Business

AI Is Alphabet’s Rocket To A $3 Trillion Valuation. Is GOOGL Stock A Buy Here?  Barchart.com Alphabet Q2 earnings call: CEO’s remarks  The Keyword Google beats on Q2 earnings, raises capex expeditures  Yahoo Finance Alphabet jumps as AI-driven spending fuels cloud revenue surge  Reuters CNBC Daily Open: Investors loosen their purse strings for Alphabet’s increased spending  CNBC Source link

Meta CEO Mark Zuckerberg announced Friday that former OpenAI researcher Shengjia Zhao will lead research efforts at the company’s new AI unit, Meta Superintelligence Labs (MSL). Zhao contributed to several of OpenAI’s largest breakthroughs, including ChatGPT, GPT-4, and the company’s first AI reasoning model, o1. “I’m excited to share that Shengjia Zhao will be the Chief Scientist of Meta Superintelligence …

Tesla is launching an even-more-limited version of its early robotaxi service in San Francisco this weekend, according to Business Insider, after an initial rollout began last month in Austin, Texas. The company plans to send invites to Tesla owners to test the service, according to the report. Depending on how and if Tesla proceeds, its actions could violate state regulations …

July 25 – Intel (NASDAQ:INTC) shook markets on Friday, shedding more than 7% share value in pre-market trading after its Q2 report revealed a $2.9 billion loss and plans to cut over 25,000 jobs by year?end. Revenue came in at $12.9 billion, slightly above estimates, but the company warned of deeper losses ahead and set Q3 revenue guidance between $12.6 …

A Southwest Airlines plane rapidly dropped in elevation after departing from the Los Angeles area on Friday, with passengers posting online that the pilot was forced to rapidly change course to avoid a potential collision with another aircraft. Flight 1496 from Hollywood Burbank Airport to Las Vegas plummeted rapidly, lifting passengers out of their seats and injuring two flight attendants. …

Volkswagen Teases Made-in-America Audis After $1.5 Billion Tariff Hit  The Wall Street Journal Volkswagen cuts 2025 guidance after $1.5-billion tariff hit in first half  Reuters Volkswagen Is Hit Hard by Trump’s Tariffs  The New York Times VW pledges ‘huge’ US investments as it seeks separate trade deal with Donald Trump  Financial Times VW Cuts Outlook as US Tariffs Weigh on Audi, Porsche Margins  Bloomberg.com Source …

US national debt currently exceeds $36 trillion, but if you want to toss a few extra dollars of your own money to try and help bring that down, you can now do so from a Venmo account, as spotted by NPR’s Jack Corbett. You can see the Venmo payment option on the Treasury Department’s “Gifts to Reduce the Public Debt” …

Brilliant Bargains: 3 Opportunistic Stocks Under $10  Seeking Alpha 3 Stocks Too Cheap to Ignore at These Prices  The Motley Fool 3 Dirt Cheap Stocks to Buy With $500 Right Now  Yahoo Finance Undervalued Tech Innovators with Strong Long-Term Growth Potential  AInvest 3 Dirt Cheap Stocks to Buy With $1,000 Right Now  Nasdaq Source link

S&P 500 and Nasdaq hit records; Deckers soars 12%  Reuters S&P 500 clears 5th-straight record this week, Nasdaq hits fresh high as earnings, trade hopes bolster stocks  Yahoo Finance S&P 500 posts fifth straight record close this week, powered by solid earnings: Live updates  CNBC S&P 500, Nasdaq close at records; Deckers soars on UGG demand  Reuters Stocks Are Booming. Investors Are Bullish. Next …

By Abigail Summerville and Mrinmay Dey (Reuters) -French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday. The Bernard Arnault-led company has been holding talks with potential buyers including Reebok-owner Authentic Brands Group and WHP Global, the sources said, who asked not to …