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Alphabet Surges After-Hours On Record Search Queries, Backlog Builds Google shares are rallying after hours as parent Alphabet's first-quarter earnings report showed strong revenue growth in cloud computing and internet search ads, helping investors look past slowing profits amid huge AI spend. Earnings per share were $5.11, well ahead of Wall Street's consensus estimate of $2.63, and up from $2.81 last year. Revenue for the quarter reached $110 billion, more than expectations of $107 billion, and up 22% on the year. The most closely watched line in Google's reporting is its cloud unit...

Saylor's Strategy Scoops Up Another $2B Bitcoin, Holdings Reach 843,738 BTC Authored by Helen Partz via CoinTelegraph.com, Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission. Source: SEC The purchases were made at an average price of $80,985 per BTC, raising Strategy’s cost basis to $75,700. The company now holds 843,738 BTC, acquired for about $63.87 billion. At the...

Lockheed Unveils Move Towards Cheaper Patriot Missiles As Interceptor Stockpiles Dwindle With US-Iran tit-for-tat strikes on their ninth day and the Russia-Ukraine war grinding on in Eastern Europe, US inventories of certain air-delivered munitions are being depleted. This has made the rapid procurement of lower-cost missiles and bombs a top priority for the Trump administration. The Wall Street Journal reports that defense giant Lockheed Martin is planning a low-cost version of the Patriot interceptor missile that will cost less than half as much as the current version. The PAC-3 Adapted...