Alphabet reported first-quarter revenue and profit above expectations, driven by strong performance in its cloud computing division. The results offer early signs that its heavy investments in artificial intelligence infrastructure…
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Shares of Meta Platforms fell sharply in extended trading on Wednesday after the company reported mixed first-quarter results, with a miss on user growth and lower-than-expected capital expenditures overshadowing a…
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Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve…
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Amazon (AMZN) is in the spotlight during extended trading hours after the tech giant delivered a massive “double beat” in Q1 results – powered by an explosion in AI-driven cloud…
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Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand.…
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PayPal is preparing a significant internal restructuring that will carve out Venmo as a standalone business segment, according to a report by CNBC. The move signals a broader effort by…
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Robinhood Markets (NASDAQ: HOOD) traded in the “red” on Wednesday after reporting its fiscal Q1 earnings that failed to meet Wall Street expectations. The retail trading platform saw revenue come…
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The idea that artificial intelligence could usher in a “post-money” world — and that such a world would also render firms obsolete — rests on a misunderstanding of what firms…
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Fluctuations in food prices are so commonplace that the entire category is excluded from the Federal Reserve’s preferred measure of inflation. From war and weather to fertilizer and labor, hundreds…
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Shares of Microsoft edged lower ahead of its earnings report, with the stock down around 1% in early trading on Wednesday. The move comes as investors positioned for key updates…