Microsoft Reports Earnings Next Week. Wall Street Is Mostly Optimistic. -- Barrons.com
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Foreign Headlines: Zuckerberg launches a new large language model; USA's Department of Transportation investigates Delta Air Lines for IT interruption chaos; US existing home sales decline in June.
The headlines worldwide economics media focused on last night and early this morning are mostly about: The US Department of Transportation investigates Delta Air Lines' IT disruption chaos problems. According to a statement, the US Department of Transportation (DOT) Aviation Consumer Protection Office is investigating Delta Air Lines' performance in the chaos caused by the global IT failure last week. The US Department of Transportation stated that Delta Air Lines had extensive flight disruptions and customer service failures, and did not fulfill its promises to passengers. The institution also stated that the investigation will continue to deepen as the department deals with 'a large number' of customer complaints. US Transportation Secretary Pete Buttigieg said: 'I'
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U.S. Stocks Dip Before Tesla, Alphabet Releases Earnings | Wall Street Today
Alphabet's profit exceeded expectations due to the thriving development of its cloud business, but the loss in AI is expanding.
Alphabet, the parent company of Google, announced its second-quarter earnings after the close on Tuesday, with both revenue and profits exceeding analysts' expectations, as its cloud business continued to accelerate and operating profits exceeded $1 billion for the first time. In this quarter, the company's earnings per share were $1.89 and revenue was $84.7 billion. According to data, analysts expected earnings per share of $1.85 and revenue of $84.3 billion. This is a significant increase compared to the same period last year, when the company's earnings per share were $1.44 and revenue was $74.6 billion. Advertising revenue reached $64.6 billion, higher than analysts' expectations.
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Express News | OpenAI Removes AI Safety Leader Mądry - the Information
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Express News | CrowdStrike Crash Was Major Factor In Google-Wiz Talks Failing; Sources Say Crash Played A Role
Delta Air Lines Needs More Recovery Time After CrowdStrike Outage, Flight Disruptions To Extend 2 More Days
Alphabet's Earnings Should Be Strong. Watch the Google Parent's AI Expenses. -- Barrons.com
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