Nasdaq drops 2.1% as AI spending fears and $100 oil hit stocks
Why it matters: Rising crude and bond yields added inflation pressure ahead of the Federal Reserve’s next policy meeting.
Subject
#Alphabet
Brent tops $100, Asian stocks slide as Iran war jolts markets
Why it matters: Higher oil is pushing up gasoline, shipping and grocery costs, while an AI-led tech selloff erased nearly $800 billion in one day.
Tesla, Alphabet shed $500 billion as AI spending hits Wall Street
What's new: Tesla fell 14.5% and Alphabet 7.1% after both posted negative second-quarter free cash flow.
EU fines Google €890 million under Big Tech rules
What's next: Google has 60 days to change Search and Google Play or risk periodic penalties of up to 5% of global revenue.
Google adds selfie-video sign-in for account recovery
What's new: Eligible users can store a guided face video to verify future logins, with checks aimed at blocking deepfakes and impersonation.
Asian stocks rebound as chip shares climb and oil prices ease
What's next: Investors are looking to earnings from Tesla and Alphabet this week for signs AI spending can support valuations.
Asian stocks rebound as chip shares recover ahead of Big Tech earnings
What's next: Tesla and Alphabet report Wednesday, with investors looking for proof AI spending can sustain the market rally.
Asian stocks rebound as chip shares lift Seoul, Taipei about 3%
Why it matters: The bounce came as oil eased and investors shifted focus to Tesla and Alphabet earnings for proof AI spending can pay off.
Alphabet drops 4% as Gemini 3.5 Pro slips months behind schedule
What's new: Bloomberg reported Google's flagship AI model missed internal coding targets as OpenAI and Meta roll out newer rivals.
New York halts new 50-megawatt data centers for 1 year
Why it matters: The state became the first in the US to freeze large data center projects as AI power and water demands draw scrutiny.
Bloomberg, The Straits Times +3
Nasdaq drops 2% as AI sell-off hammers Micron, Nvidia and chip stocks
What's next: Investors are watching Micron earnings Wednesday for clues on whether the AI spending boom can still support rich valuations.
Bloomberg, BBC News (US & Canada) +3
Waymo recalls 3,900 robotaxis after 13 construction-zone incidents
What's new: The software fix follows freeway incidents in Phoenix and San Francisco, and Waymo has limited freeway service meantime.
Nvidia seeks at least $20 billion in its first bond sale since 2021
What's new: The chipmaker is marketing seven tranches from two to 30 years, with proceeds set for refinancing and other corporate needs.
Trump threatens 100% tariff on French wine over tech tax
Why it matters: The U.S. buys about one-fifth of French wine exports, putting roughly $2 billion in annual sales at risk ahead of the G7 summit.
Bloomberg, The Straits Times +1
42 U.S. state attorneys general probe OpenAI with subpoena
The request covers consumer and minors’ data, elderly users and concerns that chatbots could encourage criminal acts.
Antara News, ABC News
Waymo adds $29.99 monthly robotaxi plan in 3 US cities
Why it matters: The invite-only tier targets heavy riders as Waymo looks for new revenue while Alphabet's Other Bets losses remain steep.
US stocks rise as chip rebound lifts Nasdaq, Intel jumps 8.5%
What's next: Investors are watching Wednesday's CPI report for signs that higher oil prices could feed inflation and keep the Fed hawkish.
Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
Earlier: Meta falls more than 5% on report of possible AI stock saleSeries: Meta · AI Funding Stock Sale · 3 chapters since Jun 6Meta drops 5% on report it may raise billions for AI push
What's new: Meta lifted its 2026 capital spending forecast to as much as $145 billion, adding to investor worries over AI costs.
Alphabet seeks $80 billion for AI buildout, with $10 billion from Berkshire
What's new: The Google parent plans $30 billion in underwritten sales and a $40 billion at-the-market program starting in the third quarter.