Google has secured a $10 billion cloud deal with Meta

$10B

$10 billion — that’s the minimum amount Meta will be spending to use Google’s cloud service over the next six years.

As The Information first reported on Thursday, Meta signing a deal with Google Cloud is a big win for Alphabet as it aims to catch up with rivals Amazon Web Services and Microsoft Azure. In June, the tech giant also secured a deal with OpenAI, which had previously been dependent on Microsoft’s services.

According to sources familiar with the matter, the new agreement will mainly cover Meta’s artificial intelligence infrastructure. Though the company’s been pulling back on its headcount in AI, it’s still an area the company is investing heavily in, with total expenses expected to run between $114 billion and $118 billion in total this year, per its earnings report last month.

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Max Knoblauch10/24/25

Premium seats help push airlines higher following third-quarter results

Shares of American Airlines are climbing toward the carrier’s best trading day since August 12, when ultra-budget rival Spirit issued its initial warning about its ability to survive. American’s shares are up more than 7% on Friday afternoon.

Investors’ optimism comes a day after American posted a better-than-expected full-year earnings forecast. In a call with investors, American said that it’s ramping up its premium cabin offerings.

“Our ability to grow capacity in premium markets will be further supported as we take delivery of new aircraft and reconfigure our existing fleet. These efforts will allow us to grow our premium seats at nearly two times the rate of main cabin seats,” CEO Robert Isom said. American CFO Devin May said that nose-to-tail retrofits of certain wide-body jets will bump the number of premium seats available on those planes by 25%.

Extra legroom has been a boon for major carriers, particularly this quarter. Delta Air Lines said its premium product revenue grew 9% in Q3, compared to a 4% drop in economy seat revenue. Similarly, United Airlines said its premium revenue grew 6%, outpacing economy. Shares of both airlines were up more than 3% on Friday.

Carriers with less exposure to first- and business-class tickets like Southwest Airlines and JetBlue didn’t see the same amount of momentum on the day.

Ford rallies to 52-week high: Wall Street is optimistic about its EV reset and aluminum plant recovery plan

Ford shares reached their highest level since July 2024 in Friday morning trading.

Max Knoblauch10/24/25

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Hasbro’s Wizards just worked their magic on earnings

The “Dungeons & Dragons” maker raised its outlook after a 42% surge in tabletop and digital gaming sales.

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GM plans to launch conversational AI in some vehicles next year

The automaker announced a host of tech initiatives at its GM Forward event on Wednesday morning.

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Employer-provided healthcare premiums rose to an average of $27,000 this year

Coverage of GLP-1s is among the drivers for rising premiums.

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