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The Latest Breaking News from Alphabet

Cloud And Search Lift Google-parent Quarterly Profit

Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its cloud and search ads businesses thrived.

International Business Times

Alphabet reports 14% increase in revenue for Q2 2024, meets most analyst expectations

Alphabet met several of Wall Street analysts expectations and saw a 14% increase in revenue in Q2 2024 earnings.

Android Central

Stock Index Futures Tread Water as Investors Await Tesla and Alphabet Earnings

September S&P 500 E-Mini futures (ESU24) are up +0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.11% this morning as investor attention shifted from U.S. politics to a deluge of corporate earnings reports, with particular emphasis on results from “Magnificent Seven” companies Tesla and Alphabet.

Barchart

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Stock Index Futures Tread Water as Investors Await Key Tech Earnings

September S&P 500 E-Mini futures (ESU24) are down -0.03%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.19% this morning as investor attention shifted from U.S. politics to a deluge of corporate earnings reports, with particular emphasis on results from “Magnificent Seven” companies Tesla and Alphabet.

Barchart

Wiz Ends Billion Deal Talks With Google's Parent Alphabet

Israeli cybersecurity startup Wiz turns down Alphabet's billion acquisition offer, focusing on IPO plans. Alphabet's interest in Wiz's cloud security s...

Top News

Stock market today: Asian shares are mixed after Wall Street breaks losing streak

Shares are mixed in Asia after a rally on Wall Street

The Independent UK

Spotify shares surge 15% after profitability hits record high – as it happened

The Swedish streaming company said gross margins hit a record high of 29.2% in the second quarter, after cost cuts and growth in subscriptions

The Guardian - UK

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Cybersecurity firm Wiz rejects $23bn bid from Google parent Alphabet

Israeli company aims for stock market flotation after spurning biggest deal in tech group’s history

The Guardian - UK

Stock Market Today: Mega-Cap Tech Rallies to Drag Markets Higher

Markets focused on upcoming earnings from Magnificent 7 stocks rather than chaos in D.C.

Kiplinger

Option Volatility And Earnings Report For July 22 - 26

This week we have Tesla (TSLA), Microsoft (MSFT), Alphabet (GOOGL), Exxon Mobil (XOM), Visa (V), Abbvie (ABBV) and Chipotle Mexican Grill (CMG) all set to report.

Barchart

Stocks Set to Open Higher After Biden’s Withdrawal, Earnings and Key U.S. Inflation Data in Focus

September S&P 500 E-Mini futures (ESU24) are up +0.47%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.59% this morning as investors looked past Joe Biden’s exit from his presidential reelection campaign and awaited a slew of corporate earnings reports, with a particular focus on results from “Magnificent Seven”…

Barchart

‘Google says I’m a dead physicist’: is the world’s biggest search engine broken?

For decades now, anyone who’s wanted to know everything about anything has asked Google. But is the platform losing its edge – and can we still trust it to tell us the truth?

The Guardian - UK

Google AI heavyweight Jeff Dean talks about algorithmic breakthroughs and data center emissions

The longtime Googler gave an update on AI initiatives at the Alphabet owned company, including project Astra, and addressed the recent report that Google's data center emissions have increased.

Fortune

Google In Advanced Talks To Acquire Cybersecurity Startup Wiz

Alphabet, Google's parent company, is in advanced talks to acquire cybersecurity startup Wiz for billion, signaling a significant investment in enhanci...

Top News

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Fortune

Wiz CEO lauds company's good timing as Alphabet reportedly prepares $23 billion bid

Wiz CEO Assaf Rappaport made a timely appearance at Fortune Brainstorm Tech yesterday.

Fortune

The CEO of Wiz, reportedly exploring a $23B acquisition with Alphabet, says cybersecurity consolidation is ‘truly in its infancy’

In his first public comments since reports of the Alphabet deal emerged, Wiz CEO and cofounder Assaf Rappaport said that the "dream" of an IPO has changed and founders see other options.

Barchart

3 Best-in-Class Stocks That Billionaires Love to Buy and Hold

These top-tier tech stocks, boasting robust double-digit gains over the past year, are billionaires' favorites, as evidenced by their increased holdings in Q1 2024.

Fortune

The 'Magnificent Seven' have dragged the S&P to record highs. Will the moniker remain relevant?

Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla accounted for half of the S&P 500’s total gains last year, according to Morgan Stanley.

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news in one place.

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International Business Times

Alphabet Eyes $23B Acquisition Of Cybersecurity Startup Wiz Amid Regulatory Scrutiny

The transaction, primarily financed in cash, could be finalized soon.

Fortune

The Magnificent 7 stocks may soon yield to the 'Other 493'

"Growth is broadening out and so should the market."

RideApart

Michigan’s “Smart Highway” Could Pave The Way For The Rest Of The US

Alphabet-backed startup Cavnue is rolling out America’s first “smart highway” in Michigan that alerts drivers and authorities about road conditions miles ahead.

Latin Times

AI Boom Reshapes Wall Street As TSMC Joins Trillion-dollar Club

The top ten of the world's most valuable companies is headed by Microsoft and Apple, closely followed by AI chip designer Nvidia.

International Business Times

AI Boom Reshapes Wall Street As TSMC Joins Trillion-dollar Club

The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street.

Fortune

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.

Tom’s Hardware

China beat the U.S. in generative AI patents by 6-to-1 for the past ten years — almost 10,000 Chinese patents filed last year alone

China has more patents than the six top nations in generative AI research.

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