Alphabet reported first-quarter revenue and profit above expectations, driven by strong performance in its cloud computing division. The results offer early signs that its heavy investments in artificial intelligence infrastructure are beginning to yield results. The parent company of Google said revenue

Shares of Meta Platforms fell sharply in extended trading on Wednesday after the company reported mixed first-quarter results, with a miss on user growth and lower-than-expected capital expenditures overshadowing a revenue beat. The stock dropped about 6% after hours. Meta shares

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

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

Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand. The stock-picking vehicle, Pershing Square USA, opened about 16% below its

PayPal is preparing a significant internal restructuring that will carve out Venmo as a standalone business segment, according to a report by CNBC. The move signals a broader effort by new chief executive Enrique Lores to streamline operations and unlock

Robinhood Markets (NASDAQ: HOOD) traded in the "red" on Wednesday after reporting its fiscal Q1 earnings that failed to meet Wall Street expectations. The retail trading platform saw revenue come in at $1.067 billion – representing a 15% year-over-year increase. Per-share