Alphabet’s Cloud Growth Sends Sales Soaring

Good morning. Big Tech earnings rolled in with Alphabet hitting the right notes and going big on the cloud. Trump Media rallies as polls show the US election in a dead heat. And vintage Nikes are the next threat to carbon offsets. Listen to the day’s top stories.

Big Tech day: Google parent Alphabet’s shares climbed after third-quarter sales beat analyst estimates, helped by the growth of its cloud computing business, which supplies computing power, software and services to other companies. In other tech earnings, chip-maker AMD’s stock price fell after it gave a lackluster forecast, sparking concern that its artificial intelligence sales are growing more slowly than anticipated. Reddit surged to a record high after it beat sales expectations. And Snap earnings suggested the overhaul of its advertising business is catching on with marketers.