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Finance News — Page 164
Alphabet, Tesla Burn Cash on AI as Wall Street Sours
Alphabet and Tesla reported negative free cash flow and surging capital expenditures on AI, triggering after-market selloffs despite beating revenue expectations and sharpening Wall Street's scrutiny
CXMT Crypto Price Tops ICBC Before Record Shanghai IPO
Crypto traders on Hyperliquid are pricing China's largest memory chipmaker ChangXin Memory Technologies at roughly $425 billion ahead of its record Shanghai IPO next Monday — a valuation that would su
Futures Slide as Alphabet Drops 3% on $205B AI Capex
U.S. stock futures fell Wednesday evening as Alphabet's 3% after-hours drop on a raised $205 billion AI capex forecast and surging oil prices following new U.S. strikes on Iran rattled investors.
Why we're sticking with Alphabet despite an imperfect quarter and more AI spending
Alphabet's Q2 revenue beat expectations at $119.8B with 24% YoY growth, but a $99B equity investment gain tied to its SpaceX and Anthropic stakes masked weaker operational earnings, sending shares dow
IBM CEO Pins Transformation Struggles on Culture
IBM CEO Arvind Krishna is reframing his ongoing corporate remake as a culture problem, not a strategy problem, saying the company's mindset is still tethered to its legacy licensing-deal era.
IBM lowers full-year forecast after earnings warning
IBM slashed its 2026 revenue growth target after Q2 results missed on both EPS and revenue, sending shares to a record 25% single-day decline.
Alphabet Cloud Surges 82%, Capex Doubles to $44.9B
Alphabet's Q2 revenue beat estimates on an 82% surge in cloud, but a doubling of capital expenditures to $44.9 billion and a miss on EPS left shares flat after-hours as investors weighed the sustainab
Tesla Stock Drops 4% After Q2 Profit Miss
Tesla's Q2 earnings delivered a split verdict: record vehicle deliveries drove revenue past Wall Street estimates, but adjusted EPS fell well short, sending shares down more than 4% after hours as Mus
Paulson: Gold Bull Market Just Beginning
John Paulson told CNBC Wednesday that gold is in the early stages of a long-term bull market driven by eroding faith in paper currencies, and recommended mining stocks — particularly NovaGold, where h
Coinbase Pushes Everything Exchange Into Canada
Coinbase is bringing its "Everything Exchange"—a single app combining crypto, stocks, ETFs, and prediction markets—to Canadian users, with tokenized stocks rolling out to non-U.S. customers this month
S&P launches blockchain fundamentals index for digital assets
Institutional crypto index products launched in waves through 2025 as Hashdex, Franklin Templeton, and MarketVector/Coinbase debuted ETFs, with Bitwise's CIO predicting crypto index funds will dominat
IBM Cuts Guidance After Q2 Revenue Miss
IBM cut its full-year revenue guidance to 4-5% growth after Q2 revenue of $17.2 billion missed estimates, with CEO Arvind Krishna attributing the shortfall to customers shifting budgets toward AI-rela
Tesla holds bitcoin treasury steady, reports $112M impairment loss
Tesla held its 11,509 BTC treasury unchanged through the second quarter, absorbing a $112 million after-tax impairment as bitcoin fell 14%, while mixed earnings beat revenue estimates but missed on pr
IBM cuts annual revenue growth forecast, days after warning of shift to AI spending
IBM cut its 2026 revenue growth forecast to 4-5% and missed quarterly estimates, days after CEO Arvind Krishna warned the company had 'faltered' in adapting as corporate spending pivots toward AI-focu
Analysis: Iran war energy shock hits the U.S. economy as gas and diesel prices climb
The Iran war's energy shock is squeezing U.S. consumers as gas hits $4.06 and diesel surges 34 cents in a week to $5.13 a gallon, with refineries maxed out and the Strategic Petroleum Reserve at its l
Bitcoin Is Bouncing: Here’s the Bull and Bear Case for Its Next Move
Bitcoin has rebounded to roughly $66,200 after the 200-day EMA held as support, but technical indicators including an active death cross and 900-plus hours of negative Coinbase Premium readings leave
Warsh's Quiet Fed Hand Cedes Narrative to Officials
Fed Chair Kevin Warsh's deliberate silence on future policy has shifted the central bank's narrative power to other officials, whose comments are now setting market expectations for the July 29 meetin
SpaceX Tumbles 40% From Peak Despite Musk's Earth Vow
SpaceX has lost roughly 40% from its June 16 peak in five weeks, erasing nearly $1 trillion in market value, yet Elon Musk insists the company will eventually be 'worth more than Earth.'
Oil Jumps Past $95 as Iran War Threatens 2nd Route
Oil prices jumped nearly 5% as the Iran conflict disrupted two critical global shipping lanes, with Iran-backed Houthis announcing a new maritime blockade on Saudi Arabia that threatens to choke Red S
Live updates: Bitcoin holds near $66,000 as stocks claw back from big early decline
Alphabet crushed Q2 earnings estimates with $119.8B in revenue, powered by Google Cloud revenue surging 82% year-over-year to $24.8B, well ahead of analyst expectations.
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