Snap’s increased AI spending may push profits even further out

Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.

Topics

Why Apple may get the ‘last laugh’ in AI as rivals double down on spending craze

Apple will have more free cash flow at its disposal and can “pawn off” AI spending on other big technology companies, one analyst said.
MarketWatch - 16h
Schumer lays out Senate Democrats' strategy to push back against Trump

Senate Minority Leader Chuck Schumer detailed Democrats' efforts to combat what he called a "coordinated assault" by President Trump.
CBS News - 1d
Kingdom Come: Deliverance 2 Had a Huge Weekend On Steam, And It May Get Even Bigger

Since it's only February, it might be too soon to say that the action-RPG Kingdom Come: Deliverance 2 is going to be a game of the year contender. But this title's popularity is already ...
GameSpot - 1d
Singapore’s DBS reports record profits as long-serving chief bows out

City-state’s biggest lender buoyed by strong commercial and wealth management performances
Financial Times - 1d
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies

Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.
CNBC - 3d
Starmer tells ministers to push ‘further and faster’ for growth

UK prime minister launches fresh attempt to reboot ailing government at six-hour cabinet meeting
Financial Times - 4d

Coinbase’s bonds have soared since Trump’s election victory

A member of the “MAGA Seven,” Coinbase is seeing an increase in interest.
MarketWatch - 22m
Trump’s tariffs and tax plans are inflationary and destabilizing to the U.S. — and the world

Trump can no sooner repeal the law of gravity than change some macroeconomic realities.
MarketWatch - 29m
As gold nears $3,000, here’s how its surge compares to bitcoin and the stock market

Gold has been on an impressive run toward the $3,000-an-ounce milestone, with a years-long buying spree by central banks and economic uncertainty tied to President Donald Trump’s policies leading ...
MarketWatch - 42m
BetMGM, DraftKings score ‘most successful’ Super Bowl in history as football bettors’ winning streak ends

Sportsbooks were pulling for an Eagles win, and they got it, ending one of the most ‘customer-friendly’ NFL seasons to date.
MarketWatch - 1h
Is Intel now a Trump stock? Its shares are surging after upbeat comments by J.D. Vance.

Shares of Intel Corp. were surging on Tuesday after Vice President J.D. Vance made bullish comments about semiconductor manufacturing in the U.S. at an artificial-intelligence summit in Paris.
MarketWatch - 1h