The FTSE 100 index fell slightly amid rising oil prices hitting $98 a barrel and renewed inflation concerns. The UK government announced a 20% cut in business rates for pubs, clubs, and live music venues starting April 2027 to support these sectors. Key companies like Centrica and BT reported earnings declines, while 3i Group and Segro showed gains. Meanwhile, Alphabet was fined $1 billion by the EU for anti-competitive practices, and wealthy Britons urged the government to raise taxes on the richest. Market watchers remain cautious as inflation and geopolitical tensions continue to impact investor sentiment.
Google's contracted future spending commitments have surged by nearly $500 billion in three months, reaching $811 billion by the end of June. This includes purchases for chips, data centers, electricity, and other resources, largely to support its AI...
The S&P 500 dropped below its 50-day moving average amid a selloff driven by oil prices hitting $100 per barrel and rising U.S. Treasury yields, which pushed the 10-year yield to 4.70%. This spike increased fears of Federal Reserve interest rate hike...
PatentVest's latest report analyzes OpenAI's 69 published patent families, showing the company's strategic shift from conversational AI to broader AI applications including generative media, AI agents, and developer infrastructure. This portfolio ref...
Roth Capital increased Alphabet's price target to $440 following strong Q2 results, including a 24% revenue rise and 300% net income jump. Despite a stock sell-off due to rising AI infrastructure spending, analysts view these investments as key to Al...
Google announced that its AI assistant Gemini now has over 950 million monthly users, tripling its user base from last year and approaching ChatGPT's 1 billion monthly users. The growth is driven by new features like Daily Brief and Gemini Spark, ava...
