Alphabet Revenue Up 16% With Strong Cloud Sales
The internet company said profit for the quarter was up 33 percent, to just under $35 billion. Source: Original News
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Meta Raises Its Spending Forecast on A.I. to Above $70 Billion
The Silicon Valley company projected more spending this year and said it would continue in 2026 as it hires A.I. researchers and builds data centers to power the technology. Source: Original News
Microsoft Increases Investments Amid A.I. Race
The company reported that it spent a higher-than-expected $34.9 billion in capital expenditures during its quarter. Source: Original News
Nvidia Is First Company to Top $5 Trillion in Market Value Amid AI Boom
The A.I. chip maker has become a linchpin in the Trump administration’s trade negotiations in Asia. Source: Original News
As Both Sides Remain Dug in, What Can Break the Government Shutdown Impasse?
Significant milestones over the next few weeks could shuffle the status quo. For now, both sides remain dug in as the closure heads into a fifth week. Source: Original News
G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars. Source: Original News
Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies
The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high-priced lobbyists. Source: Original News
F.B.I. Opposes Push for Gabbard to Take Lead on Counterintelligence
The F.B.I. made the disclosure in a pointed letter that underscored broader concern over a House bill that would give more authority to Tulsi Gabbard, the director of national intelligence. Source: Original News
F.D.A. Moves to Speed Approvals for Cheaper Copycat Drugs
The agency announced moves to cut regulatory obstacles for the makers of biosimilar drugs, which are akin to generics and may help lower drug costs. Source: Original News
Boeing hit with $5bn in penalties as new jet delayed
The beleaguered firm said it now plans to deliver 777X jets starting from 2027. Source: Original News