Latest stories
Intel’s data center sales jump 78%, but a weak forecast sends the shares tumbling
Intel beat expectations in the third quarter, then warned that a PC slowdown, rising memory costs and a fire at its Israel plant will hit the next one.
Amazon’s profits keep rising, but AI spending has pushed its free cash flow to minus $42 billion
Amazon earned $28 billion in operating profit last quarter, yet it is spending so much on data centers that it now burns more cash than ever before.
The US economy just hit the gas. The Fed is eyeing the brakes.
Growth sped up to 3.4% on AI equipment, stockpiling and steady consumers, while quarterly inflation cooled. But demand is running hot, and markets still expect a rate hike in December.
Google just maxed out the AI credit card
Alphabet had its biggest quarter ever, but the AI build-out is eating into its margins and cash flow faster than the new business pays it back.
Microsoft is printing money while everyone else burns it
In the same AI spending race, Microsoft’s operations still cover the bill with cash to spare, while Alphabet’s cash flow has turned negative.
Anthropic’s IPO Filing: A Revenue Rocket Strapped to a $430 Billion Bill It Can’t Cancel
The Claude maker’s S-1 shows revenue up fourteenfold in a year, a first operating profit and hundreds of billions in compute contracts. Growth is cooling just as those contracts start to bill.
How Microsoft makes money from cloud computing
Microsoft’s cloud business combines subscriptions and usage-based services, supported by infrastructure that requires substantial investment before it generates returns.
How Visa and Mastercard make money without lending a cent
They run the rails, not the loans. That one design choice explains their margins, and their biggest risks.
Defense contractors and their order backlogs
Lockheed Martin, RTX and General Dynamics rely on multi-year government contracts that create large order backlogs.
Adobe’s subscription model and the meaning of net revenue retention
Recurring software revenue depends on keeping customers and expanding their spending, but different retention metrics answer different questions.
Why utility stocks trade like bonds when interest rates move
Electric utilities offer steady dividends and regulated profits, making their share prices unusually sensitive to central bank interest rate decisions.