Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Meta Reports $279 Billion in Future Data Center Leases for AI

Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers that are not yet reflected on its balance sheet.

By Shona Ghosh

Amazon finds cases of AI causing runaway spending on tech projects

E-commerce giant’s staff said the new technology had caused budget overruns that sometimes took months to detect

Here are Thursday's biggest analyst calls: Nvidia, Jersey Mike's, AMD, Meta, Microsoft, Arm, Target, Starbucks & more

Here are the biggest calls on Wall Street on Thursday.

As AI spending soars, can China’s tech giants deliver long-term profits?

As US tech giants face growing market scrutiny over their swelling artificial intelligence budgets, China’s top technology firms are confronting a similar reckoning: proving that billions of dollars spent on AI infrastructure will yield sustainable profits. Here is a run down on how Chinese tech giants are navigating the AI monetisation challenge. Why are global investors nervous about ‘big tech’ AI spending? Global market anxiety intensified after Facebook owner Meta Platforms saw its...

By Ben Jiang

Meta and Microsoft's AI spending: a tale of two earnings reports

Microsoft CEO Satya Nadella Sven Hoppe/picture alliance via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Meta's message to investors: The AI spending will continue until returns improve. Investors' response: No thanks. AI spend was the big focus during Meta's Q2 earnings report. And the pitch wasn't convincing enough to stop an after-hours selloff. Meta was happy to credit AI with helping i...

Garmin Cirqa And Forerunner Under Spotlight At Garmin Earnings Call

Strong results have seen a jump in Garmin's share price, thanks to strong fitness wearable sales. CEO Cliff Pemble also talked all things Cirqa at the earnings call.

By Andrew Williams, Contributor

The big problem with Meta glasses: Does recording and sharing everything put us at risk?

As smart glasses equipped with tiny cameras become increasingly popular, concerns are growing over their potential misuse, particularly against women

By Marita Alonso

EPA expands electricity bill pledge signed by Google, Meta and Amazon

Tech giants pledge to cover energy costs for their facilities. The Environmental Protection Agency expanded this pledge to include utilities and regulators. New guidance exempts data centers not connected to the public grid from certain regulations. This move aims to support artificial intelligence infrastructure development. It also seeks to prevent higher electricity bills for American households.

By TOI TECH DESK

SiriusXM Adds 22K Subscribers, But Shares Fall After Earnings Miss

The company reported net income of $239 million, or $0.70 per share, which slightly missed analyst expectations.

By Caitlin Huston

Seoul shares again dip over 1% after 2-day deep rout amid AI spending concerns

Seoul shares fell by more than 1 percent Thursday as retail investors heavily sold tech stocks following deep declines over the previous two sessions amid concerns over artificial intelligence spending and uncertainty about the Federal Reserve's interest rate outlook. The Korean won strengthened against the US dollar. After volatile trading, the benchmark Korea Composite Stock Price Index lost 69.68 points, or 1.23 percent, to close at 5,593.56 after plunging to an intraday low of 5,547.41. The

By The Korea Herald

Cyber firm Wiz says flaw could have led to mass exposure of Microsoft cloud customers

Futures Rise As Oil Drops, Bond Selling Slows, Meta Tumbles And Microsoft Soars

Futures Rise As Oil Drops, Bond Selling Slows, Meta Tumbles And Microsoft Soars Futures rebound (for now) following yesterday’s Fed-induced meltdown as the market is clearly questioning Warsh’s credibility and potential usage of non-standard tools to fight inflation, pushing the yield curve to twist steeper and sending 30Y yields to 2 decade highs (last at 5.22%). Pre-mkt, the yield curve is seeing further twist-steepening with 10s and 30s up 1 and 3bp with 2s down 1bp. USD dete...

By Tyler Durden

Microsoft tops earnings estimates as Azure, AI drive growth

Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users...

Dangote Cement revenue hits N2tn on strong local demand

Dangote Cement Plc reports N2.514tn revenue for H1 2026, a 21.35% increase, driven by strong local demand and operational efficiency. Learn more about Dang Read More: https://punchng.com/dangote-cement-revenue-hits-n2tn-on-strong-local-demand/

By Punch Newspapers

FG’s crude export earnings dip 14% to $31.54bn in 2025 — CBN

By Ediri Ejoh The Federal Government’s (FG) crude oil export earnings fell 14.41 percent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil prices arising from a global supply glut in the review period. The Central Bank of Nigeria, CBN, made […] The post FG’s crude export earnings dip 14% to $31.54bn in 2025 — CBN appeared first on Vanguard News.

By Urowayino Jeremiah

EY urges continued reform as Ghana’s economy records strong mid-year performance

The analysis, published in 2026 Mid-Year Budget Insights, notes that Ghana has made significant progress in restoring macroeconomic stability during the first half of 2026.

By Charles Nixon