Apple and Amazon defy Wall Street gloom on iPhone and cloud sales October 31, 2025 Tech behemoths Apple and Amazon have defied expectations with results that outshone Wall Street forecasts, rounding off a big week of earnings from the world’s most powerful firms. Both companies posted double-digit revenue growth and upbeat outlooks, calming investor nerves after a rocky few days for the wider tech sector. While Apple reported a surge [...]
Big Tech earnings: Investors reward AI returns, punish spending spree October 30, 2025 Wall Street was shaken up by Silicon Valley heavyweights overnight as a trio of Big Techs laid bare the cost of their AI strategies. Alphabet, Meta and Microsoft all reported earnings after the bell on Wednesday, offering investors a glimpse into the now trillion-dollar race to lead the AI boom. But, while Alphabet, Google’s parent [...]
The best cash bonus deals for switching current accounts October 30, 2025 UK banks and building societies are handing out hefty cash bonuses to entice customers to switch accounts, with Nationwide among the sweetest offers. The building society recorded 54,347 switches between April and June, largely driven by its £200 switch incentive. Its Fairer Share scheme, which offers a one off bonus payment of £100, was also [...]
Three things Star Trek got right about AI October 30, 2025 Star Trek either inspired or predicted many of the astonishing developments we live with today, says Lewis Liu I’m a huge Star Trek nerd, having watched since I was a kid. I’m not alone amongst tech founders – sci-fi remains a core inspiration for us. Elon Musk famously cites the late British sci-fi novelist Iain [...]
Streaming overtakes traditional sports broadcasting, spending $12.5bn in 2025 October 29, 2025 Streaming has overtaken traditional broadcast and cable TV viewing as its biggest players have increased investment in sports rights, according to a new report. Platforms such as Dazn have pumped significant funds into showing live sport, with the sector as a whole spending $12.5bn in 2025, up 25 per cent on last year. Streaming’s share [...]
Nvidia hits historic $5tn market cap October 29, 2025 AI and chips behemoth Nvidia has smashed another record valuation, with its $5tn market cap that puts it well clear of the GDP of Germany – the fourth biggest economy in the world. Shares in Nvidia jumped up 3.5 per cent in premarket trading, amid a surge in investor enthusiasm for AI. Nvidia’s surge followed [...]
FTSE 100 Live: Next sales jump; GSK profit upgrade October 29, 2025 Good morning from the City AM liveblog team. If there are fears about an AI bubble, no one’s telling the folk over on Wall Street. Yesterday both Apple and Microsoft saw their stocks jump, making them both $4tn companies, joining an exclusive club of which chipmaker Nvidia is the only other member. This was the [...]
Apple and Microsoft to join Nvidia in $4tn club amid AI market boom October 28, 2025 Apple and Microsoft are each within touching distance of a $4tn (£3.01tn) market valuation, setting the stage for a big week of earnings on Wall Street as investor confidence in AI continues to propel Big Tech stocks to new heights. Both tech heavyweights’ shares rose on Monday, leaving them less than two per cent away [...]
Why are asset managers turning away from the US? October 28, 2025 Asset managers are increasingly choosing to diversify their portfolios away from US stocks, despite Wall Street’s pronounced rally, as fears over being overexposed to secular markets grows. US markets saw a significant bounce back in recent months, shaking off the lows that followed Trump’s tariff announcement in April, with investors not yet losing their appetite [...]
Will Big Tech earnings pop the AI bubble? October 28, 2025 This week, the world’s most powerful firms, Microsoft, Meta, Alphabet, Amazon and Apple, will announce their quarterly results, which could either propel Wall Street to new highs or puncture the AI so-called ‘bubble’. Together, these five firms make up a quarter of the S&P 500’s value, and have collectively added over $6tr (£4.5tr) to their [...]