federal judge decertified on Monday a class action by tens of millions of Apple (AAPL.O), opens new tab customers who accused the company of monopolizing the market for…
Oct 27 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large, Finance and Markets Sign up here. Trade and inflation relief are driving world stock markets sharply higher on Monday, as we begin a packed week of big central bank meetings and heavyweight tech earnings. I’ll get…
The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration/File Photo LONDON, Aug 5 (Reuters Breakingviews) – Investors’ love for dating apps is under strain. Dissatisfied younger users are hitting the revenues of companies like Tinder owner Match Group (MTCH.O), opens new tab. But some…
People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik HONG KONG, June 30 (Reuters Breakingviews) – To divine the fate of Hong Kong’s market, look to two of the year’s biggest offerings: Contemporary Amperex Technology (300750.SZ), opens new tab, the…