Moving markets: Five things shaping the FTSE 100 today February 15, 2024 Asian markets rose in line with Wall Street's momentum. Uber, Lyft, and Nvidia drove the S&P 500, while Bitcoin surpassed $52,079. Japan entered a recession, drawing attention to the UK Q4 GDP and U.S. retail sales.
FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Microsoft and Google: Results show a cautious market reaction to AI spending January 31, 2024 Microsoft and Google both reported strong quarterly earnings today but the tech giants failed to satisfy the market.
Investors to focus on AI and antitrust issues as Amazon, Apple and Meta line up to report January 29, 2024 Big tech companies Microsoft, Meta, Apple, Amazon and Google owner Alphabet are set to report quarterly earnings this week.
Countdown begins: What’s in store for next week’s mega-tech FAAMG earnings January 26, 2024 As the fourth-quarter earnings season approaches on Wall Street, all eyes are on the FAAMG group: Alphabet (Google), Microsoft, Amazon, Meta Platforms, and Apple.
Even Big Tech CEOs can’t afford to ignore the costs of bad PR January 16, 2024 Big tech CEOs may think they're invincible, but sending rockets into space won't spare you the costs of bad PR, writes Mike Maynard.
Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.
Microsoft’s AI gambit shines but Google fumbles with cloud business October 25, 2023 Largely thanks to strong growth in its cloud computing division, Microsoft reported first-quarterly revenue of £46.4bn.
Microsoft, Google, Meta and Amazon hope to lift Wall Street spirits in this week’s results October 22, 2023 Big Tech earnings season is back, with a keen focus on cloud business, AI, and capex changes amid a challenging year on Wall Street.
Google and Microsoft AI showdown continues July 26, 2023 After Microsoft and Google’s parent company, Alphabet, reported better-than-expected results yesterday, analysts say the race to dominate the burgeoning AI field is moving quickly. Alphabet’s robust performance saw a 3.3 per cent surge in ad revenue, as search revenue hit $42.63bn (£32.98bn), causing shares to climb six per cent on Wednesday. Despite the market applause, [...]