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Google owner drops promise not to use AI for weapons
The Google owner, Alphabet, has dropped its pledge not to use artificial intelligence for purposes such as developing weapons and surveillance tools. The US technology company said on […]
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
The U.S. trade deficit hit a record in 2024 as imports surged. The New York Times reported that the trade gap ballooned ahead of Trump’s term and tariff […]
Alphabet shares fall as cloud growth concerns and AI spending rattle investors
Alphabet shares are on course to lose roughly $180 billion in market value, erasing all its stock price gains for the year. The dour report also pulled down […]
USPS Reverses Decision to Halt Parcel Service From China
The United States Postal Service (USPS) has reversed its decision to halt parcel service from China. The New York Times reported that the USPS has resumed the collection […]
Trump Tariffs Live Updates: USPS Does A U-Turn And Says It Will Continue Accepting Packages From China
President Donald Trump’s sweeping tariffs on imports from China went into effect after midnight on Tuesday—triggering retaliatory levies by Beijing that some fear could escalate into a trade […]
Here’s what to expect when Disney reports earnings before the bell
Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme […]
Alphabet shares fall more than 7% on revenue miss, AI investment boost
Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing […]
Disney Reports Earnings Before the Bell: Focus on Streaming and CEO Succession
Disney will report its fiscal first-quarter earnings before the bell on Wednesday. Wall Street expects earnings per share of $1.45 and revenue of $24.62 billion. Investors will focus […]
Alphabet Earnings Fall Short of Expectations as Google Cloud Sales Disappoint
Alphabet’s earnings fell short of expectations as Google Cloud sales disappointed, causing shares to drop as much as 9%. The company’s revenue missed forecasts, and soaring AI investments […]