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Alphabet Surges After-Hours On Record Search Queries, Backlog Builds
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...
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Aug 12, 2026 / Tyler Durden
World's Largest Alumina Refinery Outside China Abruptly Halves Output On NatGas Disruption
World's Largest Alumina Refinery Outside China Abruptly Halves Output On NatGas Disruption
Norwegian aluminum producer Norsk Hydro's Alunorte plant in Brazil, one of the world's largest alumina refineries, reduced output by 50% following disruptions to natural gas availability.
Bloomberg reports that disruptions to NatGas availability at Alunorte forced a 50% reduction in output and sent aluminum prices in London to a seven-week high. Hydro said production would return to full capacity once gas supplies normalize.
Aluminum rose nearly 2% in London and traded at $3,373 a metric ton. Alumina futures gained 1%...
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May 27, 2026 / Dave DeCamp
US Launches Another Round of Airstrikes Against Iran
A US official told Reuters on Wednesday that the US military launched another round of airstrikes in Iran, an attack that risks plunging the region back into full-scale war. Details of the attack are minimal, but it comes after Iranian media reported there were explosions near Bandar Abbas, an Iranian port city on the Strait […]
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Apr 29, 2026 / Tyler Durden
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Billionaire Tim Draper: You Should Be Scared If You Don't Own Bitcoin
Authored by Micah Zimmerman via Bitcoin Magazine,
Speaking on the Nakamoto Stage, Tim Draper told attendees that bitcoin has entered the financial mainstream and that governments now roll out “the red carpet” for the industry. He said the community is “starting to feel like something is happening” as adoption grows, and he cast that shift as the early phase of a larger transition in the money system.
In his view, people will move in stages: first from dollars to stablecoins,...
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