Alphabet, Microsoft and Amazon Earnings Put AI Spending Under Scrutiny
Alphabet, Microsoft and Amazon report this week as investors weigh cloud growth, AI spending and cash flow alongside the Federal Reserve’s rate decision.
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Latest Business News
Audi Plans $4 Billion Georgia Factory as Volkswagen Seeks US Growth
Audi plans a $4 billion Georgia SUV factory with 4,500 jobs and full production in 2031, while Volkswagen’s corporate approval remains outstanding.
How AI Is Creating New Income Opportunities for Workers and Entrepreneurs
AI skills and faster business workflows are creating income opportunities, but productivity gains and startup revenue are different from personal wealth.
GMO Cloud Hack Hits FX Traders as Company Promises Compensation
GMO promises compensation after a cloud-service hack exposes FX trading accounts, as its CEO admits security warnings were addressed too slowly.
Booz Allen Raises Earnings Outlook Despite Revenue Decline
Booz Allen raises its fiscal 2027 adjusted earnings outlook after stronger quarterly profit, while revenue falls and cash flow remains below last year’s level.
SLB Revenue Rises to $9.45 Billion as Data Center Business Expands
SLB reports higher third-quarter revenue and $828 million in free cash flow as oilfield activity improves, while its data center business adds a separate growth driver.
Munich Re Raises 2026 Profit Target to €6.6 Billion
Munich Re lifts its full-year profit forecast after preliminary third-quarter earnings of about €1.7 billion exceeded expectations, helped by lower major claims.
Zymeworks Signs Roche Cancer-Drug Deal Worth Up to $813 Million
Roche agrees to license Zymeworks’ experimental ZW209 cancer treatment for $55 million upfront, with further payments tied to development and commercial milestones.
Frasers Takes Control of Hugo Boss With 50.08% Stake
Frasers crosses the 50% ownership threshold at Hugo Boss, bringing the German fashion group into its consolidated accounts while minority investors retain their shares.
Nvidia’s AI Financing Faces Test as Neoclouds Sell Off
Nvidia’s cloud-capacity commitments and conditional guarantees face scrutiny as CoreWeave and other neoclouds suffer a selloff.
American Express to Cut 5% of Jobs as It Prepares for AI
American Express plans to cut about 5% of its workforce as it prepares for AI, joining Barclays and Netflix in a broader push to reshape staffing.
Ronaldo Is First Active Athlete to Earn $2 Billion, Forbes Says
Forbes estimates Ronaldo has surpassed $2 billion in career pretax earnings and projects $300 million this season, distinct from his $1.2 billion net worth.