Author: franperez66q@protonmail.com
Google has reported its financial results for the second quarter of 2026 (PDF), and as usual, the search giant raked in an unfathomable amount of money. Google saw total revenue of $119.8 billion, beating analyst expectations by a comfortable margin. Despite that, the company’s stock has taken a hit. Along with all that revenue, Google has announced a further increase in its AI-fueled capital expenditures (or capex). The company is actually spending so much on AI infrastructure that it has negative cash flow for the first time. Search was the largest chunk of Google’s income, accounting for $63.3 billion. Google…
Burnham’s opponents are having to recalibrate and work through how they take on a new prime minister.The Conservative leader Kemi Badenoch’s al fresco speech and news conference on a rooftop in central London on Thursday was a tacit acknowledgement that the political terms of trade have changed.She teased the new prime minister over his informal style – he “seems like a nice guy…I’m glad he’s got a sense of humour,” she told us, before getting to the essence of her critique, that his offer was superficial, and thin.”Is that it?” she asked, adding: “He is behaving like he’s still the…
The head of “Gus,” one of the largest Tyrannosaurus rex skeletons ever found, is pictured during a press preview at the Sotheby’s Breuer building in New York, on July 1, 2026.Timothy A. Clary | Afp | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The major auction houses racked up nearly $10 billion in sales in the first half, marking one of the strongest-ever starts to the year as the wealthy gained confidence from soaring financial…
Verizon lifts annual forecasts as new mobile plans spur subscriber gains Source link
Investors will be watching for two key updates when Intel reports earnings after Thursday’s closing bell: stronger AI server CPU growth and further progress in its foundry business. The report comes at a critical time for optimistic investors like us at the Club. After a blistering rally throughout the spring and into late June, the stock has pulled back, falling more than 27% from its record high close of nearly $141 per share on June 22. That decline has less to do with any breakdown in the fundamentals for Intel the company and more with a larger sell-off in the…
The Eli Lilly and Novo Nordisk logos.Mike Blake | Tom Little | ReutersNovo Nordisk said on Friday it is seeking a preliminary U.S. court injunction to immediately block obesity and diabetes drug advertisements by Eli Lilly.Denmark’s Novo said on Tuesday it had sued Lilly, arguing consumers were being misled about how the companies’ products compare, and that it would seek a preliminary injunction if the U.S. group did not voluntarily remove the disputed ads.Lilly on Tuesday denied any wrongdoing, saying it stood by its advertising and would vigorously defend itself. The U.S. drugmaker did not immediately respond to a request…
US auto safety regulator denies petition seeking Tesla door-release defect probe Source link
The beginning of the end Looking back, it’s easy to see why sales of physical games seemed to peak in the late 2000s. At that time, services like Xbox Live Arcade, PSN and WiiWare were already showing console gamers’ willingness to pay for downloads of smaller indie games, and the concept was expanding to downloadable versions of major releases like Infamous and LittleBigPlanet. The slight uptick in physical game revenues last year can’t make up for 16 years of consistent, sharp declines. The slight uptick in physical game revenues last year can’t make up for 16 years of consistent, sharp…
A large plume of smoke rises over St. Petersburg following a Ukrainian drone strike targeting logistics facilities operated by Wildberries, Russia’s largest online retailer, on July 24, 2026 in St. Petersburg, Russia.Anadolu | Anadolu | Getty ImagesA Russian attack on an energy facility in Ukraine’s northern city of Chernihiv and surrounding district on Friday cut power to around 150,000 residents, according to the regional electricity distribution company.Workers were actively seeking to restore power supply to consumers in the area, the company said in an update via Telegram.Ukrainian air defenses were also working to repel a Russian attack in Ukraine’s capital…
Shares of Intel moved higher after the chipmaker reported strong quarterly results and provided an upbeat third-quarter outlook. We expect more gains ahead under the guidance of CEO Lip-Bu Tan. Revenue in the second quarter increased 25% year over year to $16.1 billion, exceeding the LSEG-compiled consensus estimate of $14.42 billion. Non-GAAP earnings per share (EPS) swung to a 42-cent profit from a 10-cent loss one year ago, beating the LSEG estimate of 21 cents. Intel was up roughly 4% in after-hours trading, bringing it to around $104 per share. It traded as high as about $113 in reaction to…