The Latest Breaking News from Alphabet

Most of the tech giants maintain immense profitability and a head start in the AI race, but more good news might not buoy the markets.

Alphabet produced strong revenue and free cash flow results for Q2. However, GOOG stock is lower as the market did not like that the FCF margins fell. Nevertheless, the stock still looks cheap going forward.

Amid rampant excitement over artificial intelligence, a new round of skepticism is taking hold. Here are four forecasts about the future of generative AI.

Asian markets mostly up, U.S. futures and oil rise. Mixed day on Wall Street with Big Tech losses. Positive economic data boosts hopes for smaller companies.

Last week, a drone delivery company called Wing (owned by Google’s parent company, Alphabet) started operating in Melbourne. Some 250,000 residents in parts of the city’s eastern suburbs can now order food from cafes and restaurants via the DoorDash app and have it brought to them in minutes by a…

Asian traders struggled to fight back Friday after a tech-fuelled sell-off, taking heart from forecast-beating US growth data that reassured that the economy was still in rude health, but did not dent hopes for an interest rate cut.

Excessive AI spending and geopolitical risks are prompting investors to cash in their chips.

Losses in Europe and Asia are driven by AI-related groups including Nvidia, Tesla and Google-owner Alphabet

The Cboe Volatility Index jumped to a three-month high of 18.46 while Warren Buffett's time-tested stock market valuation indicator reached record levels of 200%.

"I think we are in this phase where we have to deeply work and make sure on these use cases, on these workflows, we are driving deeper progress and unlocking value, which I’m very bullish will happen."

Tokyo's Nikkei led the retreat in equities, diving more than three percent, with a stronger yen adding to the downward pressure on exporters.