TL;DR — The Fed raised rates a quarter point to 3.75%-4% on September 16, its first hike since 2023, and the median official now sees 4.1% at the end of 2027, up from 3.6% in June. The 10-year Treasury yield topped 5%. AI builders now financing with debt pay that...
TL;DR — Microsoft, Alphabet, Amazon and Meta are now guiding to a combined 2026 capex figure north of $700 billion, most of it AI infrastructure. Two of the four, Alphabet and Amazon, reported negative free cash flow this earnings season. A third, Meta, generated just...
TL;DR — Meta’s second-quarter revenue grew 28% to $60.8 billion, but net income fell 14% to $15.8 billion as costs jumped 55%, including $2.4 billion in legal charges, $1.18 billion in layoff severance, and a $4.62 billion quarterly loss at Reality Labs. The...
TL;DR — Alphabet’s Q2 2026 net income hit a record $112.1 billion, but $77.1 billion of it, after tax, came from marking up its Anthropic and SpaceX stakes to fresh funding-round prices, not from search, cloud or YouTube. Free cash flow went negative $5.9...
TL;DR — Arm posted record fiscal first-quarter revenue of $1.29 billion, up 22%, and free cash flow jumped 343% to $665 million. The stock still fell more than 8% because the FTC opened a formal antitrust probe into whether Arm’s new self-made AI chip gives it...
