26 mins. ago
By Sam Tabahriti
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
Apple said the App Store facilitated more than £46.5 billion ($61.8 billion) in UK billings and sales in 2025, with commissions accounting for less than 3.5% of the total. It added that there was no evidence changes to its payment model would lower prices for consumers.
#store #proposed
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment.
In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
The CMA's consultation, which closed on Monday, is part of its efforts to boost competition and consumer choice. Its proposed measures would allow app developers to direct users to payment options outside Apple's App Store and Google's Play Store and require any fees charged for such steering to be fair and reasonable.
Apple said the App Store facilitated more than £46.5 billion ($61.8 billion) in UK billings and sales in 2025, with commissions accounting for less than 3.5% of the total. It added that there was no evidence changes to its payment model would lower prices for consumers.
#store #proposed
37 mins. ago
Reddit reports second-quarter earnings on July 30. Heading into the print, the stock is down about 27% year to date, and most of that damage came from one story. The Wall Street Journal recently reported that Reddit had internally discussed restricting Google's access to its platform content for AI training, as renewal talks over their data-licensing deal hit friction. The stock dropped roughly 9% that day.
Reddit and Google signed a $60 million-a-year licensing agreement in 2024, letting Google train its AI models on Reddit's content. That's under 2% of Reddit's trailing revenue.
But investors reacted as if the number mattered less than the signal. If Reddit is willing to walk away from a live AI licensing partner, that raises questions about how durable the rest of Reddit's data business really is, and whether Google's AI-powered search results are already cutting into the referral traffic Reddit depends on. Let's break down the case.
The Growth Story Hasn't Slowed
Reddit hasn't missed an **** yst estimate since going public in 2024. Revenue growth has actually sped up: 61% year-over-year in the first quarter of 2025, then 69% in the most recent quarter. Diluted EPS rose 7x during this period. Free cash flow rose 145% year-over-year in the first quarter.
#year #Growth #hasn 't #Stock
Reddit and Google signed a $60 million-a-year licensing agreement in 2024, letting Google train its AI models on Reddit's content. That's under 2% of Reddit's trailing revenue.
But investors reacted as if the number mattered less than the signal. If Reddit is willing to walk away from a live AI licensing partner, that raises questions about how durable the rest of Reddit's data business really is, and whether Google's AI-powered search results are already cutting into the referral traffic Reddit depends on. Let's break down the case.
The Growth Story Hasn't Slowed
Reddit hasn't missed an **** yst estimate since going public in 2024. Revenue growth has actually sped up: 61% year-over-year in the first quarter of 2025, then 69% in the most recent quarter. Diluted EPS rose 7x during this period. Free cash flow rose 145% year-over-year in the first quarter.
#year #Growth #hasn 't #Stock
3 hours ago
Liverpool have agreed personal terms with Rayan "in principle" in the event that Bournemouth opt to sell the attacker this summer.
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A reputable source on X (formerly Twitter) insisted that fans should keep a close eye on this story as it develops, with the Merseysiders simultaneously pursuing Bradley Barcola at PSG.
The Brazilian enjoyed an impressive first half-season in the Premier League, registering seven goal contributions (five goals and two **** ists) in 15 games.
At 19 years of age, the right-sided winger has already impressed in a campaign that uniquely frustrated wide players as the English top-flight shifted towards more physical play and set-pieces.
#download
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A reputable source on X (formerly Twitter) insisted that fans should keep a close eye on this story as it develops, with the Merseysiders simultaneously pursuing Bradley Barcola at PSG.
The Brazilian enjoyed an impressive first half-season in the Premier League, registering seven goal contributions (five goals and two **** ists) in 15 games.
At 19 years of age, the right-sided winger has already impressed in a campaign that uniquely frustrated wide players as the English top-flight shifted towards more physical play and set-pieces.
#download
12 hours ago
It's shaping up to be an interesting earnings season for the big tech stocks. Alphabet set the tone on July 22 with a solid second-quarter earnings report that saw revenue jump 24% from a year ago to $119.76 billion. Growth in Google Cloud was even better at 82%.
One might think that investors would celebrate Alphabet's commitment to grow out its all-important artificial intelligence infrastructure, but you'd be wrong. Alphabet raised its capex guidance from $185 billion to $200 billion, and the stock promptly dropped 6%, taking several other major tech stocks with it, as investors are getting spooked by the amount of money being poured into AI right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's against this backdrop that fellow Magnificent Seven member Meta Platforms (NASDAQ:META) prepares to report its quarterly earnings after the closing bell on July 29. Meta, like Alphabet, has been spending heavily on data centers. But unlike Alphabet, it doesn't have a cloud computing division of its own to sell AI computing capacity as a revenue stream.
Is that about to change? We may get some answers when Meta steps up to the earnings podium.
#meta #NVIDIA #billion #july
One might think that investors would celebrate Alphabet's commitment to grow out its all-important artificial intelligence infrastructure, but you'd be wrong. Alphabet raised its capex guidance from $185 billion to $200 billion, and the stock promptly dropped 6%, taking several other major tech stocks with it, as investors are getting spooked by the amount of money being poured into AI right now.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
It's against this backdrop that fellow Magnificent Seven member Meta Platforms (NASDAQ:META) prepares to report its quarterly earnings after the closing bell on July 29. Meta, like Alphabet, has been spending heavily on data centers. But unlike Alphabet, it doesn't have a cloud computing division of its own to sell AI computing capacity as a revenue stream.
Is that about to change? We may get some answers when Meta steps up to the earnings podium.
#meta #NVIDIA #billion #july
12 hours ago
Alphabet (GOOG) (GOOGL) did almost everything investors had hoped for in its latest quarterly report. While the top and bottom line grew impressively, Google Cloud revenue generated an eye-popping annual growth as businesses continued pouring money into AI infrastructure and generative AI solutions. Under normal circumstances, those numbers would have fueled another rally. Instead, the stock headed in the opposite direction.
The sell-off was not driven by weak fundamentals – it was driven by what's ahead. Investors zeroed in on Alphabet's aggressive AI spending plans, with management signaling elevated capital expenditures this year and an even bigger investment push in 2027. As the artificial intelligence (AI) race intensifies, Wall Street is increasingly asking whether these massive investments will generate returns quickly enough.
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Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, ****** ysis, and headlines.
The sell-off also altered GOOGL's technical setup. The stock closed below its 200-day moving average for the first time in more than a year, breaking a key support level that had held throughout the past 12 months. While many technical ****** ysts typically wait for several sessions below that level before confirming a trend change, the move has undoubtedly put the stock under the microscope.
#sell #driven
The sell-off was not driven by weak fundamentals – it was driven by what's ahead. Investors zeroed in on Alphabet's aggressive AI spending plans, with management signaling elevated capital expenditures this year and an even bigger investment push in 2027. As the artificial intelligence (AI) race intensifies, Wall Street is increasingly asking whether these massive investments will generate returns quickly enough.
Hedge Your Portfolio with This Real Estate Stock at New 5-Year Highs
Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, ****** ysis, and headlines.
The sell-off also altered GOOGL's technical setup. The stock closed below its 200-day moving average for the first time in more than a year, breaking a key support level that had held throughout the past 12 months. While many technical ****** ysts typically wait for several sessions below that level before confirming a trend change, the move has undoubtedly put the stock under the microscope.
#sell #driven
13 hours ago
Detroit — All Si Woo Kim wanted was a little Korean barbecue Tuesday night.
He ended up in Canada — and late for dinner.
"Never a dull moment with Sio Woo," fellow PGA Tour professional Michael Kim wrote on social media Tuesday night, in sharing the hilarious (and for many Michiganians, all-too-familiar) anecdote.
"Thanks for the content my guy."
BRAND new Si Woo Kim story:
There’s a solid Korean bbq restaurant I always go to when I’m in Detroit. I text Si Woo, wanna grab dinner tonight at this place? He goes sure.
He searches the name of the restaurant on Google Maps, and without much thinking starts driving. But…
#restaurant
He ended up in Canada — and late for dinner.
"Never a dull moment with Sio Woo," fellow PGA Tour professional Michael Kim wrote on social media Tuesday night, in sharing the hilarious (and for many Michiganians, all-too-familiar) anecdote.
"Thanks for the content my guy."
BRAND new Si Woo Kim story:
There’s a solid Korean bbq restaurant I always go to when I’m in Detroit. I text Si Woo, wanna grab dinner tonight at this place? He goes sure.
He searches the name of the restaurant on Google Maps, and without much thinking starts driving. But…
#restaurant
13 hours ago
GEV's $176B backlog positions it as the premium AI infrastructure bet; NEE trades at 22x forward earnings with 8%+ EPS growth through 2032.
NextEra's Duane Arnold nuclear restart, backed by a 25-year Google PPA, targets Q1 2029 and anchors its long-term AI power strategy.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and NextEra Energy didn't make the cut. Grab the names FREE today.
GE Vernova (NYSE:GEV) and NextEra Energy (NYSE:NEE) reported June-quarter results within 48 hours of each other. GEV sells the turbines, transformers, and grid gear every hyperscaler needs. NextEra owns the megawatts, the interconnects, and a Florida utility that hyperscalers want to plug into. Two ways to buy the same AI power bottleneck.
GE Vernova posted Q2 revenue of $11.10 billion, up 21.8% year over year, with bookings of $24.2 billion and a $176 billion backlog. Electrification revenue jumped 68%, and $2.7 billion of that came from data center orders in the quarter alone. CEO Scott Strazik told investors GEV is "on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028" and 30 GW by 2030. Wind guidance includes roughly $400 million in EBITDA losses.
#nextera #quarter #backlog
NextEra's Duane Arnold nuclear restart, backed by a 25-year Google PPA, targets Q1 2029 and anchors its long-term AI power strategy.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and NextEra Energy didn't make the cut. Grab the names FREE today.
GE Vernova (NYSE:GEV) and NextEra Energy (NYSE:NEE) reported June-quarter results within 48 hours of each other. GEV sells the turbines, transformers, and grid gear every hyperscaler needs. NextEra owns the megawatts, the interconnects, and a Florida utility that hyperscalers want to plug into. Two ways to buy the same AI power bottleneck.
GE Vernova posted Q2 revenue of $11.10 billion, up 21.8% year over year, with bookings of $24.2 billion and a $176 billion backlog. Electrification revenue jumped 68%, and $2.7 billion of that came from data center orders in the quarter alone. CEO Scott Strazik told investors GEV is "on track to deliver 20 GW of annual gas turbine output in the third quarter of 2026, with 24 GW in 2028" and 30 GW by 2030. Wind guidance includes roughly $400 million in EBITDA losses.
#nextera #quarter #backlog
14 hours ago
Alphabet (GOOGL) beat Q2 EPS estimates by 199% while Tesla (TSLA) missed by 39%, yet both stocks sold off on the same day.
Both companies burned free cash flow, but Alphabet's drain funds a growing cash machine while Tesla's signals compressed automotive unit economics.
Sundar Pichai noted nearly 90% of Fortune 100 companies now use Gemini Enterprise, powering Google Cloud to 82% year-over-year growth.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
Alphabet (NASDAQ: GOOGL) and Tesla (NASDAQ: TSLA) both reported Q2 results on July 22, 2026, and both got sold. Only one earned it. Google crushed estimates with Cloud accelerating to 82% growth. Tesla missed EPS by nearly 38.51% as operating margin collapsed. Same market reaction, opposite fundamentals.
#free
Both companies burned free cash flow, but Alphabet's drain funds a growing cash machine while Tesla's signals compressed automotive unit economics.
Sundar Pichai noted nearly 90% of Fortune 100 companies now use Gemini Enterprise, powering Google Cloud to 82% year-over-year growth.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.
Alphabet (NASDAQ: GOOGL) and Tesla (NASDAQ: TSLA) both reported Q2 results on July 22, 2026, and both got sold. Only one earned it. Google crushed estimates with Cloud accelerating to 82% growth. Tesla missed EPS by nearly 38.51% as operating margin collapsed. Same market reaction, opposite fundamentals.
#free
22 hours ago
The company spent the past year going from survival questions to one of the market's biggest gainers, which makes its retreat from the high the more interesting story.
What Changed To Send Intel (INTC) Up More Than Fourfold?
Over the past year, Intel stock more than quadrupled, climbing about 308%, while the broader market managed nearly 18%. The move was not built on hope. By the company's own account, the conversation flipped from whether Intel could survive to how fast it can add capacity to keep up with demand. Revenue over the last twelve months reached about $57 billion and grew 7.5%, an acceleration from a three-year average near 2%. The businesses tied to AI now make up about 60% of revenue and grew 40% year over year, and management says the CPU is reclaiming ground inside AI systems, with the ratio of processors to accelerators shifting from one-in-eight toward one-in-four.
Is This Just The AI Chip Trade Lifting Everything?
Only partly. AMD rode the same wave and roughly tripled, up about 222%, but Nvidia gained only about 19% and Qualcomm about 7% over the same stretch, a fraction of that. The gains concentrated in the two biggest movers, and Intel outran even AMD. What set it apart was progress in its own factories: management says its 18A manufacturing process is yielding ahead of internal plans, and the company has pointed to multiyear deals with customers such as Google, a slot for its Xeon server chips inside Nvidia's flagship AI systems, and a headline tie-up with Elon Musk's ventures.
#year #inside
What Changed To Send Intel (INTC) Up More Than Fourfold?
Over the past year, Intel stock more than quadrupled, climbing about 308%, while the broader market managed nearly 18%. The move was not built on hope. By the company's own account, the conversation flipped from whether Intel could survive to how fast it can add capacity to keep up with demand. Revenue over the last twelve months reached about $57 billion and grew 7.5%, an acceleration from a three-year average near 2%. The businesses tied to AI now make up about 60% of revenue and grew 40% year over year, and management says the CPU is reclaiming ground inside AI systems, with the ratio of processors to accelerators shifting from one-in-eight toward one-in-four.
Is This Just The AI Chip Trade Lifting Everything?
Only partly. AMD rode the same wave and roughly tripled, up about 222%, but Nvidia gained only about 19% and Qualcomm about 7% over the same stretch, a fraction of that. The gains concentrated in the two biggest movers, and Intel outran even AMD. What set it apart was progress in its own factories: management says its 18A manufacturing process is yielding ahead of internal plans, and the company has pointed to multiyear deals with customers such as Google, a slot for its Xeon server chips inside Nvidia's flagship AI systems, and a headline tie-up with Elon Musk's ventures.
#year #inside
23 hours ago
Talks are reportedly 'ongoing' between Liverpool and Bradley Barcola's camp.
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Sky Sports Germany's Florian Plettenberg reports on X (formerly Twitter) that 'nothing is advanced' as far as negotiations with PSG are concerned.
The Ligue 1 champions are thought to be looking for a fee well in excess of £100m.
From our perspective, it's difficult to imagine Liverpool's decision-makers having much in the way of wiggle room beyond the £100m – at the very least, not significantly beyond that price point.
#beyond #talks #Liverpool #empire
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Sky Sports Germany's Florian Plettenberg reports on X (formerly Twitter) that 'nothing is advanced' as far as negotiations with PSG are concerned.
The Ligue 1 champions are thought to be looking for a fee well in excess of £100m.
From our perspective, it's difficult to imagine Liverpool's decision-makers having much in the way of wiggle room beyond the £100m – at the very least, not significantly beyond that price point.
#beyond #talks #Liverpool #empire
1 day ago
Robbie Fowler has implored Liverpool to address one of their biggest 'problems' of recent years and ensure that there's adequate squad depth at Anfield by the end of the current transfer window.
The Reds went big in the marketplace a year ago by investing almost £450m in new signings, with much of that figure offset by player sales in a summer of massive upheaval in L4.
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However, Andoni Iraola has inherited a squad shorn of several players through injuries of varying severity, although he'll gradually get his World Cup contingent back in the building over the next month.
Speaking from New York, where Liverpool play Wrexham in a pre-season friendly on Wednesday night, Fowler stressed the need for his former club to have sufficient competition for places so that every player is kept 'on their toes' and high standards are maintained on a daily basis.
#Liverpool #robbie #anfield #official
The Reds went big in the marketplace a year ago by investing almost £450m in new signings, with much of that figure offset by player sales in a summer of massive upheaval in L4.
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However, Andoni Iraola has inherited a squad shorn of several players through injuries of varying severity, although he'll gradually get his World Cup contingent back in the building over the next month.
Speaking from New York, where Liverpool play Wrexham in a pre-season friendly on Wednesday night, Fowler stressed the need for his former club to have sufficient competition for places so that every player is kept 'on their toes' and high standards are maintained on a daily basis.
#Liverpool #robbie #anfield #official
1 day ago
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19th-century Parisian Opera crowds were so notoriously hard to please that companies hired paid sycophants, known as claqueurs, to clap, hoot and holler. AI hyperscalers might want to revive the tradition.
Last week, Alphabet reported the biggest quarterly profit in its history, with the $112.1 billion take almost quadrupling what it made a year earlier. The company's shares fell more than 7%: Investors, racked by anxiety over the company's massive capital expenditure plans, paid more mind to the Google parent hiking its 2026 spending forecast by $15 billion. Tough crowd. This week, Microsoft, Meta and Amazon get their turns.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: YouTube's Peacock Partnership is a Streaming Bundle Breakthrough and China's Making Memory with its New Biggest Company
#week #billion #parisian
19th-century Parisian Opera crowds were so notoriously hard to please that companies hired paid sycophants, known as claqueurs, to clap, hoot and holler. AI hyperscalers might want to revive the tradition.
Last week, Alphabet reported the biggest quarterly profit in its history, with the $112.1 billion take almost quadrupling what it made a year earlier. The company's shares fell more than 7%: Investors, racked by anxiety over the company's massive capital expenditure plans, paid more mind to the Google parent hiking its 2026 spending forecast by $15 billion. Tough crowd. This week, Microsoft, Meta and Amazon get their turns.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: YouTube's Peacock Partnership is a Streaming Bundle Breakthrough and China's Making Memory with its New Biggest Company
#week #billion #parisian
1 day ago
Chelsea are in pole position to sign Jordan Henderson for Xabi Alonso's new project at Stamford Bridge.
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Fabrizio Romano reports on X (formerly Twitter) that the England international is not only able to depart Brentford on a free transfer this summer but is also, crucially, "open to the move".
The former Liverpool midfielder returned to the Premier League with the Bees last summer, registering four goal contributions in 34 games (across all competitions).
A freak injury suffered during England's World Cup campaign will likely see him ruled out for a portion of the early 2026/27 season.
#henderson #xabi #official
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Fabrizio Romano reports on X (formerly Twitter) that the England international is not only able to depart Brentford on a free transfer this summer but is also, crucially, "open to the move".
The former Liverpool midfielder returned to the Premier League with the Bees last summer, registering four goal contributions in 34 games (across all competitions).
A freak injury suffered during England's World Cup campaign will likely see him ruled out for a portion of the early 2026/27 season.
#henderson #xabi #official
2 days ago
Like most investors, I stepped into the stock market rather cautiously, doing my best to follow Warren Buffett's primary rule: "Don't lose money."
Three decades later, I now realize I didn't fully appreciate the nuances of this tip. Namely, I conflated temporary setbacks with locking in losses. Oh, I knew the difference between realized and unrealized. It's just that, mentally, I convinced myself that some pullbacks never stop. Big mistake. Most do. This mindset kept me out of some stocks that would have ended up being very big winners.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
I can't go back in time and do things over. I can, however, help others learn from my mistakes and tell them the very first stock I would have bought and held back then if I had known then what I know now. That's Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).
OK, Google wasn't around when I first started investing. It wouldn't exist until 1998, and it didn't go public until 2004. If I were just starting out or starting over again today, however, it would be the foundational position in my portfolio.
#flashing
Three decades later, I now realize I didn't fully appreciate the nuances of this tip. Namely, I conflated temporary setbacks with locking in losses. Oh, I knew the difference between realized and unrealized. It's just that, mentally, I convinced myself that some pullbacks never stop. Big mistake. Most do. This mindset kept me out of some stocks that would have ended up being very big winners.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
I can't go back in time and do things over. I can, however, help others learn from my mistakes and tell them the very first stock I would have bought and held back then if I had known then what I know now. That's Google parent Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).
OK, Google wasn't around when I first started investing. It wouldn't exist until 1998, and it didn't go public until 2004. If I were just starting out or starting over again today, however, it would be the foundational position in my portfolio.
#flashing
2 days ago
For 22 years, Google generated more cash than it spent every quarter. That record broke between April and June this year.
Alphabet, Google's parent, spent $44.9 billion on AI infrastructure (chips, servers and data centers) over those three months — or about $490 million a day. The business generated $39.1 billion in cash during the same stretch. That left it $5.9 billion in the hole, its first ever quarter of negative free cash flow since the company went public in August 2004.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#Google #april #june
Alphabet, Google's parent, spent $44.9 billion on AI infrastructure (chips, servers and data centers) over those three months — or about $490 million a day. The business generated $39.1 billion in cash during the same stretch. That left it $5.9 billion in the hole, its first ever quarter of negative free cash flow since the company went public in August 2004.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#Google #april #june
2 days ago
Job seekers are exhausted. Tired of shooting résumés into the void and getting ghosted, many have started paying for AI tools that blast their application out to every open role they can find. But according to Greenhouse CEO Daniel Chait, employers are just as miserable—and he's got a name for the hiring nightmare: an AI doom loop.
"This is the first time when really both sides have been unhappy," Chait told Fortune. "The market just isn't working for either side."
Job seekers, he says, are "piling more and more job applications into the black hole and not getting any progress." It doesn't matter how many they send—they "just don't get anywhere."
So they've turned to AI tools that make the process less painful. "You can go search on Google, and there are tools that advertise, use AI to automatically apply to every Greenhouse job," the jobs board boss said. "Someone goes and buys that tool, it's like 20 bucks, and now they can just shoot out job applications willy-nilly to as many jobs as they want."
On the other side of the inbox, recruiters are drowning. There are currently 175,000 live jobs on Greenhouse's platform—and on average, for every job ad posted, around 254 job seekers are applying, pushing applications per recruiter up by 412%.
#Jobs #getting #side
"This is the first time when really both sides have been unhappy," Chait told Fortune. "The market just isn't working for either side."
Job seekers, he says, are "piling more and more job applications into the black hole and not getting any progress." It doesn't matter how many they send—they "just don't get anywhere."
So they've turned to AI tools that make the process less painful. "You can go search on Google, and there are tools that advertise, use AI to automatically apply to every Greenhouse job," the jobs board boss said. "Someone goes and buys that tool, it's like 20 bucks, and now they can just shoot out job applications willy-nilly to as many jobs as they want."
On the other side of the inbox, recruiters are drowning. There are currently 175,000 live jobs on Greenhouse's platform—and on average, for every job ad posted, around 254 job seekers are applying, pushing applications per recruiter up by 412%.
#Jobs #getting #side
4 days ago
Google just reported the biggest quarterly profit in its history — but roughly two-thirds came from gains on investments rather than its main businesses.
Alphabet, Google's parent company, reported $112.1 billion in profit for the three months ending in June. That's nearly four times the $28.2 billion it made a year earlier. About $77.1 billion of that total came from gains on investments that had largely risen in value on paper, but not yet sold for cash.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#billion #profit #Investments #actually
Alphabet, Google's parent company, reported $112.1 billion in profit for the three months ending in June. That's nearly four times the $28.2 billion it made a year earlier. About $77.1 billion of that total came from gains on investments that had largely risen in value on paper, but not yet sold for cash.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#billion #profit #Investments #actually
4 days ago
A transfer update shared by Fabrizio Romano on Saturday morning could have significant implications for Liverpool, considering its potential domino effect.
The Reds had been strongly linked with a move for RB Leipzig winger Yan Diomande throughout June, until it was reported that the Ivory Coast international's preference was to join Paris Saint-Germain.
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The Merseysiders have since appeared to switch their attention to PSG forward Bradley Barcola, who Romano has frequently cited as the 'top' summer transfer target at Anfield, but that pursuit may yet be impacted by matters elsewhere.
The Italian transfer reporter took to X at 9am this morning to report that Diomande 'has opened doors' to a potential move to Real Madrid after 'positive talks took place over contract terms'.
#transfer #move #took #saturday
The Reds had been strongly linked with a move for RB Leipzig winger Yan Diomande throughout June, until it was reported that the Ivory Coast international's preference was to join Paris Saint-Germain.
DOWNLOAD THE OFFICIAL EMPIRE OF THE KOP APP FOR ALL THE LATEST & BREAKING UPDATES – STRAIGHT TO YOUR PHONE! ON APPLE & GOOGLE PLAY
The Merseysiders have since appeared to switch their attention to PSG forward Bradley Barcola, who Romano has frequently cited as the 'top' summer transfer target at Anfield, but that pursuit may yet be impacted by matters elsewhere.
The Italian transfer reporter took to X at 9am this morning to report that Diomande 'has opened doors' to a potential move to Real Madrid after 'positive talks took place over contract terms'.
#transfer #move #took #saturday
4 days ago
Alphabet, the parent company of Google, reported a 298% rise in net income to $112.1bn for the second quarter of 2026 (Q2 2026), compared to $28.2bn in the same period the previous year.
Earnings per share (EPS) increased by 294% to $9.11 from $2.31 in Q2 2025.
The company's revenue grew by 24% to $119.8bn, compared to $96.4bn in the second quarter of 2025. Alphabet attributes this growth to robust performance across its operations, marking the 12th consecutive quarter of achieving double-digit revenue growth.
Operating income for the reported quarter increased year-over-year by 30% to $40.8bn.
Alphabet also recorded a net gain of $98bn in other income, primarily due to unrealised gains on equity securities.
#alphabet #reported
Earnings per share (EPS) increased by 294% to $9.11 from $2.31 in Q2 2025.
The company's revenue grew by 24% to $119.8bn, compared to $96.4bn in the second quarter of 2025. Alphabet attributes this growth to robust performance across its operations, marking the 12th consecutive quarter of achieving double-digit revenue growth.
Operating income for the reported quarter increased year-over-year by 30% to $40.8bn.
Alphabet also recorded a net gain of $98bn in other income, primarily due to unrealised gains on equity securities.
#alphabet #reported
4 days ago
Jeremy Jacquet is currently getting to know his new Liverpool teammates, including one who the French defender humorously described as 'off his head'.
The 21-year-old officially completed his move from Rennes at the start of July, with the deal having been agreed five months previously, and has been training with Andoni Iraola's squad in the United States on their pre-season tour.
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He could make his first matchday appearance for the Reds tonight when they take on Sunderland in Nashville, and he's now had a good couple of weeks with many of his new teammates (other than those who've yet to come back from their World Cup involvement).
In an interview with liverpoolfc.com, Jacquet namechecked some of the players with whom he's spoken the most, including one whose charisma has been particularly striking.
#teammates
The 21-year-old officially completed his move from Rennes at the start of July, with the deal having been agreed five months previously, and has been training with Andoni Iraola's squad in the United States on their pre-season tour.
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He could make his first matchday appearance for the Reds tonight when they take on Sunderland in Nashville, and he's now had a good couple of weeks with many of his new teammates (other than those who've yet to come back from their World Cup involvement).
In an interview with liverpoolfc.com, Jacquet namechecked some of the players with whom he's spoken the most, including one whose charisma has been particularly striking.
#teammates
4 days ago
One prominent Liverpool reporter has dismissed the prospect of Stefan Bajcetic being considered as a makeshift right-back for the Reds in the upcoming campaign.
The Spanish midfielder made his long-awaited comeback to team training this week, having not played for the club since May 2024 and not made it onto the pitch at all last season due to persistent injury troubles.
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Arne Slot frequently played midfielders at right-back in 2025/26 whenever Conor Bradley and/or Jeremie Frimpong were ruled out injured, with Dominik Szoboszlai, Curtis Jones and Wataru Endo all deployed in that unfamiliar role.
However, in response to a reader's question for the Liverpool Echo as to whether Andoni Iraola might do the same with Bajcetic, Ian Doyle opined that such a scenario would be highly unlikely and that the 21-year-old could plausibly depart on loan again.
#Liverpool #back #spanish
The Spanish midfielder made his long-awaited comeback to team training this week, having not played for the club since May 2024 and not made it onto the pitch at all last season due to persistent injury troubles.
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Arne Slot frequently played midfielders at right-back in 2025/26 whenever Conor Bradley and/or Jeremie Frimpong were ruled out injured, with Dominik Szoboszlai, Curtis Jones and Wataru Endo all deployed in that unfamiliar role.
However, in response to a reader's question for the Liverpool Echo as to whether Andoni Iraola might do the same with Bajcetic, Ian Doyle opined that such a scenario would be highly unlikely and that the 21-year-old could plausibly depart on loan again.
#Liverpool #back #spanish
4 days ago
Liverpool have been named among a host of top European clubs showing an interest in a highly coveted winger who could potentially be their next Luis Diaz.
The Colombian was signed from FC Porto in January 2022 for an initial £37.5m (BBC Sport), instantly becoming an idol of the Kop with his dynamism in attack and going on to score 41 goals in 148 appearances at Anfield before leaving for Bayern Munich last year.
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Fast forward to July 2026, and the Reds are on the lookout for wide attacking reinforcements as they enter life without Mo Salah, with Bradley Barcola and Maghnes Akliouche seemingly among their primary targets, and they also appear to have their eyes on a teenage talent currently playing in Portugal.
According to a report for Fussballdaten, Liverpool are joined by both Manchester clubs, ******* nal, Chelsea, Newcastle, Bayern Munich and Atletico Madrid in monitoring Porto winger Oskar Pietuszewski.
#munich #clubs #european #luis
The Colombian was signed from FC Porto in January 2022 for an initial £37.5m (BBC Sport), instantly becoming an idol of the Kop with his dynamism in attack and going on to score 41 goals in 148 appearances at Anfield before leaving for Bayern Munich last year.
DOWNLOAD THE OFFICIAL EMPIRE OF THE KOP APP FOR ALL THE LATEST & BREAKING UPDATES – STRAIGHT TO YOUR PHONE! ON APPLE & GOOGLE PLAY
Fast forward to July 2026, and the Reds are on the lookout for wide attacking reinforcements as they enter life without Mo Salah, with Bradley Barcola and Maghnes Akliouche seemingly among their primary targets, and they also appear to have their eyes on a teenage talent currently playing in Portugal.
According to a report for Fussballdaten, Liverpool are joined by both Manchester clubs, ******* nal, Chelsea, Newcastle, Bayern Munich and Atletico Madrid in monitoring Porto winger Oskar Pietuszewski.
#munich #clubs #european #luis
4 days ago
US stocks were hammered on Thursday as the latest AI spending outlooks from Alphabet (GOOG) and Tesla (TSLA) spooked investors, and oil prices surged above $100 in the wake of expanded attacks in the Middle East.
The Nasdaq Composite (^IXIC) suffered the worst of the losses, tumbling 2.1% and briefly breaking below 25,000 for the first time since May.
The Dow Jones Industrial Average (^DJI) dropped 0.9%, meanwhile, and the S&P 500 (^GSPC) fell by 1.2%, building on a stock retreat on Wednesday amid a flurry of earnings reports.
Big Tech stocks sold off, led by declines in Alphabet and Tesla shares after the two "Magnificent Seven" heavyweights reported results after Wednesday's market close.
Alphabet posted a strong quarter fundamentally, but the Google parent's raised capex outlook comes as investors scrutinize AI's return on investment. Tesla CEO Elon Musk also said 2026 would be a "massive capex year" for the company, highlighting a focus on Optimus robots, robotaxis, and data centers.
#goog
The Nasdaq Composite (^IXIC) suffered the worst of the losses, tumbling 2.1% and briefly breaking below 25,000 for the first time since May.
The Dow Jones Industrial Average (^DJI) dropped 0.9%, meanwhile, and the S&P 500 (^GSPC) fell by 1.2%, building on a stock retreat on Wednesday amid a flurry of earnings reports.
Big Tech stocks sold off, led by declines in Alphabet and Tesla shares after the two "Magnificent Seven" heavyweights reported results after Wednesday's market close.
Alphabet posted a strong quarter fundamentally, but the Google parent's raised capex outlook comes as investors scrutinize AI's return on investment. Tesla CEO Elon Musk also said 2026 would be a "massive capex year" for the company, highlighting a focus on Optimus robots, robotaxis, and data centers.
#goog
5 days ago
The European Union and the United States took one ultra-laborious step forward in ratifying their bilateral trade deal in late June. Now, the trading partners may be taking several steps back from the hard-fought truce, which took nearly a year to complete.
That's due to an European Commission announcement on Thursday that American tech juggernaut Google will be fined 890 million euros (close to $1 billion) for allegedly violating the trade bloc's Digital Markets Act.
More from WWD
Trump's USTR Imposes Double-Digit Duties on Dozens of Nations Under Forced Labor Probe
Could EU's Clothing Destruction Ban Change How Fashion Overproduces?
#united #commission #american
That's due to an European Commission announcement on Thursday that American tech juggernaut Google will be fined 890 million euros (close to $1 billion) for allegedly violating the trade bloc's Digital Markets Act.
More from WWD
Trump's USTR Imposes Double-Digit Duties on Dozens of Nations Under Forced Labor Probe
Could EU's Clothing Destruction Ban Change How Fashion Overproduces?
#united #commission #american
5 days ago
Alphabet shares tumbled Thursday after the tech giant told investors it could spend more than it previously anticipated to fuel its AI ambitions.
The news overshadowed quarterly sales and profits that topped ***** ysts' estimates.
Google parent Alphabet's stock is taking a hit on growing worries about its AI spending.
Shares of Alphabet (GOOGL) were down 7% in recent trading despite quarterly earnings that topped ***** ysts' expectations, after the tech giant warned it could end up spending more than it previously anticipated to fuel its AI ambitions. It led the Dow Jones Industrial Average lower, and was among the worst-performing stocks in the S&P 500 and Nasdaq on a down day for the major indexes.
Alphabet said it now sees capital expenditures of between $195 billion and $205 billion this year, up from an earlier forecast of $180 billion to $190 billion, marking the second time the tech giant has raised its 2026 forecast. CFO Anat Ashkenazi told investors during the company's earnings call that expenditures could also "increase significantly" in 2027, per a transcript provided by AlphaSense.
#billion #previously #fuel
The news overshadowed quarterly sales and profits that topped ***** ysts' estimates.
Google parent Alphabet's stock is taking a hit on growing worries about its AI spending.
Shares of Alphabet (GOOGL) were down 7% in recent trading despite quarterly earnings that topped ***** ysts' expectations, after the tech giant warned it could end up spending more than it previously anticipated to fuel its AI ambitions. It led the Dow Jones Industrial Average lower, and was among the worst-performing stocks in the S&P 500 and Nasdaq on a down day for the major indexes.
Alphabet said it now sees capital expenditures of between $195 billion and $205 billion this year, up from an earlier forecast of $180 billion to $190 billion, marking the second time the tech giant has raised its 2026 forecast. CFO Anat Ashkenazi told investors during the company's earnings call that expenditures could also "increase significantly" in 2027, per a transcript provided by AlphaSense.
#billion #previously #fuel
5 days ago
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 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.
Europe's top court this month largely upheld EU findings that Google used Android to shut out rivals, maintaining a 4.1 billion euro antitrust penalty.
The Commission is also investigating whether Google's use of publishers' content and YouTube material for artificial intelligence purposes breaches competition rules.
APPLE The European Commission fined Apple 500 million euros in 2025 under the Digital Markets Act (DMA).
#Antitrust #million
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.
Europe's top court this month largely upheld EU findings that Google used Android to shut out rivals, maintaining a 4.1 billion euro antitrust penalty.
The Commission is also investigating whether Google's use of publishers' content and YouTube material for artificial intelligence purposes breaches competition rules.
APPLE The European Commission fined Apple 500 million euros in 2025 under the Digital Markets Act (DMA).
#Antitrust #million
5 days ago
Deep Sail Capital Partners, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund significantly outperformed both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees while averaging 88% net long exposure. YTD, the fund returned 16.5% net of fees. long portfolio significantly outperformed both benchmarks, while the short portfolio was mixed in the quarter. The letter states that there was a notable performance push in Q1, which was reflected in Q2, driven by both the Iran War and idiosyncratic impacts on positions in the fund. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
5 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
As investors prepare for Alphabet Inc.'s earnings, Wall Street is once again focused on AI spending, cloud growth and capital expenditures. But BlackRock Inc. CEO Larry Fink believes the industry's biggest constraint isn't chips or models anymore—it's electricity.
Speaking this week, Fink argued that the global AI race will ultimately be decided by whoever can build enough power to support it. He pointed to China's rapid expansion of nuclear and solar generation, saying the country is positioning itself to meet the enormous electricity demands of artificial intelligence while warning that the U.S. should focus on adding power capacity rather than imposing restrictions on data center development.
Google's reported next-generation AI chip, however, suggests there may be another way to attack the problem.
Don't Miss:
#fink #power #generation #blackrock
As investors prepare for Alphabet Inc.'s earnings, Wall Street is once again focused on AI spending, cloud growth and capital expenditures. But BlackRock Inc. CEO Larry Fink believes the industry's biggest constraint isn't chips or models anymore—it's electricity.
Speaking this week, Fink argued that the global AI race will ultimately be decided by whoever can build enough power to support it. He pointed to China's rapid expansion of nuclear and solar generation, saying the country is positioning itself to meet the enormous electricity demands of artificial intelligence while warning that the U.S. should focus on adding power capacity rather than imposing restrictions on data center development.
Google's reported next-generation AI chip, however, suggests there may be another way to attack the problem.
Don't Miss:
#fink #power #generation #blackrock
5 days ago
Three big earnings reports came out this week. Alphabet Inc. (NASDAQ:GOOGL) and Tesla, Inc. (NASDAQ:TSLA) reported Wednesday after the market closed, and International Business Machines Corporation (NYSE:IBM) shared its official results the same day. All three show the same thing: spending money on AI is starting to hurt profits. However, each company's story is different enough that treating them as one big story would miss what's actually going on. So let's dig into it:
Alphabet Inc. (NASDAQ:GOOGL) made more money than expected. Revenue came in at $119.8 billion compared to the $116.9 billion ***** ysts expected, growing 24% from last year. Its cloud business also had its best quarter ever. Cloud revenue jumped 82% to $24.77 billion, way above the $22.46 billion ***** ysts predicted, and the amount of future cloud business it has lined up hit $514 billion, up from about $460 billion. Even so, the stock fell about 4% after hours. Why? Because Alphabet said it will spend even more money in 2026 than planned, between $195 billion and $205 billion instead of the earlier $180-190 billion range and well above the roughly $186 billion Wall Street expected. The firm's leftover cash after paying for everything actually went negative, by $5.9 billion, for the first time in at least 10 years. That happened because Alphabet spent $44.9 billion in just this one quarter, double what it spent a year ago. Alphabet's finance chief, Anat Ashkenazi, told ***** ysts the tech firm still doesn't have enough computing power to meet demand. Google is even renting extra computing capacity from ***** eX to keep up while it builds more of its own.
Tesla, Inc. (NASDAQ:TSLA) had a similar problem, just in a different business. Revenue beat expectations, coming in at $28.24 billion versus $25.71 billion expected, up 26% from last year. Tesla also delivered more cars than expected. But profit missed, and adjusted earnings were 33 cents per share, well below the 51 cents ***** ysts expected. The profit margin on each car sold also shrank to about 16.3% instead of the roughly 18% expected. And Tesla's leftover cash went negative too, by $1.1 billion, for the first time in over two years. That's because Tesla spent 142% more money than usual, $5.8 billion, mostly on things like Optimus robots, its Cybercab robotaxi, and AI computing power, not on making more cars. Elon Musk called it "a massive capex year" and said he believes these investments will pay off. But right now, it's the car business paying for all of it, and the car business is making less money per vehicle than before.
#expected #alphabet #money
Alphabet Inc. (NASDAQ:GOOGL) made more money than expected. Revenue came in at $119.8 billion compared to the $116.9 billion ***** ysts expected, growing 24% from last year. Its cloud business also had its best quarter ever. Cloud revenue jumped 82% to $24.77 billion, way above the $22.46 billion ***** ysts predicted, and the amount of future cloud business it has lined up hit $514 billion, up from about $460 billion. Even so, the stock fell about 4% after hours. Why? Because Alphabet said it will spend even more money in 2026 than planned, between $195 billion and $205 billion instead of the earlier $180-190 billion range and well above the roughly $186 billion Wall Street expected. The firm's leftover cash after paying for everything actually went negative, by $5.9 billion, for the first time in at least 10 years. That happened because Alphabet spent $44.9 billion in just this one quarter, double what it spent a year ago. Alphabet's finance chief, Anat Ashkenazi, told ***** ysts the tech firm still doesn't have enough computing power to meet demand. Google is even renting extra computing capacity from ***** eX to keep up while it builds more of its own.
Tesla, Inc. (NASDAQ:TSLA) had a similar problem, just in a different business. Revenue beat expectations, coming in at $28.24 billion versus $25.71 billion expected, up 26% from last year. Tesla also delivered more cars than expected. But profit missed, and adjusted earnings were 33 cents per share, well below the 51 cents ***** ysts expected. The profit margin on each car sold also shrank to about 16.3% instead of the roughly 18% expected. And Tesla's leftover cash went negative too, by $1.1 billion, for the first time in over two years. That's because Tesla spent 142% more money than usual, $5.8 billion, mostly on things like Optimus robots, its Cybercab robotaxi, and AI computing power, not on making more cars. Elon Musk called it "a massive capex year" and said he believes these investments will pay off. But right now, it's the car business paying for all of it, and the car business is making less money per vehicle than before.
#expected #alphabet #money
5 days ago
September S&P 500 E-Mini futures (ESU26) are down -0.42%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.51% this morning as earnings from Alphabet and Tesla heightened concerns over the scale of AI spending, while rising oil prices drove bond yields higher.
Alphabet (GOOGL) fell nearly -4% in pre-market trading after the Google parent raised its full-year capital spending guidance to as much as $205 billion, overshadowing its stronger-than-expected Q2 results. Notably, Alphabet's quarterly cash flow turned negative for the first time since the company went public more than two decades ago, underscoring the magnitude of its capital spending. Also, Tesla (TSLA) slumped more than -5% in pre-market trading after the EV maker reported weaker-than-expected Q2 adjusted EPS, with a surge in spending leading to its first cash burn in two years.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
#spending #alphabet
Alphabet (GOOGL) fell nearly -4% in pre-market trading after the Google parent raised its full-year capital spending guidance to as much as $205 billion, overshadowing its stronger-than-expected Q2 results. Notably, Alphabet's quarterly cash flow turned negative for the first time since the company went public more than two decades ago, underscoring the magnitude of its capital spending. Also, Tesla (TSLA) slumped more than -5% in pre-market trading after the EV maker reported weaker-than-expected Q2 adjusted EPS, with a surge in spending leading to its first cash burn in two years.
Dear **** eX Stock Fans, Mark Your Calendars for July 23
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback
The Biggest Risk to **** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
#spending #alphabet
