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Alphabet sales and profit miss expectations as shares fall

Alphabet's third-quarter sales and profit fell short of expectations, Bloomberg reported, and its shares fell in late trading. Bloomberg linked the results to concerns that the company is failing to generate enough return to justify its large investments in AI.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Oracle pledges $20B financing limit through fiscal 2030

Oracle pledged to limit new financing to $20B through fiscal 2030 as it builds more cloud capacity, Reuters reported. The company expects capital spending to peak this fiscal year and next.