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Asian shares fall as Alphabet earnings miss drags Wall St futures lower
SYDNEY: Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day. Hefty cash burn from Alphabet sent its shares 10% lower in after-hours trading, wiping nearly $400 billion off its market value. That drove Nasdaq futures 1% lower. Microsoft, by contrast, beat forecasts with better-than-expected cash flows that lifted its shares by 3%. Dollar steady after Fed hold leaves rate path murky Overnight, the Federal Reserve held interest rates steady as widely expected, bu...
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