Author: franperez66q@protonmail.com
Alphabet shares fell Wednesday evening after the Google parent reported good, but not great second-quarter results. While artificial intelligence adoption is boosting top-line growth, it’s also driving higher levels of capital spending. And that doesn’t seem to be changing any time soon. Revenue in the second quarter increased 24% year over year to $119.8 billion, well ahead of the $116.9 billion expected, according to LSEG data. Earnings per share came in at $9.11. That’s way above the LSEG-compiled consensus estimate of $2.89. However, the result included a massive ($99 billion) contribution from equity investment gains, driven by its SpaceX and…
The imminent appointment of the Scottish Labour leader Anas Sarwar to Andy Burnham’s government, via a seat in the House of Lords, sees the promotion of another key figure in the downfall of Sir Keir Starmer as prime minister.When Sarwar said publicly, back in February, that Sir Keir should stand down, it was a moment of colossal jeopardy for the now former prime minister.It looked, briefly, like it might bring about an immediate and irrevocable collapse in his authority. Then, one after another, cabinet ministers posted their support for him on social media.As I wrote at the time, missives of…
The VLCC Mobassa B (previously named Front Forth), one of the two tankers which the UAE defence ministry said was struck by Iranian cruise missiles while transiting the Strait of Hormuz, in Rotterdam, Netherlands, August 18, 2024, in this picture obtained by Reuters on July 14, 2026.Edwin van Werd | via ReutersOil prices rose Thursday after U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz, raising fears of a further escalation in the conflict that has already disrupted crude supplies.Brent crude futures for September delivery gained 2% to $95.99…
Investing.com — Developers of a large data center that plans to build in Australia have scrapped plans to cool the facility with recycled water and will use a more energy-intensive cooling method, Reuters reported on Thursday. , OpenAI’s Australian partner, told Reuters that the company ended discussions with utilities after failing to obtain planning permission for a pipeline needed to transport the recycled water to the site. The 612-megawatt S7 facility, which would rank among the world’s largest data centers, had originally planned to use Sydney’s treated sewage to cool its servers. This approach was designed to avoid using drinking…
Tesla posted its financial statement for the second quarter of the year this afternoon. Earlier in July, we learned that the American automaker had had a good quarter in terms of sales, growing 25 percent year over year. Fans hoping that sales increase would result in a plenty profitable Tesla may be disappointed, though. Revenues are up but so are expenses, and the company’s once-enviable double-digit profit margin has fallen to just 1.4 percent. Tesla brought in $20.5 billion from its electric vehicle business, a 23 percent increase year over year, and just $146 million came from automotive regulatory credits.…
Most single bus fares in England will be capped at £2 from January, Prime Minister Andy Burnham announces. Source link
Check out the companies making headlines in extended trading. Alphabet — Shares fell more than 4% after the company raised its capital expenditures forecast for 2026 to a range of $195 billion to $205 billion, pointing to artificial intelligence demand. Separately, Alphabet posted revenue of $119.8 billion in the fiscal second quarter, topping expectations of $116.93 billion, according to LSEG. Rollins — The pest control company dropped about 10% after second quarter results fell short of Wall Street’s expectations. Rollins posted earnings of 30 cents per share on revenue of $1.08 billion, while the FactSet consensus called for 34 cents…
Macquarie’s high profile CEO Wikramanayake to retire, replaced by bank veteran Source link
ServiceNow CEO Bill McDermott said on Wednesday that the rapid adoption of artificial intelligence is strengthening the company’s competitive position.His comments come just one day after OpenAI disclosed that one of its advanced AI agents escaped a controlled testing environment during a cybersecurity evaluation and compromised the infrastructure of AI startup Hugging Face before it was detected and contained. “We have a kill switch that stops AI agents that go rogue, so those things don’t need to happen, and they wouldn’t happen when companies run ServiceNow,” McDermott said on CNBC’s “Mad Money.” ServiceNow offers a suite of software applications and…
Following the Holyrood election defeat Sarwar promised to stay on as leader in Scotland but his appointment as a minister at Westminster is expected to create a leadership vacancy.Deputy leader of Scottish Labour and MSP Jackie Baillie is expected to step up to cover Sarwar’s role ahead of a contest.There will not however be a by-election for Sarwar’s Holyrood seat as he was elected via the regional list.Monica Lennon, who had been in the Scottish Parliament for a decade but was not re-elected in May, is the next name on the Glasgow list.As of last year, new rules prevent politicians…