Alphabet and Meta reported record AI-related spending in their latest earnings, with Alphabet's free cash flow turning negative for the first time. Investors are losing patience with promises that returns are coming.
President Trump announced an agreement for Hamas to fully disarm in Gaza, but disputes over the order of disarmament and Israeli withdrawal leave the deal's future uncertain.
The Senate on Thursday narrowly rejected a war powers resolution aimed at halting U.S. military operations against Iran, with an unusual party-line split that saw one Democrat vote no and three Republicans vote yes.
The Federal Reserve voted 9-3 to hold interest rates steady on Wednesday, with three regional bank presidents dissenting in favor of a hike. It was the sharpest split on the FOMC in a decade.
Microsoft's fourth-quarter results showed Azure cloud sales topping $100 billion annually and profits up 31%, sending shares 8% higher and reigniting the argument over the scale of AI capital spending.
The Senate Judiciary Committee delayed Thursday's vote on Todd Blanche's attorney general nomination after Sens. Thom Tillis and John Cornyn demanded written DOJ commitments on a January 6 compensation fund and IRS enforcement.
The FCC blocked new imports of foreign-made humanoid robots and power inverters, many produced in China, arguing they could enable surveillance or remote sabotage. Beijing called the move politically motivated.
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