BREAKING: Futures Steady, Oil Rises; Palo Alto Reverses Lower
Amid a huge jump in capital spending on artificial intelligence infrastructure, Alphabet (GOOGL) plans new equity offerings totaling $80 billion. Google stock fell on Tuesday on the announcement, which coincides with rising company debt and lower repurchases of Google stock. While the new capital raise will dilute existing equity, Google has reduced its “float,” or outstanding shares, by over 10%…
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12:03 PM ET Strategas ETF strategist Todd Sohn explains why SpaceX’s IPO is sparking debate on Wall Street and what the company’s fast-track…
12:03 PM ET Strategas ETF strategist Todd Sohn explains why SpaceX’s IPO is…
With public opinion already negative on AI, rising unemployment could trigger radical policy ideas. (© Dave Cutler)
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