American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Shares closed at $1022.64 after hitting an intraday low of $1012.86.
Google tripled its capital expenditures in the first quarter, highlighting investment in facilities and data centers.
Analysts are generally bullish on the strategy, but keeping a close eye on margins.
"Top-line outperformance coincides with aggressive investment, and that's a good thing," analysts for Baird wrote in a note.
Margins remain under pressure, though, as Alphabet ups spending in research and development, real estate and headcount, Baird said.
"Importantly, we believe these are necessary for innovation and to sustain long-term growth," the analysts said.
The company is building out its investment in cloud computing, placing it in more direct competition with Amazon and outlining a path forward for the company beyond advertising revenue.
"GOOG sounds like AMZN," analysts for Macquarie wrote in a note. "It sees very large opportunities for long-term growth (search, YouTube, Cloud, cars, health, etc…) and it is going to invest in them. This is absolutely the correct thing to do and will over the long term increase shareholder value."
"GOOG is clearly still doing the right thing and investing for the future, but that is a lower margin future," Macquarie said.
Tuesday's drop pushed Alphabet into the red for 2018. The stock is still up more than 15 percent in the 12-month period.