Business

Australian Grocery Giant Warns of Sustained Food Price Hikes

Australian Grocery Giant Warns of Sustained Food Price Hikes

Woolworths warns of continued grocery price hikes as global supply chain pressures, including volatile fuel and fertilizer costs, impact the Australian market. Consumer behavior is shifting globally as households face sustained food-at-home inflation.

Alphabet Q1 Earnings Surge on Cloud Dominance and AI Demand

Alphabet Q1 Earnings Surge on Cloud Dominance and AI Demand

Alphabet reported a strong Q1 2026 with $109.9 billion in revenue, as Google Cloud's AI-driven growth surged 63%. CEO Sundar Pichai noted that demand currently exceeds compute capacity, prompting higher capital expenditure projections for 2027.

Alphabet Shares Surge as AI Demand Drives Record Revenue

Alphabet Shares Surge as AI Demand Drives Record Revenue

Alphabet shares surged after the company posted $110 billion in quarterly revenue, fueled by a record cloud services backlog and record-high Google search queries. CEO Sundar Pichai highlighted strong growth in Gemini's paid user base and Waymo’s autonomous transition.