US stock futures edged higher late Wednesday as investors digested another batch of corporate earnings and assessed fresh signals from Alphabet, following a sharp sell-off that hit technology stocks earlier in the day. Dow Jones Industrial Average futures (YM=F) slipped 0.1% while futures tied to the S&P 500 (ES=F) hovered around the flatline. Nasdaq 100 futures (NQ=F) rose roughly 0.2%. Alphabet ...
US stock futures edged higher late Wednesday as investors digested another batch of corporate earnings and assessed fresh signals from Alphabet, following a sharp sell-off that hit technology stocks earlier in the day. Dow Jones Industrial Average futures (YM=F) slipped 0.1% while futures tied to the S&P 500 (ES=F) hovered around the flatline. Nasdaq 100 futures (NQ=F) rose roughly 0.2%. Alphabet (GOOG) shares slipped more than 1% in late trading after the company reported results and outlined a significant ramp-up in artificial intelligence investment. The Google parent said it expects expenditure to climb, projecting spending as high as $185 billion in 2026. But that outlook helped lift shares of tech names such as Nvidia (NVDA) and Broadcom (AVGO), as investors renewed optimism around long-term demand tied to AI infrastructure. Elsewhere, Qualcomm (QCOM) shares tumbled nearly 9% after the chipmaker issued a softer-than-expected forecast, citing headwinds from a global memory shortage. Software names bore the brunt of a decline Wednesday as Anthropic AI tools led to fears of disruption in traditional business models. Crypto markets were also rattled following a comment from Treasury Secretary Scott Bessent, who said the government would not bail out bitcoin (BTC-USD) amid an over 13% drop over the past five days that has pushed the token to around $73,000. Looking ahead, earnings remain in focus, with Amazon (AMZN) taking focus Thursday. Investors will also be watching weekly jobless claims data due in the morning for fresh clues on the health of the labor market. LIVE 1 update
Tech led US stock futures higher on Thursday as investors waited for Amazon earnings and assessed fresh signals from Alphabet, following a sharp sell-off that hit technology stocks earlier in the day. S&P 500 futures (ES=F) moved up roughly 0.3%, while those on the Nasdaq 100 (NQ=F) rose 0.5%. Contracts on the Dow Jones Industrial Average futures (YM=F), which includes fewer tech names, hovered ju...
Tech led US stock futures higher on Thursday as investors waited for Amazon earnings and assessed fresh signals from Alphabet, following a sharp sell-off that hit technology stocks earlier in the day. S&P 500 futures (ES=F) moved up roughly 0.3%, while those on the Nasdaq 100 (NQ=F) rose 0.5%. Contracts on the Dow Jones Industrial Average futures (YM=F), which includes fewer tech names, hovered just below the flat line. Wall Street is digesting another batch of corporate earnings, with Big Tech and AI prospects in high focus. Alphabet (GOOG) shares fell 1% in premarket after the Google parent outlined a significant ramp-up in AI investment in its quarterly results. The company projects a rise in spending to as high as $185 billion in 2026. That outlook helped lift stocks of AI infrastructure-linked companies such as chipmakers Nvidia (NVDA), Broadcom (AVGO), amid renewed optimism around long-term demand tied to the data center buildout. But Qualcomm (QCOM) shares tumbled after the chipmaker issued a softer-than-expected forecast, citing headwinds from a global memory shortage. Looking ahead, earnings remain in focus, with Amazon (AMZN) taking focus Thursday. Investors will also be watching weekly jobless claims data due in the morning for fresh clues on the health of the labor market. Software names bore the brunt of a decline Wednesday as Anthropic's new tools fed concerns about AI disruption to demand for traditional business software. Crypto markets were also rattled following a comment from Treasury Secretary Scott Bessent, who said the government would not bail out bitcoin (BTC-USD) after a slump that has pushed the token to around $71,000 apiece. LIVE 3 updates
US stock futures mostily nudged higher on Thursday as investors waited for Amazon earnings and assessed fresh signals from Alphabet, following a sharp two-day sell-off in technology stocks. S&P 500 futures (ES=F) moved up 0.1%, while those on the Nasdaq 100 (NQ=F) rose 0.3%. Contracts on the Dow Jones Industrial Average futures (YM=F), which includes fewer tech names, hovered just below the flat l...
US stock futures mostily nudged higher on Thursday as investors waited for Amazon earnings and assessed fresh signals from Alphabet, following a sharp two-day sell-off in technology stocks. S&P 500 futures (ES=F) moved up 0.1%, while those on the Nasdaq 100 (NQ=F) rose 0.3%. Contracts on the Dow Jones Industrial Average futures (YM=F), which includes fewer tech names, hovered just below the flat line. Wall Street is digesting another batch of corporate earnings, with Big Tech and AI prospects in high focus. Alphabet (GOOG) shares fell 1% in premarket after the Google parent outlined a significant ramp-up in AI investment in its quarterly results. The company projects a rise in spending to as high as $185 billion in 2026. That outlook helped lift stocks of AI infrastructure-linked companies such as chipmakers Nvidia (NVDA), Broadcom (AVGO), amid renewed optimism around long-term demand tied to the data center buildout. But Qualcomm (QCOM) shares tumbled after the chipmaker issued a softer-than-expected forecast, citing headwinds from a global memory shortage. Looking ahead, earnings remain in focus, with Amazon (AMZN) taking focus Thursday. Investors will also be watching weekly jobless claims data due in the morning for fresh clues on the health of the labor market. Software names bore the brunt of a decline Wednesday as Anthropic's new tools fed concerns about AI disruption to demand for traditional business software. Crypto markets were also rattled following a comment from Treasury Secretary Scott Bessent, who said the government would not bail out bitcoin (BTC-USD) after a slump that has pushed the token to around $71,000 apiece. LIVE 10 updates
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest example: business identity verification startup Duna, which just raised...
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest example: business identity verification startup Duna, which just raised a €30 million Series A to become the best-funded European member of the so-called “Stripe mafia.” The funding round was led by Alphabet’s growth fund CapitalG, which has also backed Stripe since co-leading its Series D in 2016. Based in Germany and the Netherlands, Duna was cofounded by Stripe alumni Duco Van Lanschot and David Schreiber. With customers including Plaid, the startup helps fintech companies onboard business customers more efficiently, reducing the typical churn associated with corporate ID checks and other fraud prevention measures. Stripe is not a customer of Duna, Van Lanschot said, but its executives were well placed to understand the opportunity that the startup is seizing, which is reflected in its cap table. The company’s angel investors include current Stripe COO Michael Coogan and former executives David Singleton (CTO) and Claire Hughes Johnson (COO). Even Stripe rival Adyen got involved, with CRCO Mariëtte Swart and CFO Ethan Tandowsky joining as angels. Their endorsements also validate Van Lanschot’s hunch that these companies won’t compete with Duna, even though they could. “It requires such fine-grained controls that change on a company-by-company basis, that an Adyen or a Stripe isn’t going to spin out their business onboarding as a separate product where another enterprise customer can change all of the configurations,” he told TechCrunch. If it’s still worth the effort for Duna, it’s because the startup is going after the long tail of enterprise clients that don’t have huge resources to dedicate to business onboarding. But it’s also because i...
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest example: business identity verification startup Duna, which just raised...
Anthropic and OpenAI may be rivals, but their presidents Daniela Amodei and Gregory Brockman have one thing in common: they are both Stripe alumni. With former employees who went on to create dozens of startups, the fintech company has become one of the most prolific “founder factories” — and the money is following. The latest example: business identity verification startup Duna, which just raised a €30 million Series A to become the best-funded European member of the so-called “Stripe mafia.” The funding round was led by Alphabet’s growth fund CapitalG, which has also backed Stripe since co-leading its Series D in 2016. Based in Germany and the Netherlands, Duna was cofounded by Stripe alumni Duco Van Lanschot and David Schreiber. With customers including Plaid, the startup helps fintech companies onboard business customers more efficiently, reducing the typical churn associated with corporate ID checks and other fraud prevention measures. Stripe is not a customer of Duna, Van Lanschot said, but its executives were well placed to understand the opportunity that the startup is seizing, which is reflected in its cap table. The company’s angel investors include current Stripe COO Michael Coogan and former executives David Singleton (CTO) and Claire Hughes Johnson (COO). Even Stripe rival Adyen got involved, with CRCO Mariëtte Swart and CFO Ethan Tandowsky joining as angels. Their endorsements also validate Van Lanschot’s hunch that these companies won’t compete with Duna, even though they could. “It requires such fine-grained controls that change on a company-by-company basis, that an Adyen or a Stripe isn’t going to spin out their business onboarding as a separate product where another enterprise customer can change all of the configurations,” he told TechCrunch. If it’s still worth the effort for Duna, it’s because the startup is going after the long tail of enterprise clients that don’t have huge resources to dedicate to business onboarding. But it’s also because i...
Mark Lashier, Phillips 66 CEO, says the chemicals business is at the bottom of a tough cycle and remains bullish on its long-term fundamentals. He tells Romaine Bostick and Katie Greifeld on The Close the business will eventually turn. (Source: Bloomberg)
Mark Lashier, Phillips 66 CEO, says the chemicals business is at the bottom of a tough cycle and remains bullish on its long-term fundamentals. He tells Romaine Bostick and Katie Greifeld on The Close the business will eventually turn. (Source: Bloomberg)
Pep Guardiola has questioned the rule which means Marc Guéhi cannot play in the Carabao Cup final against Arsenal in March, though the Manchester City manager has said the club will ask the Football League to reconsider. City reached the Wembley showpiece after Wednesday’s 3-1 semi-final second-leg win against Newcastle, which gave them a 5-1 aggregate victory after the 2-0 result in the first leg...
Pep Guardiola has questioned the rule which means Marc Guéhi cannot play in the Carabao Cup final against Arsenal in March, though the Manchester City manager has said the club will ask the Football League to reconsider. City reached the Wembley showpiece after Wednesday’s 3-1 semi-final second-leg win against Newcastle, which gave them a 5-1 aggregate victory after the 2-0 result in the first leg on 13 January. Guéhi was not eligible as he had already played for Crystal Palace earlier in the competition and joined City on 19 January for £20m. The EFL Cup rule 6.4.2 states that a player can represent two clubs in the trophy if he joins the second club before the semi-final first leg. Antoine Semenyo was eligible for the semi‑final as he joined from Bournemouth on 9 January. Guardiola said: “I told the club we must ask – hopefully we can convince the Carabao Cup that Marc can play the final. I don’t understand why he cannot play the final. Hopefully we make a letter – you buy a player for a lot of money and he is not able to play for a rule I don’t understand. Hopefully they can change it.” Yet asked if he was hopeful, Guardiola said: “No. To change the rule? No way.” Of having the chance to win a fifth League Cup, Guardiola said: “Many of us, including me, we are really happy to come back to the final – and for many players that have never been in the final, the Carabao Cup, or a final with this club, it’s a good thing to experience that.” City’s goals came via two from Omar Marmoush and one from Tijjani Reijnders, all in the first half, Newcastle’s consolation scored by Anthony Elanga after the break. This left Eddie Howe disappointed as his side’s Carabao Cup defence ended. “It is painful, we loved the ride we had last year – it was an incredible experience and we were desperate to have it again,” the Newcastle manager said. Anthony Gordon was forced off before the break. “It looks a hamstring problem – a big worry,” Howe said. Bernardo Silva is a doubt for City’s...
Key Points After the stock's recent decline, shares now trade at a price-to-earnings multiple of about 28. The social media company's revenue growth accelerated in Q4, and management guided for even faster growth in Q1. Heavy investments are weighing on Meta's earnings growth. 10 stocks we like better than Meta Platforms › After surging higher last week following the social media company's fourth-...
Key Points After the stock's recent decline, shares now trade at a price-to-earnings multiple of about 28. The social media company's revenue growth accelerated in Q4, and management guided for even faster growth in Q1. Heavy investments are weighing on Meta's earnings growth. 10 stocks we like better than Meta Platforms › After surging higher last week following the social media company's fourth-quarter earnings report, shares of Meta Platforms (NASDAQ: META) have now given up all of their post-earnings gains as of this writing. In fact, from the stock's closing price on Jan. 29 (the trading day following the social media company's earnings release), shares have fallen about 10%. The stock's decline comes amid a pullback in the broader market as shares of many software and AI (artificial intelligence)-focused companies are getting punished. The tech-heavy Nasdaq Composite is down about 3.5% during this period. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » With the stock back at levels it was trading at before its better-than-expected fourth-quarter update, should investors take this second chance to buy the stock at pre-earnings levels? Undeniable business momentum It wasn't surprising when investors reacted so positively to Meta's fourth-quarter update. Its revenue soared 24% year over year to $59.9 billion, blowing past analysts' consensus forecast for revenue of $58.5 billion. And its earnings per share of $8.88 similarly left analysts' forecasts for the metric in the dust. In addition, the company's underlying platform health remains healthy. Meta said its daily active users across its platforms rose an impressive 7% year over year to 3.58 billion. Further, Meta said engagement and user growth were the primary drivers for its 18% year-over-year increase in ad impressions in its fourth quarter. And management guided for more strong growth ahead. In fact, the midpoint of its ...
After surging higher last week following the social media company's fourth-quarter earnings report, shares of Meta Platforms (NASDAQ: META) have now given up all of their post-earnings gains as of this writing. In fact, from the stock's closing price on Jan. 29 (the trading day following the social media company's earnings release), shares have fallen about 10%. The stock's decline comes amid a pu...
After surging higher last week following the social media company's fourth-quarter earnings report, shares of Meta Platforms (NASDAQ: META) have now given up all of their post-earnings gains as of this writing. In fact, from the stock's closing price on Jan. 29 (the trading day following the social media company's earnings release), shares have fallen about 10%. The stock's decline comes amid a pullback in the broader market as shares of many software and AI (artificial intelligence)-focused companies are getting punished. The tech-heavy Nasdaq Composite is down about 3.5% during this period. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » With the stock back at levels it was trading at before its better-than-expected fourth-quarter update, should investors take this second chance to buy the stock at pre-earnings levels? Image source: Getty Images. Undeniable business momentum It wasn't surprising when investors reacted so positively to Meta's fourth-quarter update. Its revenue soared 24% year over year to $59.9 billion, blowing past analysts' consensus forecast for revenue of $58.5 billion. And its earnings per share of $8.88 similarly left analysts' forecasts for the metric in the dust. In addition, the company's underlying platform health remains healthy. Meta said its daily active users across its platforms rose an impressive 7% year over year to 3.58 billion. Further, Meta said engagement and user growth were the primary drivers for its 18% year-over-year increase in ad impressions in its fourth quarter. And management guided for more strong growth ahead. In fact, the midpoint of its first-quarter revenue guidance implies 30% year-over-year growth. Even when excluding an expected 4% tailwind from foreign currency in the quarter, this represents 26% year-over-year growth -- an acceleration from its fourth-quarter growth rate. 1 reason to be c...
SLB shares have soared this year, but if enthusiasm for Venezuela wanes, investors can find a better entry point. It's not just exploration and production stocks that rallied on the back of the U.S. capture of former Venezuelan President Nicolas Maduro. Oil services providers got in on that act, too. Just look at SLB (SLB +3.13%). One of the global giants in the oil services arena, SLB tacked on 2...
SLB shares have soared this year, but if enthusiasm for Venezuela wanes, investors can find a better entry point. It's not just exploration and production stocks that rallied on the back of the U.S. capture of former Venezuelan President Nicolas Maduro. Oil services providers got in on that act, too. Just look at SLB (SLB +3.13%). One of the global giants in the oil services arena, SLB tacked on 25% since the start of the year, implying the stock is a buy here and now. Look a little closer, and investors will see a 3.30% drop for the five days ended Feb. 2. That's not a correction, let alone a bear market, but SLB's recent lethargy may signal patient investors can get better pricing over the near term. It's a good thing, too, because this stock features a sturdy bull case, including the potential to benefit from liberalization of Venezuela's oil market. Sizing up SLB's Venezuela exposure Investors who have been monitoring the situation in Venezuela are by now likely aware that Chevron is generating ample buzz as the way to tap into a possible production surge in the South American country. The reasoning is simple: Chevron remained operational there after the country nationalized its energy industry in 2007. The same is true of SLB. In fact, the company said it's ready to accelerate activity in Venezuela when it gets the green light. In part, that explains why this oil services stock emerged as a sort of Venezuela momentum trade. SLB's momentum in Venezuela was rooted in credibility. Yes, the country has the world's largest oil reserves, but it's been years since it let its infrastructure wither. As a result, output tumbled. Put it this way: As recently as 2014, there were periods in which approximately 80 rigs were pumping in Venezuela. Today, it's just a handful. Having 303 billion barrels in proven reserves means nothing if the infrastructure and technology aren't in place to extract that petroleum. Expand NYSE : SLB Slb Today's Change ( 3.13 %) $ 1.55 Current Pri...
The search leader's artificial intelligence (AI) strategy is paying off. Questions about the future of artificial intelligence (AI) have surged in recent months. The biggest question among investors is whether companies can recoup the massive investments they're making to capitalize on demand for AI. Amid this uncertainty, Alphabet (GOOGL 1.89%) (GOOG 2.08%) sought to answer that question when it ...
The search leader's artificial intelligence (AI) strategy is paying off. Questions about the future of artificial intelligence (AI) have surged in recent months. The biggest question among investors is whether companies can recoup the massive investments they're making to capitalize on demand for AI. Amid this uncertainty, Alphabet (GOOGL 1.89%) (GOOG 2.08%) sought to answer that question when it reported its quarterly results after the market close on Wednesday. What became immediately apparent is that demand for AI continues to fuel rapid cloud growth, and Alphabet plans to continue heavy investment to capitalize on the opportunity. AI strategy is paying off For the fourth quarter, revenue of $113.8 billion jumped 18% year over year, and 17% in constant currency. Operating margin held steady at 32%, driving diluted earnings per share (EPS) up 31% to $2.82. To give those numbers context, analysts' consensus estimates called for revenue of $111.48 billion and EPS of $2.64, so Alphabet cleared both hurdles with room to spare. Google search and the related advertising account for the lion's share of Alphabet's revenue. Fears that AI could funnel ad revenue away led investors to watch the segment results closely. Google's search revenue climbed 17% year over year, which was partially offset by weakness at YouTube, which grew about 9%. In all, Google ad revenue grew 14%, helping quell those concerns for now. The other area of particular interest to investors in Google Cloud which also serves as the repository for much of the company's AI strategy. Continuing demand for AI services was on full display, as cloud revenue of $17.7 billion surged 48%, accelerating from 34% growth in the third quarter. This far outpaced Microsoft's Azure Cloud growth of 39%, showing that Google is gaining on its rival. Expand NASDAQ : GOOGL Alphabet Today's Change ( -1.89 %) $ -6.43 Current Price $ 333.28 Key Data Points Market Cap $4.1T Day's Range $ 328.52 - $ 343.24 52wk Range $ 140.53 - $...
Key Points Alphabet's quarterly results beat expectations across the board, led by strong cloud growth. The company continues to see demand for cloud and AI outstrip supply and is spending heavily to capitalize on the opportunity. Despite impressive gains over the past year, Alphabet stock is still attractively priced. 10 stocks we like better than Alphabet › Questions about the future of artifici...
Key Points Alphabet's quarterly results beat expectations across the board, led by strong cloud growth. The company continues to see demand for cloud and AI outstrip supply and is spending heavily to capitalize on the opportunity. Despite impressive gains over the past year, Alphabet stock is still attractively priced. 10 stocks we like better than Alphabet › Questions about the future of artificial intelligence (AI) have surged in recent months. The biggest question among investors is whether companies can recoup the massive investments they're making to capitalize on demand for AI. Amid this uncertainty, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) sought to answer that question when it reported its quarterly results after the market close on Wednesday. What became immediately apparent is that demand for AI continues to fuel rapid cloud growth, and Alphabet plans to continue heavy investment to capitalize on the opportunity. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » AI strategy is paying off For the fourth quarter, revenue of $113.8 billion jumped 18% year over year, and 17% in constant currency. Operating margin held steady at 32%, driving diluted earnings per share (EPS) up 31% to $2.82. To give those numbers context, analysts' consensus estimates called for revenue of $111.48 billion and EPS of $2.64, so Alphabet cleared both hurdles with room to spare. Google search and the related advertising account for the lion's share of Alphabet's revenue. Fears that AI could funnel ad revenue away led investors to watch the segment results closely. Google's search revenue climbed 17% year over year, which was partially offset by weakness at YouTube, which grew about 9%. In all, Google ad revenue grew 14%, helping quell those concerns for now. The other area of particular interest to investors in Google Cloud which also serves as the repository for mu...
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.77%. March E-mini S&P futures (ESH26) fell -0.44%, and March E-mini Nasdaq futures (NQH26) fell -1.69%. Stock indexes settled mixed on Wednesday, with the S&P 500 falling to a 2-week low and the Nasdaq 100 dropping to ...
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.51%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.77%. March E-mini S&P futures (ESH26) fell -0.44%, and March E-mini Nasdaq futures (NQH26) fell -1.69%. Stock indexes settled mixed on Wednesday, with the S&P 500 falling to a 2-week low and the Nasdaq 100 dropping to a 7-week low. Investors rotated out of high-flying chipmakers and AI-infrastructure stocks on Wednesday, which pressured the broader market. Advanced Micro Devices plunged more than -17% to lead chipmakers lower after analysts said the company's Q1 sales forecast was seen as weak. Join 200K+ Subscribers: On the positive side, Super Micro Computer closed up more than +13% after forecasting Q3 net sales well above expectations. Also, Amgen closed up more than +8% to lead the Dow Jones Industrials higher after reporting stronger-than-expected Q4 revenue. Wednesday's US economic news was mixed for stocks. The Jan ADP employment change rose by +22,000, below expectations of +45,000. Conversely, the Jan ISM services index was unchanged at 53.8, stronger than expectations of a decline to 53.5. Market sentiment improved on Wednesday, following the end of the partial US government shutdown after President Trump signed a deal late Tuesday to fund the government. The funding package only funds the Department of Homeland Security through February 13, while the rest of the government is funded through September 30, the end of the fiscal year. The Treasury on Wednesday announced that next week's quarterly refunding will total $125 billion in sales of T-notes and T-bonds, right on expectations, and said it anticipates keeping auction sizes unchanged for nominal notes, bonds, and floating-rate notes "for at least the next several quarters." US MBA mortgage applications fell -8.9% in the week ended January 30, with the purchase mortgage sub-index down -14.4% and the refinancing sub-index do...