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Business briefing · Thursday, October 29, 2026 · Morning edition · Story 3 of 5
Alphabet stock drops sharply after earnings report
Alphabet's stock fell 10% in premarket trading following its earnings report. The company reported worse-than-expected free cash flow and maintained its spending guidance for the year.
Why it matters: Investors are worried that Alphabet's growth in cloud revenue isn't offsetting concerns about AI's impact on its search advertising business.
Sources: CNBC · MarketWatch
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