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Factbox-Major European regulatory probes into Big Tech
Reuters14d agobearish
Factbox-Major European regulatory probes into Big Tech

July 23 () - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent ‌years.Below are some of the most significant cases: GOOGLE The European Commission said ‌on July 23 it fined Google a total of 890 million euros ($1 billion) for breaching European ​Union rules aimed at curbing the power of Big Tech.

Missile Orders Give RTX, Lockheed Stock a Boost
The Wall Street Journal14d agobearish
Missile Orders Give RTX, Lockheed Stock a Boost

Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware. Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion.

Bloomberg14d agobearish
Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted

(Bloomberg) -- Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending Target Fuels

Stock Futures Fall as Oil Prices Spark Renewed Inflation Fears
Barrons.com14d agobearish
Stock Futures Fall as Oil Prices Spark Renewed Inflation Fears

Stock futures were falling ahead of the open Thursday as investors assessed rising inflationary risks from the conflict with Iran, and a flurry of earnings reports. S&P 500 futures lost 0.5% with contracts tracking the tech-heavy Nasdaq down 0.6%. Inflation is on focus again amid renewed U.S. strikes against Iran and diminishing signs of progress in peace talks.

Bloomberg14d agobearish
STMicro Plunges as Weak Forecast Eclipses Fourth-Quarter Outlook

(Bloomberg) -- STMicroelectronics NV plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts’ expectations, dimming hopes for a stronger recovery on the back of artificial intelligence data center demand. Most Read from BloombergHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueRetina Chip Designed to Restore Sight to Go on Sale in EuropeApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US