Meta sees AI spending accelerating as earnings top forecasts

Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technology

Business - Financial Times - 5 hours ago

Apple, Meta and Amazon must show the stock market that AI spending is paying off

Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.

Business - MarketWatch - 5 hours ago

Meta Earnings Show Revenue Increase, Even as Spending Spree Continues

The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.

Business - The New York Times - 4 hours ago

Meta misses on user growth, warns of 2025 jump in AI spending

Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.

Business - CNBC - 3 hours ago

Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI

Meta CEO Mark Zuckerberg explained on the earnings call how the speed of Meta's AI technology buildout led the company to lift guidance for capex.

Business - CNBC - 1 hour ago

Gartner: 2025 will see the rise of AI agents (and other top trends)

Also keep an eye on AI governance tools, hybrid computing, disinformation security, post-quantum cryptography and even more out-there tech.

Tech - VentureBeat - October 21

Lonza Sees Accelerating Sales Growth in Final Quarter

The Swiss life-sciences company said it expected accelerated sales growth in the fourth quarter on the back of the timing of product releases and the ramp-up of its new acquired manufacturing ...

Business - The Wall Street Journal - 6 days ago

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations

Business - CNBC - Yesterday

Demis Hassabis’s drug discovery start-up accelerates spending to ‘solve’ diseases

Losses widen at Isomorphic Labs, as new Nobel Prize winner pushes forward with effort to use AI in healthcare

Business - Financial Times - October 14

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - 6 days ago

One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Business - CNBC - 6 days ago

Lloyds beats earnings forecasts as lending rises

Mortgage book grows as customers take advantage of fall in interest rates

Business - Financial Times - October 23

Thales Orders Beat Forecasts Amid Defense-Spending Surge

Thales posted orders above analysts’ expectations for the first nine months of the year as its defense and security business continued to benefit from robust military spending amid high ...

Business - The Wall Street Journal - October 23

Parts of UK forecast to see temperatures jump to 20C this week

Parts of the country could see a 10C bump in temperatures in the short period of fine weather.

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - 6 days ago

Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon

CNBC's Jim Cramer on Friday urged investors to keep a level head during next week's busy slate of corporate earnings and influential economic reports.

Business - CNBC - 5 days ago

Tariff surge would damage global growth, IMF warns

In a forecast two weeks before US election the fund says greater protectionism would drag down world economy

Business - Financial Times - October 22

Tesla shares leap 22% after Musk predicts sales rebound

EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next year

Business - Financial Times - 6 days ago

Reddit shares soar 22% on earnings beat and better-than-expected forecast

Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.

Business - CNBC - Yesterday

Meta under fire for ‘polluting’ open-source

Open Source Initiative chief criticises tech group for using the term to describe its Llama models

Business - Financial Times - October 17

Meta just beat Google and Apple in the race to put powerful AI on phones

Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.

Tech - VentureBeat - 6 days ago

Meta AI to Use Reuters Content to Answer User Questions in Real Time

Meta AI didn’t share whether it would use Reuters content to train its large-language model.

Business - Inc. - 3 days ago

United Airlines raises spending requirements to earn frequent flyer status

United Airlines customers will have to spend and fly more to earn elite benefits next year.

Business - CNBC - 6 hours ago

United Airlines raises spending requirements to earn frequent flyer status

United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to the increasingly crowded ...

Amex sees strong discretionary spending, but stock retreats after solid 2024 run

The company says new member benefits are resonating with younger generations.

Business - MarketWatch - October 18

Saab Sees Sales at Upper End of Guidance as Defense Spending Surges

The Swedish defense company said demand remained high across its business units, but it noted significant strength in its dynamics division, which produces equipment such as ground combat weapons ...

Business - The Wall Street Journal - October 22

Latest in Meta sees AI spending accelerating as earnings top forecasts