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Alphabet's first negative free cash flow in 22 years signals the end of Big Tech's AI spending blank check

Alphabet's Q2 2026 free cash flow turned negative for the first time since its 2004 IPO, triggering a 7% single-day stock drop and raising hard questions about Big Tech's AI spending pact with investors.

Oil's return to $100 puts Hormuz and Red Sea shipping at the center of market risk

Trump expands tariff pressure across global trade partners, the EU and China