{
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Alphabet's AI investments boost cloud growth and search engine usage

Alphabet Inc. reported strong growth in its cloud computing and search businesses, driven by its significant investments in artificial intelligence since 2016. Revenue reached $74.6 billion, exceeding analyst expectations, while net income was $2.12 per share, surpassing estimates. CEO Sundar Pichai highlighted that AI solutions are enhancing customer engagement and attracting new clients in the competitive cloud market.
Moneycontrol
United States Dollar Alphabet Inc. Amazon.com, Inc. Microsoft Corporation OpenAI USA Sundar Pichai David Paul Morris Show more
Technology & Innovation, Market Report
03:10 30.10.2024

McDonald's sales decline amid international market challenges and inflation pressures

McDonald’s Corp. reported a 1.5% decline in sales at restaurants open at least 13 months, falling short of Wall Street expectations, primarily due to weakness in international markets like France, China, the UK, and the Middle East. The US market showed slight growth of 0.3%. The company is addressing traffic declines through global value initiatives and limited-time promotions, while its stock rose 1.7% in early trading.
Moneycontrol
United States Dollar McDonald's Corporation FRA CHN GBR David Paul Morris Show more
Finance & Economy, Market Report
15:24 29.10.2024
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