Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off. ... The company’s profit climbed 29 percent, to $23.6 billion, beating Wall Street’s expectation of $22.7 billion.

A big rally for stocks that began in Asia lost steam amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s tariffs.

Advertising sales, Alphabet’s chief revenue source, rose 11% to $64.6 billion. CEO Sundar Pichai, above. AP. Alphabet reported capital expenditures of $13 billion in the June quarter.

Investment firm Sixth Street will acquire Enstar for $5.1 billion, ... July 29, 2024 4:50 PM UTC Updated July 29, 2024 ... Enstar reported a 52% jump in its adjusted profit for the quarter ended ...

Wall Street drifts, yields jump and Paris stocks soar as elections drive markets. ... The yield on the 10-year Treasury climbed to 4.46% from 4.39% late Friday and from 4.29% late Thursday.

On the losing side of Wall Street were automakers and other heavy users of steel and aluminum. Ford fell 3.9%, and General Motors reversed by 3.9%. All told, the S&P 500 rose 24.25 points to 5,935.94.