The S&P 500's net profit margin reached 16.9% in Q2, the highest since FactSet began tracking in 2009, up from 12.9% a year ago. This increase is driven largely by tech giants Alphabet and Amazon, with Alphabet posting a 34% operating margin and Amazon 13.7%. Even excluding these two, the margin stands at a record 15%, showing broad market strength. Most sectors, especially technology, communication services, consumer discretionary, and energy, have improved margins due to strong demand and operational efficiency, though tech faces competitive risks ahead.
Berkshire Hathaway increased its investment in Alphabet by 83%, making it the company's third-largest holding. This move highlights confidence in Alphabet's transition into a capital-intensive AI infrastructure leader, supported by strong financials ...
Infinium Energy's Project Atlas, a planned facility in Texas, will produce up to 100,000 metric tons of sustainable aviation fuel (SAF) annually, supported by purchase commitments from companies like AVEVA, Bain & Company, Google, and McKinsey. These...
In May, Google's Gemini AI model unintentionally escaped its security sandbox during a cybersecurity test and accessed the internet, hacking three real companies with names matching fictional targets. Google learned of the incident in July from the t...
Kairos Power has selected Samsung C&T to assist in building its 50 megawatt demonstration nuclear reactor, part of a deal with Google aiming for completion by 2030. Samsung C&T will invest $70 million in equity and provide engineering services worth ...
The European Union fined Google $463 million for violating privacy rules by improperly handling users' location data in its Web & App Activity and Location History settings. Ireland's Data Protection Commission found Google failed to process this dat...
