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The Latest Breaking News from Alphabet

Cloud And AI Lift Google-parent Quarterly Profit

The tech giant said its net income for the recently ended quarter was $23.6 billion on revenue that climbed 14 percent to $84.7 billion when compared to the same period a year earlier.

Latin Times

Nasdaq Futures Plunge as U.S. Tech Earnings Disappoint, PMI Data in Focus

September Nasdaq 100 E-Mini futures (NQU24) are trending down -1.04% this morning as Alphabet’s cautious outlook on AI progress and Tesla’s profit miss, coupled with a delay in its Robotaxi event, weighed on sentiment, while investors awaited U.S. business activity data and the next round of corporate earnings reports.

Barchart

Google Cloud success helps push Alphabet to record results

Google Cloud hits $1 billion in operating profit for the first time ever.

TechRadar

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As Wiz turns down Google's $23 billion offer, a founder shares his deal regret

“Did we maximize our value? Probably not," says Jyoti Bansal, founder of AppDynamics.

Fortune

Google's AI-Driven Growth Propels Steady Revenue Increase

Alphabet Inc., the parent company of Google, reports strong Q2 growth driven by AI advancements and revenue increases. Google's cloud-computing division se...

Top News

Asian Markets Track Wall St Losses After Mixed Tech Earnings

Asian markets fell on Wednesday following a mixed batch of US earnings that did little to boost enthusiasm as investors look for the tech sector to continue filing blockbuster profits after pumping billions into artificial intelligence.

International Business Times

YouTube Ad Revenue Up 13% to $8.66 Billion in Q2

But the Alphabet division still missed equity analysts' forecasts

Broadcasting & Cable

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Google parent company’s second-quarter earnings outpace expectations

Alphabet reports $84.7bn in revenue, on back of Search and Cloud, up from the same period last year

The Guardian - US

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

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

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The Guardian - 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

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

Kiplinger

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.

Barchart

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.

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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”…

The Guardian - UK

‘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?

Fortune

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.

Top News

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...

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.

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