As we do every Sunday, here are the top news stories from the past week.
Tuesday:
$AIR (-0,62 %) Airbus and $BA (+1,09 %) Boeing are delivering more aircraft, though Airbus’s lead is shrinking. Among other orders, Saudi Arabia’s Riyadh Air ordered six new A350-1000 aircraft.
Wednesday:
Following somewhat mixed results from $TSLA (+1,97 %) Tesla—which didn’t go over so well on the stock market—Musk is fueling rumors of a possible merger between $SPCX (+1,91 %) SpaceX and Tesla. It wouldn’t be the first time Musk has merged his companies …
$GOOGL (+1,11 %) Alphabet reported earnings above expectations but increased its investments to a new record level. In Q2, revenue rose 24% to $120 billion. Profit came in at an incredible $112 billion, primarily due to paper gains from its stakes in SpaceX and Anthropic. Alphabet also plans to invest nearly $200 billion in AI infrastructure. This means a single corporation is investing more than the German government is through its special fund. As a result, overall cash flow was negative, which didn’t go over well on the stock market.
https://www.tagesschau.de/wirtschaft/unternehmen/google-cloud-ki-zahlen-investitionen-100.html
Thursday:
$ROP (+1,17 %) Roche reported a 2% decline in revenue for the first half of the year, primarily due to negative currency effects. On a currency-adjusted basis, revenue would have grown by 6%. However, the Swiss franc has continued to appreciate. At 23.6 billion Swiss francs, the pharmaceuticals division remains the most important business segment, ahead of diagnostics (6.7 billion Swiss francs).
$INTC (+1,09 %) Intel is benefiting from the AI boom and increased its quarterly revenue by 25%. At $16.1 billion, revenue was $1.5 billion above expectations. Profit was even twice as high as expected.
Friday:
VW’s profit $VOW (+1,55 %) VW plummeted again to 1.5 billion euros, down from 2.3 billion euros the previous year. VW’s revenue rose by 2%. For the full year, VW expects revenue to decline by 1–3%.
https://de.finance.yahoo.com/nachrichten/nettogewinn-volkswagen-zweiten-quartal-um-062011552.html
