Stop Banking Scammers by Blocking Fake Ads
Stopping scams at the source by blocking fake financial ads isn't fantasy. Google has squashed such ads in the U.K. since 2021 by requiring financial advertisers to be on an authorized list. Google boasts that this policy led to a 'pronounced decline in reports of ads promoting financial scams.' Google's success in the U.K. has led it to expand verification of financial services ads to 17 countries.
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The Hill
16 minutes ago
- The Hill
Massive AI spending shows early payoff for Big Tech
After months of questions about whether major tech firms were overshooting AI spending, Google, Microsoft and Meta are taking a victory lap after outperforming investors' lofty expectations. 'It's showing it's starting to pay off and companies are doubling down,' Wedbush Securities analyst Dan Ives said, adding, 'It puts fuel in the engine for tech to rally more in the second half [of the year].' Major tech firms promised eye-popping investments in AI heading into 2025, as they pushed to build out the data center infrastructure that is expected to underpin the development of frontier AI models — a frenzy reinforced by President Trump's own AI infrastructure push. These investments, already under scrutiny because of their sheer size, faced additional pressure earlier this year with the emergence of DeepSeek. The Chinese AI startup released its R1 model, which it claimed could compete with top American AI models and was developed with a fraction of the infrastructure. However, the tech giants seem to have quieted critics so far with the results of their spending. Google kicked off a series of strong tech earnings last week, beating investor expectations with $96 billion in revenue and $28 billion in net income last quarter. The search giant, which initially planned to invest $75 billion in capital spending this year, also upped the ante with an additional $10 billion investment. This raised the bar for Microsoft and Meta coming into this week, said Dave Wagner, head of equity and portfolio manager at Aptus Capital Advisors. Microsoft did not disappoint, reporting $76 billion in revenue and $27 billion in net income last quarter. The company's cloud computing platform Azure surpassed $75 billion in revenue for the fiscal year, up 39 percent year-over-year in the last quarter. It also announced plans to invest another $30 billion in capital spending next quarter, after spending about $88 billion over the past year. The company's stock jumped Thursday on the strong earnings report, briefly boosting the company's market valuation above $4 trillion. It is only the second company in the world to cross the historic threshold, following Nvidia's lead last month.
Yahoo
19 minutes ago
- Yahoo
Why Ryanair (RYAAY) is a Top Momentum Stock for the Long-Term
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Wall Street Journal
21 minutes ago
- Wall Street Journal
Heard on the Street Recap: Bounce Back
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