Alphabet is in the news as AI and tech giants chase breakthroughs and big-money bets. Founded by Larry Page and Sergey Brin in 1998, now led by Sundar Pichai.
Oil prices have steadied as the U.S. has signaled further action to ease vessel movements through the Strait of Hormuz amid renewed tensions with Iran. Brent sits around $111-113, while U.S. crude trades near $105, with global markets awaiting clarity on the ceasefire talks and potential supply disruptions.
Nvidia has reported $58.32 billion in profit and $81.62 billion in revenue for the February–April quarter, beating analysts’ expectations. The company has projected about $91 billion in revenue for the current quarter, while preparing a $80 billion stock buyback and boosting its dividend. Shares traded modestly after hours, with investors weighing a possible cooldown after years of AI-driven growth.
Waymo has issued a recall affecting thousands of robotaxi vehicles after software could allow cars to drive into standing flood water. The recall follows incidents in San Antonio and multiple service pauses across Austin, Dallas, Houston, San Antonio, Nashville and Atlanta; Waymo is continuing software fixes and weather safeguards while operations are temporarily paused in some markets.
Meta has settled with Breathitt County School District in Kentucky over claims that its platforms fuel addictive behavior harming students. Terms are undisclosed; the suit sought more than $60 million for a 15-year mental health program. Settlements with TikTok, Snap and YouTube precede this accord, while other bellwether trials are scheduled.