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The Latest Breaking News from Alphabet

Dow Jones Falls, Tech Stocks Dive As Tesla Plunges On Earnings Miss; Google Sells Off

Stock Market Today: The Dow Jones dropped 250 points Wednesday, as Tesla stock plunged on an earnings miss. Google also sold off.

Investors Business Daily

Google CFO Ruth Porat just did her last earnings call—and she had a message about the future of tech

Porat will pivot full-time to her role of chief investment officer at Alphabet and Google.

Fortune

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

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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

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...

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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

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

S&P 500 Earnings Shrivel Without Magnificent Seven Names Like Nvidia, Meta

These four Magnificent Seven names are expected to lift S&P 500 Q2 earnings.

Investors Business Daily

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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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.

Top News

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...

The Independent UK

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 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

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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.

Investors Business Daily

5 Companies Will Pull Most Of The Weight This Earnings Season

If you think S&P 500 second-quarter earnings season is only about Big Tech stocks — you're only partly right.

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.

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?

Investors Business Daily

The Magnificent Seven Stocks Suffer Their Worst Market Cap Loss In Two Years

The Magnificent Seven stocks have lost $1.13 trillion in market valuation in the last five sessions. These two S&P 500 titans are notable losers.

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