Futures tumble as Meta, Microsoft cost warnings highlight AI trade risks

    (Reuters) – Wall Street futures fell sharply on Thursday, as warnings from Meta Platforms and Microsoft about rising artificial intelligence-related costs dampened optimism around megacaps, which have been the market’s primary driver this year. Shares of Facebook-owner slumped 4%, while Microsoft dropped 3.7% in premarket trading. Both companies beat earnings estimates in results reported after…

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    McProfit or McProblem? A Closer Look at McDonald’s Q3 Results

    McDonald’s just released its Q3 earnings, and the fast-food titan has plenty of storylines unfolding—some promising, others pressing. Despite headwinds in international markets, the company’s focus on the U.S. is paying off, and its digital and loyalty-driven strategy is proving to be a smart play. However, with inflationary pressures, slowing international performance, and challenges from…

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    AT&T announces $1 billion fiber deal with Corning

    (Reuters) – AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S IMPORTANT With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have…

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    Meta builds AI search engine to cut Google, Bing reliance, the Information reports

    (Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google and Microsoft’s Bing, the Information reported on Monday. The AI search engine segment is heating up with ChatGPT-maker OpenAI, Google and Microsoft all vying for dominance in the rapidly evolving market. Meta’s web crawler will…

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    If a Global Conflict Hits, Where Will Your Money Be?

    On the Edge: Could Geopolitical Tensions Push Us Toward WW3? How to Prepare Your Portfolio for the Unexpected From Moscow’s saber-rattling over Ukraine to China’s rising assertiveness in Asia, and the recent surge in hostilities between Israel and Hamas, today’s geopolitical landscape is a tinderbox. Russia’s hints at heightened military action, coupled with economic strains…

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