Microsoft shares edged up 2% on Wednesday after the software maker reported lower-than-expected capex even as earnings and revenue topped estimates. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $4.27 adjusted vs. $4.06 expectedRevenue: $82.89 billion vs. $81.39 billion expected Microsoft’s revenue grew 18% year over year in the quarter,…
Meta has failed to implement needed safeguards to keep children under the age of 13 off Instagram and Facebook in violation of a European Union online safety law, officials said on Wednesday. Meta does not have an adequate system to identify and remove the accounts of the children who flout the social media giant’s age…
China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots. The decision to prohibit foreign investment in Manus was made in accordance with laws and regulations, the National Development and Reform Commission said in a brief statement. It added that it has…
We do not have enough money coming into this market. The funds flow only to stocks tied to the data center buildout and a few others. Even the most tangential of the data center “stories,” such as the warehouse REITs and machinery stocks like Cummins and Dover, manage to sustain themselves if they have healthy…
This week, Tim Cook announced he would step down as chief executive of Apple. We discuss what he got right and what he got wrong, and we offer some unsolicited advice for his replacement, John Ternus. Then, Andrew Yang joins us to discuss A.I.-powered job automation and why universal basic income may be making a…
Meta plans to cut 10 percent of its work force, or roughly 8,000 employees, and close another 6,000 open roles, according to an internal memo on Thursday, as the company spends heavily on developing artificial intelligence. Meta, which owns Facebook, Instagram and WhatsApp, employed more than 78,000 people at the end of 2025. Mark Zuckerberg,…
