Online ad sellers gained over $100 billion in stock market value following strong quarterly results from Alphabet, Reddit, and Snap. Alphabet’s stock rose 4% due to robust digital advertising and AI-driven cloud service demand. Meta and Amazon also saw stock increases, while Snap jumped 7% due to exceeding revenue and user growth expectations. Reddit surged 20% after forecasting higher-than-expected revenue.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed