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Alphabet Stock Drops 7% Despite Record $112B Profit on Capex Surge
Alphabet posts record $112.1B Q2 profit with 82% Cloud revenue growth, but stock falls 7% as capex guidance jumps to $205B, raising concerns about AI spending sustainability.
Nestlé Stock Falls 6% on H1 2026 Earnings Miss, Water Sale Announced
Nestlé stock drops 6% on weak H1 2026 earnings. Net profit fell 31% to CHF 3.5 billion. Company to sell half of water business for EUR 2.8 billion.
Cracker Barrel Sells Maple Street Biscuit Co. to Biscuit Belly, Closes 16 Locations July 23
Cracker Barrel sold Maple Street Biscuit Company to Biscuit Belly, closing 16 locations. The sale and a separate $77 million sale-leaseback deal aim to reduce debt and improve profitability.
Social Security Adds Online Disability Tracker and Digital Appeals Tools July 23
Social Security launches new online tools for disability claims, including a tracker for pending appeals and digital form submission. Affects 10 million disability beneficiaries.
Nokia (HEL: NOKIA) Q2 Sales Rise 8% as AI and Cloud Demand Boost Revenue Despite Lower Profit
On 23 July 2026, Nokia (HEL: NOKIA) reported better-than-expected second-quarter results as net sales increased 8% from a year earlier, helped by rising demand for AI infrastructure and cloud networking. Higher spending from hyperscale data centre customers supported revenue growth, although reported profit fell because of restructuring costs. The results leave investors asking whether Nokia’s…
FTSE 100 Today: UK Stocks Ease After Rally as Brent Crude Hits $97 and Energy Shares Advance
On 23 July 2026, the FTSE 100 slipped slightly after a strong run as investors paused to assess higher oil prices, corporate earnings, and the European Central Bank’s latest policy decision. The broader UK market lost some momentum, but energy shares moved higher after Brent crude climbed above $97 per barrel on fresh supply concerns….
Alphabet (NASDAQ: GOOGL) Raises 2026 Capex Outlook to $205 Billion as AI Infrastructure Spending Accelerates
Alphabet raised its full-year 2026 capital expenditure guidance to a range of $195 billion to $205 billion. That’s up sharply from the $180 billion to $190 billion forecast the company gave just last quarter. Alphabet posted Q2 2026 revenue of $119.8 billion, up 24% year-over-year, alongside record capital spending of $44.9 billion. Shares fell 3.4%…
Tesla (NASDAQ: TSLA) Shares Fall 5% After Earnings Miss and Weaker Automotive Margins
Tesla shares fell as much as 5.6% on July 23, 2026, a day after a disappointing Q2 earnings report. The stock touched an intraday low of $353.23, down from Wednesday’s close of $374.01. Tesla posted record second-quarter revenue of $28.24 billion, up 26% year-over-year, but adjusted earnings per share of $0.33 badly missed the $0.53…
Waaree Renewable Technologies (NSE: WAAREERTL) Shares Drop 8% Despite Strong Q1 Revenue Growth
On 23 July 2026, Waaree Renewable Technologies (NSE: WAAREERTL) shares fell nearly 8% despite the company reporting strong first-quarter FY27 revenue and profit growth. The decline caught many investors off guard because companies that post solid earnings often see positive market reactions. This time, traders focused more on high valuations and profit booking than on…