The software sell-off of early 2026 did not happen because earnings suddenly fell apart.It happened because investors started to wonder whether AI could make big chunks of traditional SaaS less valuable, or even obsolete.The rout wiped out $830 billion in market value across software and services stocks in just six…
Meta’s first-quarter numbers looked strong on paper: revenue rose 33% to $56.3 billion, and the company kept its operating margin at 41%.But the stock still fell roughly 7% in extended trading after Meta lifted its 2026 capex plan to $125 billion to $145 billion.The reason was simple: Wall Street likes…
A pivotal moment for global markets is set to unfold as Alphabet, Amazon, Meta and Microsoft prepare to report earnings on the same day, offering a rare, concentrated look into the health of the artificial intelligence economy.The simultaneous results from the four technology giants, which together account for a significant…
China’s real residential property price index just hit a record low with 17 consecutive quarters of decline. In real, inflation-adjusted terms, home values are now below where they were in 2010, wiping out fifteen years of appreciation for the country’s urban middle class. Meanwhile, official GDP grew at 5% in…
European stock index futures pulled back further on Thursday as investors reacted to the soaring crude oil prices and the bizarre military options CENTCOM will offer President Donald Trump. The FTSE 100 futures dropped to £10,190, while those linked to the DAX, Stoxx 50, and CAC 40 fell by nearly…
Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and high-stakes earnings from four of the “Magnificent Seven” technology giants…
Amazon (AMZN) is in the spotlight during extended trading hours after the tech giant delivered a massive “double beat” in Q1 results – powered by an explosion in AI-driven cloud demand and a high-margin advertising surge.Investors are zeroing in on the firm’s aggressive growth trajectory and a forward-looking revenue guide…
Asian equities opened on Thursday on a divided note, with traders still grappling with some major pressures.The market is still weighing the impacts of a fresh surge in oil prices and the Federal Reserve’s April 29 decision to keep US rates unchanged.Brent crude climbed to around $122.53 a barrel, and…
Samsung Electronics on Thursday reported the strongest quarterly results in its history, as a near-50-fold surge in chip earnings driven by artificial intelligence data centre spending lifted operating profit to a fresh record. The strong figures prompted the South Korean technology giant to signal continued momentum for the rest of…
European stock index futures pulled back further on Thursday as investors reacted to the soaring crude oil prices and the bizarre military options CENTCOM will offer President Donald Trump. The FTSE 100 futures dropped to £10,190, while those linked to the DAX, Stoxx 50, and CAC 40 fell by nearly…