Day: April 29, 2026
Alphabet increases AI spending but gets rewarded for further proof that it’s paying off
Alphabet reported a monster quarter, with revenue more than $2.5 billlion ahead of expectations and earnings nearly doubling the Street estimate. Revenue in the first quarter increased 22% year-over-year to $109.9 billion, well ahead of the $107.2 billion expected, according to LSEG data. Earnings per share surged 82% to $5.11, well ahead of the LSEG-compiled […]
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We’re raising our price target on Amazon after its all-around killer quarter
Shares of Amazon rose after the tech giant reported stronger-than-expected first-quarter results, driven by a continued acceleration of growth in its Amazon Web Services unit. Revenue increased 17% year over year to $181.52 billion, beating the consensus analyst estimate of $177.3 billion, according to LSEG data. Earnings per share based on generally accepted accounting principles […]
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Anthropic in talks with investors to raise funds at $900 billion valuation, higher than OpenAI
Dario Amodei, co-founder and chief executive officer of Anthropic, during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up. The artificial intelligence startup, founded five […]
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Democrats vow to fight back after Supreme Court Voting Rights Act ruling
U.S. House Minority Leader Hakeem Jeffries (D-NY) speaks during his weekly press conference, on Capitol Hill in Washington, D.C., U.S., March 19, 2026. Nathan Howard | Reuters Congressional Democrats on Wednesday vowed to fight with what limited power they have from the minority in the House and the Senate against the Supreme Court’s decision to […]
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SoFi CEO defends decision to hold guidance steady
Mad Money SoFi CEO defends decision to hold guidance steady Published Wed, Apr 29 20266:48 PM EDT Alexa LoMonaco@in/alexa-lomonaco/ WATCH LIVE Source
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Jim Cramer reveals the secret to finding a winning tech stock in this market
CNBC’s Jim Cramer said the bar for technology stocks has shifted and simply beating earnings is no longer enough to sustain a rally. “When it comes to tech companies, it’s not enough just to beat and raise anymore,” said the “Mad Money” host. “You need a shortage, or else your stock’s not gonna get much […]
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Stocks making the biggest moves after hours: Alphabet, Microsoft, Amazon, Meta & more
Check out the companies making headlines after the bell : Alphabet — Shares added almost 7% after the tech titan posted first-quarter revenue of $109.9 billion, beating the $107.2 billion analysts polled by LSEG had expected. Google cloud revenue surged 63% from a year earlier to $20.02 billion last quarter, while analysts had penciled in […]
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S&P 500 futures tick higher after ‘Mag 7’ titans Alphabet, Amazon report earnings: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) during Pershing Square Capital Management LP’s initial public offering (IPO) in New York, US, on Wednesday, April 29, 2026. Michael Nagle | Bloomberg | Getty Images S&PP 500 futures were near the flatline on Wednesday night, following the release of quarterly reports from […]
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Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer
Qualcomm shares staged a dramatic turnaround after the bell on Wednesday as CEO Cristiano Amon said on the earnings call that it would begin shipping data center chips to “a large hyperscaler” within the calendar year. The stock initially fell as much as 7% after the chipmaker reported second-quarter earnings that topped Wall Street estimates […]
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Warsh hints at a new reading of the Fed’s power over swap lines amid UAE discussion
Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Federal Reserve chair nominee Kevin Warsh believes the Fed’s statutory independence doesn’t fully extend to international policy issues, he said […]
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