Alphabet revenue misses estimates as cash burn reaches $9.07 billion
Shares fell about 8% in extended trading as advertising revenue fell short of expectations despite Google Cloud's growth.
Globe And Street: global business and finance news
Companies
Microsoft's Azure revenue tops forecasts as shares rise about 4%
Quarterly capital expenditure was below Microsoft's projection, while free cash flow exceeded analyst expectations.
Tech
Anthropic launches reporting tools to track enterprise AI spending
The company is also creating shared team budgets as businesses seek a clearer view of AI coding costs and results.
- WorldEU trade committee chair urges broader agreement with China
- MarketsDollar holds near two-week high as Fed decision and UK budget loom
- Economy & PolicyJapan's underlying inflation measure accelerates to 3.2%
- CompaniesAlphabet revenue misses estimates as cash burn reaches $9.07 billion
- IPO & DealsJio jumps 21% on debut after raising $3.2 billion in India IPO
- Energy & CommoditiesConstellation gets $5 billion loan commitment for nuclear upgrades
- Crypto & Digital AssetsBank of Italy official urges lenders to invest amid digital uncertainty
- FinanceBank of America warns customers not to give AI agents their logins
- TechAnthropic launches reporting tools to track enterprise AI spending
EU trade committee chair urges broader agreement with China
Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.
Dollar holds near two-week high as Fed decision and UK budget loom
Traders expected the Fed to leave rates unchanged, while sterling fell ahead of the British government's spending and revenue plans.
Japan's underlying inflation measure accelerates to 3.2%
The September increase was the largest since October 2023, ahead of a BOJ meeting expected to leave interest rates at 1.25%.
Oracle forecasts positive free cash flow in fiscal 2028's second half
The company expects free cash flow above $30 billion in fiscal 2029 and plans to cap additional capital raises at $20 billion through fiscal 2030.
Jio jumps 21% on debut after raising $3.2 billion in India IPO
The offering attracted more than $77 billion in bids, while the opening price made Jio India’s second-most valuable listed company.
Constellation gets $5 billion loan commitment for nuclear upgrades
The financing remains subject to finalization, with Google, Amazon and Meta already buying much of the additional electricity from the planned upgrades.
Bank of Italy official urges lenders to invest amid digital uncertainty
Deputy Governor Chiara Scotti said banks should experiment on a small scale even as the eventual reach of tokenization remains unclear.
Bank of America warns customers not to give AI agents their logins
The bank says customers remain responsible for account activity resulting from access they grant to outside tools.
Google unveils Gemini 4 Carbon with initial access for cyber defenders
Google says the model generates secure code at more than twice Argon's success rate on internal benchmarks, with introductory pricing unchanged.