Tag: cash
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Alphabet’s cash burn raises alarm for Big Tech as AI spending climbs
July 23 : Alphabet’s first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world’s most profitable companies, and the pain is only expected to increase.The Google parent burned $5.9 billion in the second quarter, even as the cloud uni
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T-Mobile raises free cash flow forecast as customers migrate to premium plans
July 23 : T-Mobile raised its forecast for annual adjusted free cash flow on Thursday and beat quarterly profit estimates, fueled by customer migration to pricier premium plans. The telecom provider has been retiring some legacy wireless plans and moving affected customers to newer offerings, with unlimited p
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Google burning through cash with spiralling AI costs
The company said earlier this year it expected to spend as much as $190bn on AI investments.
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Stop spiraling credit card debt by prioritizing these 2 money moves, says Vanguard CFP
Following a financial emergency or a bout of overspending, paying down debt and rebuilding savings should be twin priorities, experts say.
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Analysis:AI investment boom puts Big Tech’s free cash flow under pressure
July 22 : U.S. hyperscalers are starting to show returns on their artificial intelligence investments, but the rising cost of the buildout is taking a bite out of their free cash flow, and investors are noticing.At their current trajectory, the so-called “hyperscalers” – Microsoft, Alphabet, Amazon, Meta Plat
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Tesla cash burn to test investor faith in AI bets
July 21 : Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.CEO Elon Musk has pivoted the electric-vehicle maker’s focus from manufacturing cars to building so-cal
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Russians turn to cash putting more strain on slowing wartime economy
Russians have been hit by mobile internet shutdowns and more businesses are seeking to dodge tax after more than four years of war with Ukraine.
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EU lawmakers pave way for ‘digital euro’ negotiations
The digital euro has been touted as the EU’s best chance at breaking its dependence on US payment systems like Visa and Mastercard, as well as Apple Pay and Google Pay.
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SpaceX launches debt sale to raise capital, reports $100.8 billion in cash
June 22 : Elon Musk’s SpaceX launched its first-ever notes offering on Monday and said it had about $100.8 billion in cash and cash equivalents as of June 19, days after its blockbuster U.S. stock market IPO.The rockets-to-AI company debuted on the Nasdaq on June 12 after raising $85.7 billion from its initia
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Cash transfers are expanding in India but need smarter delivery
Cash transfers are a major welfare tool but they come at a huge cost, raising concerns about their long-term efficacy.
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