both alphabet and microsoft have reported profits for the last quarter. all eyes at the us federal reserve as it will release it s latest interest rate decision. and, exactly one year away. we look at the economics of the paris olympic games. it s a big week for big tech, both microsoft and alphabet have reported their latest quarterly earnings. and each company saw their profits soar. the two firms are locked in a race to develop artificial intelligence tools. but as my colleague michelle fleury explains, that isn t quite driving future revenue yet. when it comes to cloud services
it s the start of earnings season for big tech! both alphabet and microsoft have reported profits for the last quarter. all eyes at the us federal reserve as it will release its latest interest rate decision. and, exactly one year away. we look at the economics of the paris olympic games. it s a big week for big tech, both microsoft and alphabet have reported their latest quarterly earnings. and each company saw their profits soar. the two firms are locked in a race to develop artificial intelligence tools. but as my colleague michelle fleury explains, that isn t quite driving future revenue yet.
after failing to find a buyer. the company saw its share price fall by nearly 30% after announcing it would terminate the move. at the same time, cineworld said it had struck a deal with its lenders to restructure its substantial debt and exit bankruptcy. tesla has delivered a record number of vehicles in the first financial quarter after slashing prices. the ev company saw its sales rise by 36%, after two price cuts aimed at boosting demand. the discounts came at a time when consumers face soaring inflation and higher interest rates, but also unprecedeted choice in the ev market. lecturing the numbers we showed you a little earlier. these are the numbers. the ftse100 bouncing back i was a higher than expected. there s a lot of nervousness about a global slowdown, there s a lot of nervousness about a globalslowdown, but there s a lot of nervousness about a global slowdown, but that is the number we are keeping an eye on today. brent is down to nearly $81; a
rising cost of living. but today s figures marked a slowdown since october which showed an increase of 0.5%. and there are concerns that soaring costs could still tip the uk into recession the figures show uk economic output as a whole shrank by 0.3% betweenjuly and september. our business correspondent ben king has this report. a world cup full of surprises has produced another unexpected result. football fans spend more money in november celebrating in pubs or at home, helping the economy to grow by no .1% and not shrink as many economists expected. but there was not much to celebrate for many other companies. this company saw strong sales about black friday but things have been slowing as consumers tighten their belts.
this company saw strong sales about black friday but things have been slowing as consumers tighten their belts. people are finding things difficult. they are people are finding things difficult. they are worried about their basic costs they are worried about their basic costs of they are worried about their basic costs of heating and fuel and the worries costs of heating and fuel and the worries of costs of heating and fuel and the worries of inflation. so we can very much worries of inflation. so we can very much tell worries of inflation. so we can very much tell that there is a little bit of tension much tell that there is a little bit of tension in consumers and we feel it ourselves at this company in worcester, they can feel the economy slowing down. we have not had the heating on. i am very frugal we have not had the heating on. i am very frugal with my heating and hot water very frugal with my heating and hot water. we very frugal with my heating and hot water.