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Alphabet’s Google has been fined a combined €890 million ($1 billion) by European Union regulators for violating landmark digital competition rules, even as Brussels acknowledged the company has made significant progress toward complying with the bloc’s new antitrust framework. The penalties, announced on Thursday under the Digital Markets Act, target GOOG treatment of rivals in… Continue reading Google hit with $1B EU antitrust fine over search and play store practices

ServiceNow stock (NYSE: NOW) jumped more than 7% in pre-market trading on Thursday after the enterprise-software company delivered a stronger second quarter and raised its annual subscription-revenue forecast. The upbeat earnings eased some fears that artificial intelligence is weakening established software platforms. Revenue rose 24% to $4 billion, while adjusted earnings of 90 cents a… Continue reading ServiceNow stock rockets after earnings, but one number divides Wall Street

Nokia reported a stronger-than-expected rise in second-quarter comparable operating profit on Thursday, supported by growing demand from artificial intelligence and cloud customers. The Finnish telecom equipment maker also raised its full-year comparable operating profit guidance range, signalling confidence that the current growth momentum will continue. The company reported comparable operating profit of 434 million euros… Continue reading Nokia raises profit outlook as AI and cloud demand boost results

EasyJet reported a 70% year-on-year decline in fiscal third-quarter profit on Thursday. The airline said disruption from the Iran war had increased costs during the quarter. However, it added that consumer confidence was strengthening as the peak summer travel period approached. Quarterly earnings came in at £85 million. That was sharply lower than the £286… Continue reading EasyJet reports sharp Q3 profit drop despite stronger summer demand

UniCredit raised its 2026 profit target after delivering record first-half earnings, giving Chief Executive Andrea Orcel more room to pursue control of Commerzbank without weakening the Italian lender’s standalone investment case. Second-quarter net profit reached €2.9 billion, ahead of the €2.8 billion average forecast compiled by the bank. Excluding a €245 million trading and funding… Continue reading UniCredit profit hits record as Orcel’s Commerzbank bet enters overdrive

European markets retreated today, July 23, as traders waited for the European Central Bank (ECB) decision and reacted to some important corporate earnings from the region. In Germany, the DAX Index slipped by 42 basis points, while France’s CAC 40 declined by 85 basis points. Despite the pullback, the DAX remains just 3.3% below its… Continue reading CAC 40, FTSE MIB, IBEX 35, DAX indices on edge as bond yields soar ahead of ECB

Alphabet delivered another blockbuster quarter for its cloud business, but investors focused instead on the rising cost of the artificial intelligence race. The Google parent reported record growth in its cloud division and topped Wall Street’s revenue expectations, yet shares fell more than 3.5% in premarket trading on Thursday after the company lifted its capital… Continue reading Alphabet stock drops as higher capex, negative FCF overshadow Google Cloud surge