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Warren Buffett says he personally greenlit Berkshire Hathaway’s $31 billion bet on Alphabet but regrets not getting in sooner. The stock is under pressure today, down 2.81%, as the market digests delays to its flagship Gemini AI model.
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Bank of America’s Q2 revenue hit a record high, with EPS in line with Wall Street estimates. Net interest income rose on loan growth, but the stock barely budged in midday trading.
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ASML raised its 2026 revenue forecast for the second straight quarter and unveiled plans to boost EUV lithography output by 30%, with nearly all capacity already booked by clients including TSMC, Samsung, and Intel.
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Uber is acquiring Delivery Hero for roughly $14.8 billion, adding 20 new markets to its global footprint. The deal, which includes a carve-out for 14 markets via SSW Partners, is set to close in the second half of 2027.
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Twenty-six Meta employees are suing the company, claiming its AI-driven layoff screening system disproportionately targeted workers on medical, parental, or family leave. The lawsuit, filed in federal court, seeks to block the terminations set for July 22.
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Escalating U.S.-Iran hostilities are sending oil prices surging, reigniting inflation worries and hawkish Fed bets. Gold is down over 2% this week, on track for its steepest weekly drop in six weeks.
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Intel reports Q2 earnings next week, with all eyes on AI data center demand to reverse the stock's slide. Down 24% from its high, $94 is the key level to watch.
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TSMC crushed Q2 estimates and unveiled a $100B Arizona expansion, including advanced packaging. CEO C.C. Wei says AI chip demand signals are “very strong,” offering a key read-through for Nvidia shareholders.
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Disney is exploring a free, ad-supported streaming service to counter Netflix’s ad push, while Fandango rebrands its free tier with over 3,500 hours of content and exclusive Bundesliga coverage. Shares closed at $99.71, up 2.64%.
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Palantir CTO Shyam Sankar warns that AI distillation lets small teams replicate core software functions at a fraction of the cost, potentially upending the industry’s value chain. The warning comes hot on the heels of IBM’s shock profit alert, which sent shares plunging 25%.
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UnitedHealth Group smashed Q2 estimates as its medical cost ratio dropped to 86.7%, driving net income to $5.48 billion. The company lifted its full-year EPS guidance to $19.50–$20.00, well above its prior “above $17.75” outlook.
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Visa’s new stablecoin platform, anchored by the OUSD token, targets over 200 million merchants. Coinbase stock fell 4% in after-hours trading as traditional payments giants muscle into crypto territory.