Monday, November 2, 2026

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Alphabet Loses $500 Billion as AI Spending Raises Doubts About Returns

Alphabet shares fell 12.6% as heavy AI investment pushed cash flow below zero. The technology sell-off spread across global markets while investors sought government bonds and safer currencies.

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Pakistani LNG cargo attacked near Hormuz despite Iran’s permission to pass, Bloomberg reports

A Pakistani LNG cargo travelling with Iran’s permission was targeted near the Strait of Hormuz, Bloomberg reported. A Qatari gas company said no crew members were harmed.

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