Alphabet expects capital expenditure (capex) to \u201cincrease significantly\u201d next year, she said at <\/span>Fortune\u2019s<\/span><\/i> Most Powerful Women Summit in Santa Barbara, Calif., adding that the company remains \u201ccapacity constrained\u201d as demand grows.<\/span><\/p>\n \u201cThe demand for compute\u2014because of the value that our partners are seeing in the enterprise, in governments, what we\u2019re seeing across our platform\u2014suggests that we\u2019re in the buildout here now,\u201d she said. \u201cWe do see this as an opportunity that extends for quite some time.\u201d<\/span><\/p>\n \u201cThe thing that is true throughout history is anything that is not built for the long run won\u2019t endure for the long run,\u201d Porat said. She noted that Alphabet\u2019s capex is itself a payoff from a strategy devised years ago, starting with Google\u2019s 2016 pivot from \u201cmobile first\u201d to \u201cAI first.\u201d<\/span><\/p>\n The New Blueprint for Power: MPW Kicks Off<\/span> | Fortune Daily<\/span><\/p>\n \u2018The norm will be to trade with agents\u2019: Crypto founders learn to love\u2014and fear\u2014AI<\/span> – Angelica Ang<\/span><\/p>\n Binance weighs stock access in markets including Hong Kong and South Korea, says co-CEO Richard Teng<\/span> – Angelica Ang<\/span><\/p>\n Top execs say the $124 trillion Great Wealth Transfer, women entrepreneurs, and veterans are poised to remake the financial landscape<\/span> – Emma Burleigh<\/span><\/p>\n \u2018If you take your foot off the pedal at all, you will start to stall\u2019: Women in C-suite roles have stagnated, and the reasons go beyond the pipeline<\/span> – Sasha Rogelberg<\/span><\/p>\n This 39-year-old quit 80-hour consulting weeks to make underwear for his struggling family business. He credits \u2018sweaty feet\u2019 for record profits<\/span> – Nick Lichtenberg<\/span><\/p>\n I built a family business from scratch to $200 million. Now I\u2019ve become its bottleneck<\/span> – Rostyslav Vovk<\/span><\/p>\n Despite his $200 million success, Matthew McConaughey spent a weekend in the desert reading 20 years of bad reviews\u2014he says some of them had \u2018a point\u2019<\/span> – Orianna Rosa Royle<\/span><\/p>\n We\u2019re not there yet, but some on Wall Street think France\u2019s rising government bond yields, coupled with the riots, may undo certain French banks, leading to foreign depositors pulling their money out of the country.<\/span><\/p>\n For days, student protesters and unions have marched in the streets and clashed with police over conditions in dilapidated French schools. Pupils often complain of overcrowding in classrooms, lack of heating in winter and lack of air conditioning in summer.<\/p>\n Macquarie analysts Thierry Wizman and Gareth Berry have argued in a series of notes that if the rioters successfully persuade the government to increase education spending, French bond yields will rise.<\/p>\n \u201cWe can easily see how further increases in sovereign bond yields and\/or widening riots can cause deposit flight,\u201d they warned in a note to clients yesterday. \u201cIt was, after all, the rapid rise in bond yields in the U.S. in late 2022 and early 2023 that resulted in the liability-side collapse of Silicon Valley Bank and Republic Bank, as well as programmed liquidity interventions from the Fed for the banking system overall. More generally, rapid increases in bond yields have been associated with financial collapses in the past, and there is no obvious reason to believe that Europe’s financial institutions\u2014especially France’s institutions\u2014would be immune from the rapid rise in yields taking place there over the past few months.\u201d<\/span><\/p>\n \u201cThe rise in underlying yields may be associated with capital fleeing from France. And if this extends to deposit flight from its commercial banks, then the prospect of an ECB intervention – say, using programs specifically directed at preserving bank liquidity, such as its refinance operations,\u201d could be a possibility, they said.<\/span><\/p>\n Context: They also said there is currently no sign of this happening.<\/span><\/p>\n <\/p>\n <\/span><\/p>\n Tech investors lost their nerve in Asia today as shares in chipmaker SK Hynix fell more than 10% and Samsung fell 7.39%. In the Netherlands, ASML was down 1.48%. Their fear was driven in part by <\/span>remarks from Broadcom CEO Hock Tan,<\/span> who said at an event in Singapore yesterday that \u201cA lot of investors have no clue what they are investing in [and] set very extreme expectations only to find out that it\u2019s almost like they are in a casino.\u201d<\/span><\/p>\n He said a lot of AI customers were \u201cwasting money\u201d on tokens as they experimented fruitlessly to find ways to improve their productivity. \u201cWhen you are a kid, you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven\u2019t learned anything,\u201d he said. \u201cThat\u2019s what is happening in enterprises today.\u201d<\/span><\/p>\n Markets in Europe were more resilient and U.S. futures were flat before the open.<\/span>\u00a0<\/span><\/p>\n In the period from one month before the midterm elections to two months after, the S&P 500 has gone up in 21 of the previous 23 midterm years, according to Binky Chadha and Parag Thatte at Deutsche Bank.\u00a0<\/span><\/p>\n <\/p>\n <\/span><\/p>\n <\/p>\n <\/span><\/p>\n Global tourism in Q2 was largely affected by the war in the Middle East, according to HSBC analysts Maitreyi Das and Prachi Mathur. In Q1, tourism numbers were up by 2%. But Q2 saw a 1% decline. \u201cAround 690 million tourists traveled in the first six months of 2026, just 0.4% more than a year earlier,\u201d they said.<\/span><\/p>\n The annualized percentage increase in spending per household on U.S. credit and debit cards in September, according to Bank of America. The increase is \u201cthe third strongest we’ve seen in the last four years,\u201d Liz Everett Krisberg and David Tinsley said in a note.<\/span><\/p>\n Top economies heading for biggest budget deficits since Covid, IMF warns<\/span> – FT<\/span><\/p>\n Feds search Rep. Ilhan Omar’s home in immigration probe<\/span> – Axios<\/span><\/p>\n Cyber attack hits hundreds of French supermarkets, heating fridges to 122\u00b0F and sparking fires<\/span> – CNBC<\/span><\/p>\n Dating-app company Bumble in advanced talks to go private at $1 billion valuation<\/span> – WSJ<\/span><\/p>\n Infosys chairman calls job fears \u2018Hogwash\u2019 as AI spurs business<\/span> – Bloomberg<\/span><\/p>\n After Russian diesel deal, Trump faces new crisis over Ukraine<\/span> – NYT<\/span><\/p>\n Pickleball company files for bankruptcy as founder acknowledges business mistake: \u2018I own it\u2019<\/span> – NY Post<\/span><\/p>\n One of the most entertaining low-stakes battles on the internet of the last few days has been singer <\/span>Kelly Clarkson\u2019s vendetta against a Brooklyn toy store<\/span> whose clerk, she alleges, assumed she was poor and declined to help her buy a $15,000 mechanical bird. \u201cWow, dude. You’re an idiot and just lost a huge sale. But y’all should go check out Art of Play in Brooklyn if you enjoy being treated like Julia Roberts\u2019 character in Pretty Woman,\u201d she said on X.<\/span><\/p>\n The shop responded on Instagram: \u201cYesterday, Kelly Clarkson visited us in Brooklyn and inquired about buying \u2018Molly,\u2019 a one-of-a-kind singing and dancing bird automaton who plays an important role in the magic shows we host here. Molly is permanently attached to the wall and isn’t for sale.\u201d And then: \u201cImagine our surprise when our small local business was suddenly attacked by 8 million people who have never visited our store. It’s been a surreal experience to be the focus of such widespread outrage after just one mention by a celebrity.\u201d<\/span><\/p>\n Clarkson was having none of it. \u201cSo the whole conversation we had when I asked you if it was for sale whilst pointing to the price tag hanging on the wall with the title Singing Bird didn’t happen as you elevator eyed me saying in a condescending tone \u2018yes, it’s for sale but it costs 15,000 dollars so if you’d like me to find something comparable for you I can.\u2019 That all never happened and now it’s not for sale. Okay, cool. So you’re not only rude, you’re also a liar. Got it.\u201d<\/span><\/p>\n #Banks #France #collapse #widening #riots #deposit #flight #analysts #warn<\/p>\n","protected":false},"excerpt":{"rendered":" Alphabet is spending roughly $… <\/p>\n","protected":false},"author":1,"featured_media":6694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1111,3013,3221,9805,515,1757,516,1346,456,166,381,9804,2705,9803],"class_list":["post-6693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-analysts","tag-banks","tag-collapse","tag-deposit","tag-economics","tag-flight","tag-fortune-500-digest-weekday","tag-france","tag-iran","tag-markets","tag-news","tag-riots","tag-warn","tag-widening"],"yoast_head":"\nMORE FROM FORTUNE<\/h3>\n
ALARMIST, MUCH?<\/h3>\n
Watch for signs of bank collapses if capital flees France, Macquarie warns<\/b><\/h2>\n
![\"\"](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-12-at-161225.png?format=webp&w=1440&quality=75\"\/)
<\/div>\nTHE MARKETS<\/h3>\n
Chip stocks fold after Broadcom CEO says AI trade is like a \u201ccasino\u201d\u00a0<\/b><\/h2>\n
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Stocks will probably do OK after the midterms, Deutsche Bank says<\/b><\/h2>\n
![\"\"](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/image001.png?format=webp&w=1440&quality=75\"\/)
<\/div>\nCHART OF THE DAY<\/h3>\n
War puts the brakes on global tourism<\/b><\/h2>\n
![\"\"](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-12-at-131815.png?format=webp&w=1440&quality=75\"\/)
<\/div>\nNUMBER OF THE DAY\u00a0<\/h3>\n
6.2%<\/b><\/h2>\n
THE FRONT PAGES TODAY<\/h3>\n
ONE MORE THING<\/h3>\n
Retailers: Do not be rude to Kelly Clarkson\u2014she will go to war against you<\/b><\/h2>\n
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