US stock futures climbed on Monday with Dow up 0.2%, S&P 500 up 0.3%, and Nasdaq-100 up 0.7%, driven by anticipation of major Big Tech earnings reports from Alphabet, Tesla, Intel, and IBM. Investors are looking for evidence that AI investments are starting to generate revenue. Oil prices fell from over $91 to around $86.70 per barrel after Iran indicated diplomatic talks with the US remain open, despite ongoing conflict and recent US-Iran military clashes. Market focus remains on tech earnings and geopolitical risks affecting energy prices and inflation ahead of the US midterm elections.
A federal appeals court ruled that social media companies like Meta, Snap, TikTok, YouTube, and Roblox cannot use Section 230 of the Communications Act to dismiss thousands of lawsuits alleging addiction among young users. The court said Section 230 ...
JPMorgan has increased its S&P 500 target for 2026 from 7,800 to 8,000, citing stronger-than-expected corporate earnings and significant AI-related investments driving business growth. The bank expects earnings per share to grow 35% in 2026, supporte...
Google Play has added Venmo as a payment option for purchases including games, apps, add-ons, and digital content. Users can link their Venmo wallet or other linked payment methods like bank accounts and cards to pay for subscriptions or tip creators...
Ed Zitron, CEO of EZ Primary Research, warns that hyperscaler cloud growth driven by AI is heavily reliant on two unprofitable companies, OpenAI and Anthropic, which together account for a large share of revenue at Google Cloud, Microsoft, and AWS. D...
Berkshire Hathaway reduced its cash reserves by investing billions in stocks like Alphabet and repurchasing $7.8 billion of its own shares in Q2 and July. The conglomerate reported a 16% rise in operating profit to $12.98 billion, driven by gains at ...
