Morning Brief
The $200 Billion Invoice: Alphabet’s Cash Flow Turned Negative, and Korea Rallied
Google Cloud grew 82% to $24.8B with operating margin at 35.6%, revenue beat by $2.9B, and the stock still fell 4%, because capex hit $44.9B and free cash flow...
The Magnificent Bar: Alphabet and Tesla Report Into a Market That No Longer Rewards a Beat
The chip rebound had legs Tuesday, lifting the S&P 0.89% and the Nasdaq 100 nearly 2%. Now oil is back above $93 on an 11th night of strikes, futures are red,...
Earnings Beat the War: Chips Revive, 3M and GM Deliver, and the Index Keeps Drifting
The US struck Iran for a tenth consecutive night, Brent sits near $90, and Washington opened a tariff front against Canada. Futures are green anyway, led by a...
Cool CPI Lights the Fuse: ASML Roars, PayPal Pops on a $53B Bid, and a Water Stock Drowns
Inflation blinks first. June CPI posts its first monthly decline since 2020 and guts near-term hike bets, putting a bid under risk. ASML’s second guidance...