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Ticker: Google’s Q2 earnings of $112.1B beat Wall Street

Local Business

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far. The Mountain View, California-based company said Wednesday it earned $112.11 billion, or $9.11 per share, in the April-June period. That’s up from $28.2 billion, or $2.31 per share, in the same period a year earlier. Revenue grew 24% to $119.8 billion from $96.43 billion. Analysts, on average, were expecting revenue of $117.06 billion, according to a poll by FactSet. Earnings at Tesla fall as ...

EU gives OK to Paramount merger

Local Business

NEW YORK — The European Union approved Paramount’s $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide. But the greenlight comes with certain conditions. The European Commission — which serves as the EU’s antitrust enforcer — said that even with a Paramount-Warner combo, enough competitors would exist across markets like film production and streaming in its 27-nation bloc. Still, when it comes to distributing movies to theaters, the ...

Briefcase: F.N.B. reports record revenue

Local Business

PITTSBURGH F.N.B. Corporation reported earnings for the second quarter of 2026 with net income of $148.7 million, or $0.42 per diluted common share. Comparatively, second quarter 2025 net income totaled $130.7 million, or $0.36 per diluted common share, and first quarter 2026 net income totaled $137.0 million, or $0.38 per diluted common share. “F.N.B. Corporation’s second quarter results reflect the successful execution of our technology-focused strategic business model, highlighted by a 17% year-over-year increase in EPS to $0.42. Record revenue of $463 million drove a 9% ...

OpenAI blames hacks on AI model going rogue

Local Business

ChatGPT maker OpenAI says it is still investigating the “unprecedented cyber incident” that led its artificial intelligence systems to break out of a testing environment and hack into another AI company. OpenAI said Tuesday two of its most capable AI models were responsible for the cyberattack targeting AI startup Hugging Face. The incident is stirring debates over the need for stronger AI guardrails and the extent to which AI agents are capable of acting on their own. Hugging Face said last week that it had detected an intrusion into its data processing systems that it suspected ...

Trump honors 4 US service members killed in Middle East

National News

DOVER AIR FORCE BASE, Del. — President Donald Trump on Wednesday honored the lives of four U.S. service members who were killed in the Middle East and returned to their families at an air force base in Delaware. The president saluted as four transfer cases carrying the service members’ remains were escorted off an airplane during the dignified transfer at Dover Air Force Base. The ritual is one of the most somber duties of a commander in chief. It was the third that Trump has attended since he launched the war in Iran in February. Speaking at an event in Georgia hours later, ...

Heat wave brought record deaths in France

International News

PARIS — France recorded at least 5,700 more deaths than usual during a historic heat wave last month, the public health agency said Wednesday, sharply increasing its estimates of the feared toll from record-shattering temperatures. Public Health France said regions hit by the heat from ...