cnbc_topnews

Amazon, Meta and Microsoft face skeptical investors this week after Google report sparked sell-off

📰 source: cnbc_topnews · 💼 business

google (alphabet) spooked investors last week after announcing bigger 2026 capex plans alongside q2 earnings. shares slid 7%, dragging amazon, meta, and microsoft lower. those three report this week, and analysts expect them to face similar skepticism if they also raise capex. alphabet's cloud growth impressed — 82% in q2 — but higher spending turned free cash flow negative for the first time. amazon's long-term debt jumped 81% to $119 billion, and its free cash flow is also in the red. meta is still cash-positive but plans up to $145 billion in capex this year. microsoft projected $190 billion. investors who cheered capex as proof of demand now worry about uncertain returns and dwindling cash. some analysts still think the spending is worth it given cloud re-acceleration, but warn that patience is required.

why it matters: investor tolerance for megacap ai spending may be cracking, raising risk of sell-offs after this week's earnings from amazon, meta, and microsoft.

source: cnbc_topnews
sentiment: -0.65 · impact: 0.80

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects