JPM Reports Surprise Revenue And EPS Miss, Guides Higher Net Interest Income

CEO Warns The 2028 Election Will Be A Brutal Referendum On This One Thing Some of Silicon Valley's biggest AI boosters are warning that artificial intelligence could become a defining issue in the 2028 presidential election as voters grow increasingly uneasy about the massive infrastructure buildout needed to power the technology. Box CEO Aaron Levie told the Andreessen Horowitz podcast that the next presidential contest could effectively become an "AI election," forcing candidates to confront growing public anxiety surrounding the technology. "The next election will 100% be a referendum on AI," Levie...

Amazon Jumps On Solid AWS Growth And Profit, Even As Outlook Disappoints And Free Cash Flow Turns Negative As Bloomberg notes, "Microsoft’s solid earnings breathed new life into the tech sector Thursday, but Amazon’s report after the bell this evening could deflate the optimism again." To be sure, there’s a lot riding on Amazon results. The longevity of the AI spending boom is in doubt as shareholders punish ambitious capex plans, which has taken away some of the support away from the chipmaker stocks.  Before Microsoft’s earnings, the Philadelphia Semiconductor Index...