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Finance & Markets

Allied Announces Third-Quarter Results

Reduction of the monthly distribution by 90% to strengthen the balance sheet Leasing and occupancy gains ahead of expectations Dispositions on track to exceed 2026 target and multi-year program expansion by $750 million-$1.5 billion is underway 2026 deleveraging objectives on track TORONTO, Oct. 28, 2026 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) […]

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Alphabet shares plummet after revenue miss

Google parent Alphabet on Wednesday missed Wall Street profit and revenue expectations, and AI spending accelerated its cash burn, sending its shares down more than 10 percent in extended trading.

  • Alphabet shares dropped over 10% after missing profit and revenue expectations
  • CFO Anat Ashkenazi noted AI spending surge and increased capital expenditures
  • Company reported US$9.07 billion negative free cash flow, missing Wall Street's expectations

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