':"";if(r){var a=n.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",a).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?U:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,r=void 0,a=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new notifications.",errorMsg:"",headerMsg:"Notifications",imageTag:"img:40x40|2|80",indicatorClass:"yns-indicator",indicatorSelector:null,maxCount:6,notificationCenterNavMsg:"View all {newCount} notifications",notificationCenterPath:"",notificationTypes:"",parentSelector:null,styleTagId:"notificationStyles",theme:"default"},service:{attemptCount:1,attemptDelay:2,url:null,resetUrl:null,isRMP:!1,responseType:"json",timeout:1500}},Y={NotificationClient:function(){function e(t){E(this,e);var n=this;n.config=n._parseConfig(t),n._validateRequiredConfigs()&&(n._request=new S(n.config),n._store=new O(n.config,n._request),n._view=new H(n.config,n._store),n._panelController=new j(n.config,n._store,n._view),n._panelController.createPanelParentNode(),n._assignHelperMethods())}return C(e,[{key:"_parseConfig",value:function(e){var t={};for(var n in N(t,F),t)if(t.hasOwnProperty(n)){var o=t[n],i=e[n];"object"===(void 0===o?"undefined":L(o))?N(o,i):t[n]=e[n]}return t}},{key:"_validateRequiredConfigs",value:function(){var e=this.config;return!(!e.panel.parentSelector||!e.service.url)}},{key:"_assignHelperMethods",value:function(){var e=this;e.helpers={refreshPanelNode:e._panelController.refreshPanelNode.bind(e._panelController),resetBadge:e._panelController.resetBadge.bind(e._panelController),resetIndicator:function(){I(e._panelController._indicatorNode,e.config.panel.indicatorClass)}}}}]),e}()},z="lnct",G=function(){function e(){var e,t;this.personalized=!1,this.ybarElem=document.getElementById("ybar"),this.partnerClasses=null===(t=null===(e=this.ybarElem)||void 0===e?void 0:e.className)||void 0===t?void 0:t.match(/ybar-variant-([a-z]*)/),this.client=new Y.NotificationClient(this.getConfig())}return e.prototype.refreshPanel=function(){var e,t,n,o=this,i={lastUpdate:this.getTimeStamp()||this.setTimeStamp(),loadInHpViewer:!0,includePersonalized:this.personalized},r=(null===(e=window.YAHOO)||void 0===e?void 0:e.context)||(null===(t=window.Af)||void 0===t?void 0:t.context)||{};return r.region&&r.lang&&(i.lang=r.lang,i.region=r.region),(null===(n=this.partnerClasses)||void 0===n?void 0:n.length)&&(i.partner=this.partnerClasses[1]),new Promise((function(e,t){o.client.helpers.refreshPanelNode({matrixParams:i},(function(n,o){n&&(l("Notification refresh error:",n),t(n)),e(o)}))}))},e.prototype.resetBadge=function(){this.client.helpers.resetBadge(),this.setTimeStamp()},e.prototype.getConfig=function(){var e,t,n,o,i,r=document.getElementById("notification-container"),a=null===(e=null==r?void 0:r.dataset)||void 0===e?void 0:e.config;if(D&&!a)return D;var s={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0},badge:{selector:"#notif-badge",hideClass:"ybar-notification-hidden"},panel:{emptyPanelMsg:"You have no new notifications.",errorMsg:"Please check back later.",headerMsg:"Notifications",maxCount:5,parentSelector:"#ybarNotificationBody",notificationTypes:"breakingNews"},service:{url:"/tdv2_fp/api/resource/NotificationHistory.getHistory",isRMP:!1}},c={};if(a){"att"===(null===(t=this.partnerClasses)||void 0===t?void 0:t[1])&&(s.promos.showYahooLogo=!1);try{var u=JSON.parse(a);c=m({},u),this.personalized=1===u.personalize}catch(e){l("Notifications config parsing error",e)}r&&delete r.dataset.config}return D=this.mergeConfigs(s,c),(null===(n=this.partnerClasses)||void 0===n?void 0:n.length)&&"yahoo"!==(null===(o=this.partnerClasses)||void 0===o?void 0:o[1])&&(null===(i=D.promos)||void 0===i?void 0:i.subscriptionTopic)&&delete D.promos.subscriptionTopic,D},e.prototype.mergeConfigs=function(e,t){var n=m({},e);for(var o in e)n[o]=m(m({},e[o]),t[o]);return n},e.prototype.getTimeStamp=function(){var e;return null===(e=window.localStorage)||void 0===e?void 0:e.getItem(z)},e.prototype.setTimeStamp=function(){var e,t=""+Math.floor((new Date).getTime()/1e3);return null===(e=window.localStorage)||void 0===e||e.setItem(z,t),t},e}(),V=new G,W=function(){return V},K="",J=[],$=function(){},X=function(){window.removeEventListener("beforeunload",X),""!==K&&l("Rapid not found on page",new Error(K))},Z=null,Q=function(){return null===Z&&(Z=document.getElementById("ybar")),Z},ee=function(){var e=0,t=window.YAHOO;if(T)return T;if(t)if(t.i13n)if(t.i13n.__RAPID_INSTANCES__)if(t.i13n.__RAPID_INSTANCES__.length0)for(var n=0;n0){if(T.addModules(i,!1,o),J.length>0)for(e=0;e40959)&&(i19903)&&(i55215))return!1}return!0},ve={navBeaconFired:!1},he=["ready","navigation"],ye=function(){function e(e){var t=this;this.triggerEvent=s,this.addEventListener=c,this.logError=l,this.logPerformance=u,this.getConfig=d,this.getPerformanceMetrics=p,this.rapidRefresh=ne,this.state=m({},ve),this.modules=e,this.userEmail="",window.YBAR&&(he.forEach((function(e){var n="on".concat(e),o=window.YBAR[n];o&&(t[n]=o)})),window.YBAR.wssid&&(this.wssid=window.YBAR.wssid),window.YBAR.appid&&(this.appid=window.YBAR.appid)),he.forEach((function(e){var n="on".concat(e);c(e,(function(){for(var o,i=[],r=0;r0){if(o&&i){var n=t>99;o.classList.add("".concat(At)),i.classList.add("count-loaded"),o.textContent=n?"99+":t+"",n?o.classList.add("".concat(kt)):t>=10&&o.classList.add("".concat(St))}e.onDestroy((function(){o&&(o.textContent="")}))}})).catch((function(){}))}(e,s)}));var Ht="_yb_1e46uhr",jt=function(e,t){var n;t.logoImages&&(n=t.logoImages).length>0&&Array.prototype.forEach.call(n,(function(e){e.onerror=function(){e.onerror=null,e.style.display="none"}})),t.wrapper&&(function(e,t){e&&(Me("#ybar-logo","#ybar-logo",t),t.onDestroy((function(){e.classList.remove("ybar-show-outline"),e.classList.remove("ybar-hide-outline")})))}(t.wrapper,e),function(e,t){t&&e.addElementListener(t,"click",(function(){e.triggerEvent("logo-click")}))}(e,t.wrapper))};ge("ybar-mod-logo",(function(e){var t={wrapper:document.getElementById("ybar-logo"),logoImages:document.querySelectorAll(".".concat(Ht))};jt(e,t)}));var Ft={"dropdown-open":"_yb_1qr55t8","merchant-is-selected":"_yb_hpfgev",overlay:"_yb_1t4opbo","selected-merchant-clear-button":"_yb_sdzekv","shops-buttons":"_yb_1gmhi8h","styled-select":"_yb_1fed2vs",tooltip:"_yb_156j5sr","tooltip--show":"_yb_t94u7s",tooltip__text:"_yb_149d3c6",tooltip__voice:"_yb_rkldcd",tooltip__web:"_yb_1bze76z",dark:"_yb_of9a42",darker:"_yb_1br2rz9",light:"_yb_p0373k","search-border-gradient":"_yb_109k2ga","search-border-gradient-hover":"_yb_vljmzl",midnight60:"_yb_1o792pg","search-input-uh3-hover":"_yb_15ox84z","search-input-uh3-focus-visible":"_yb_1e6541m","sa-btn-bar":"_yb_1axm66t","searchbox-icon-uh3":"_yb_1uef33k",empty:"_yb_owcm9n"},Yt=function(e,t){var n=Math.max(e,t),o=Math.min(e,t),i=Math.abs(n-o);return b([],y(new Array(i+1)),!1).map((function(e,t){return o+t}))},zt=function(e,t,n){var o=e.getConfig().bucketConfig,i=(void 0===o?{}:o).enable_search_ui,r=void 0!==i&&i;if(t.ybar){t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),document.documentElement.classList.add("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"}),setTimeout((function(){t.searchInput instanceof HTMLInputElement&&(n&&(t.searchInput.value=n),t.searchInput.focus(),r&&window.YAHOO&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view&&!window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.show())}))}},Gt=function(e){var t;null===(t=e.ybar)||void 0===t||t.classList.remove("ybar-searchbox-assist-fullscreen"),document.documentElement.classList.remove("ybar-overlay"),document.body.classList.remove("ybar-overlay-noscroll"),e.searchInput instanceof HTMLInputElement&&(e.searchInput.value="",e.searchInput.blur())},Vt=function(e,t){var n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var o=n,i=o.keyCode,r=o.key,a=Yt(65,90),s=b(b([],y(Yt(58,57)),!1),y(Yt(96,105)),!1),c=b(b([],y(a),!1),y(s),!1).includes(i);(32===i||13===i||c)&&(n.preventDefault(),n.stopPropagation(),zt(e,t,c?r:""))})),t.searchBoxBackButton&&(e.addElementListener(t.searchBoxBackButton,"click",(function(e){e.stopPropagation(),window.YAHOO&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&(window.YAHOO.SA.apps[0].view.resetQuery(),window.YAHOO.SA.apps[0].view.hide()),Gt(t);te("ybar","back-close-srch","",{elm:"btn",subsec:"searchbox",itc:"1"})})),e.addElementListener(t.searchInput,"keyup",(function(e){e.stopPropagation();27===e.keyCode&&(e.stopPropagation(),Gt(t))}))),e.addEventListener("viewerClosed",(function(){Gt(t)})),window.self!==window.top&&t.ybar&&t.searchForm)t.searchForm.setAttribute("target","_top"),document.querySelectorAll("#ybar a").forEach((function(e){e.setAttribute("target","_top")}));e.onDestroy((function(){Gt(t)}))}},Wt=function(){function e(e,t,n){t&&(this.ybar=e,this.elem=t,this.options=n,this.show=this.show.bind(this),this.hide=this.hide.bind(this),this.addEventListeners())}return Object.defineProperty(e.prototype,"tooltip",{get:function(){var e=this;return this.tooltipMarkup||(this.tooltipMarkup=this.createTooltip(),(this.options.tooltipParentElm||this.elem).appendChild(this.tooltipMarkup),this.ybar.onDestroy((function(){var t,n;null===(n=null===(t=e.tooltipMarkup)||void 0===t?void 0:t.parentNode)||void 0===n||n.removeChild(e.tooltipMarkup)}))),this.tooltipMarkup},enumerable:!1,configurable:!0}),e.prototype.show=function(){this.tooltip.classList.add(this.options.showClass)},e.prototype.hide=function(){this.tooltip.classList.remove(this.options.showClass)},e.prototype.addEventListeners=function(){this.ybar.addElementListener(this.elem,"mouseenter",this.show),this.ybar.addElementListener(this.elem,"focus",this.show),this.ybar.addElementListener(this.elem,"mouseleave",this.hide),this.ybar.addElementListener(this.elem,"blur",this.hide)},e.prototype.createTooltip=function(){var e=document.createElement("div");e.className=this.options.containerClass||"";var t=document.createElement("p");return t.textContent=this.options.label,t.className=this.options.textClass||"",e.appendChild(t),e},e}(),Kt={containerClass:Ft.tooltip,textClass:Ft.tooltip__text,showClass:Ft["tooltip--show"]};ge("ybar-mod-searchbox",(function(e){var t,n=e.getConfig(),o={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Ft["sa-btn-bar"])),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Ft["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Ft["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Ft["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x"),searchGradientBorder:document.querySelector(".".concat(Ft["search-border-gradient"]))};if(function(e,t){var n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var t=e.code,n=e.key,r=t.startsWith("Key"),a=t.startsWith("Digit"),s=/^[!@#$%^&*()_+\-=[\]{};':"\\|,./?`~]$/.test(n);(r||a||s)&&!i&&(o.searchGradientBorder.classList.add("".concat(Ft["search-border-gradient-hover"])),i=!0)})),e.addElementListener(o.searchForm,"mouseover",(function(){i||o.searchGradientBorder.classList.add("".concat(Ft["search-border-gradient-hover"]))})),e.addElementListener(o.searchForm,"mouseout",(function(){i||o.searchGradientBorder.classList.remove("".concat(Ft["search-border-gradient-hover"]))})),e.addElementListener(o.searchInput,"click",(function(){i=!0})),e.addElementListener(o.searchInput,"blur",(function(){o.searchGradientBorder.classList.remove("".concat(Ft["search-border-gradient-hover"]))}))}o.searchForm&&(e.addElementListener(o.searchBoxIcon,"mouseover",(function(){o.searchForm.classList.add("".concat(Ft["search-input-uh3-hover"]))})),e.addElementListener(o.searchBoxIcon,"mouseout",(function(){o.searchForm.classList.remove("".concat(Ft["search-input-uh3-hover"]))})),e.addElementListener(o.buttonBar,"mouseover",(function(){o.searchForm.classList.add("".concat(Ft["search-input-uh3-hover"]))})),e.addElementListener(o.buttonBar,"mouseout",(function(){o.searchForm.classList.remove("".concat(Ft["search-input-uh3-hover"]))})),e.addElementListener(o.searchInput,"keyup",(function(e){"Tab"===e.key&&o.searchForm.classList.add("".concat(Ft["search-input-uh3-focus-visible"])),o.searchInput.classList.toggle("".concat(Ft.empty),""===o.searchInput.value)})),e.addElementListener(o.searchInput,"keydown",(function(){o.searchForm.classList.remove("".concat(Ft["search-input-uh3-focus-visible"]))})),e.addElementListener(o.searchInput,"focusout",(function(){o.searchForm.classList.remove("".concat(Ft["search-input-uh3-focus-visible"]))})),e.addElementListener(o.submitSearchBtn,"click",(function(e){""===o.searchInput.value.trim()&&e.preventDefault()})),e.addElementListener(o.clearSearchBtn,"click",(function(){o.searchInput.classList.add("".concat(Ft.empty))}))),o.submitSearchBtn&&"crunch"===n.ytheme&&new Wt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(Ft.tooltip," ").concat(Ft.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",$t="_yb_hkd17a",Xt="_yb_rtzclf",Zt="_yb_tdbhj6",Qt="_yb_de52ef",en="_yb_9hwrey",tn="_yb_slc8ta",nn="_yb_bf0svp",on="_yb_hjic9z";ge("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat($t)),wrap:document.querySelector(".".concat(Zt)),moreSectionTitle:document.querySelectorAll(".".concat(Qt)),editionsCtaBtn:document.querySelector(".".concat(en)),editionsMenu:document.querySelector(".".concat(tn)),closeBtn:document.querySelector(".".concat(nn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new We(e,{adaptiveNavBtn:n.moreBtn,containerElm:n.moreDropDown,innerContainerElm:n.editionsMenu,isAdaptiveNav:!0});var o=!1,i=function(t,n){var o=t.moreDropDown,i=t.moreBtn,r=t.wrap,a={sec:"ybar",slk:"More",elm:"expand",pkgt:"top",subsec:"navrail",itc:"1"};o&&i&&r&&o.classList.contains("".concat(Jt))&&(o.style.height=t.moreMenuDropDownHeight,o.classList.remove("".concat(Jt)),r.classList.add("".concat(Xt)),i.setAttribute("aria-expanded","true"),a.elm="expand",e.triggerEvent("adapnav:more:show",{event:n}),te("ybar",a.slk,"",a))},r=function(e,t){void 0===t&&(t=!1);var n=e.moreDropDown,i=e.moreBtn,r=e.wrap,a={sec:"ybar",slk:"More",elm:"close",pkgt:"top",subsec:"navrail",itc:"1"};n&&i&&r&&(n.classList.contains("".concat(Jt))||(n.classList.add("".concat(Jt)),n.style.height="0",r.classList.remove("".concat(Xt)),i.setAttribute("aria-expanded","false"),o||t||te("ybar",a.slk,"",a)))},a=function(e,t){void 0===t&&(t=!1);var n=e.editionsMenu,o={sec:"ybar",slk:"More",elm:"close",pkgt:"top",subsec:"navrail",itc:"1"};null==n||n.close(),null==n||n.classList.remove("".concat(on)),t||te("ybar",o.slk,"",o)},s=function(){var e;window.innerWidth0&&(t.chevron&&t.chevron.classList.remove("hide"),t.greetingsContainer&&(t.greetingsContainer.classList.add(cn.multiple),t.greetingsContainer.setAttribute("aria-expanded","false")))}for(var m=document.querySelector(".".concat(cn["ybar-user-accounts-list"]))||document.querySelector(".".concat(cn["accounts-list"])),v=function(n){var o=function(e,t,n){var o,i=n.ybarAccMenuItemTemplate,r=n.crumb;if(i){var a=(t+1).toString(),s=i.getAttribute("data-signedOutState"),c=i.getAttribute("data-signedInState")||"",l=i.getAttribute("data-done")||"",u=dn(i),d=u.children&&u.children[0];if(!d&&u.childNodes)for(var p=0;p a"),o=document.querySelector("#ybar-navigation-item-mail > a > span");null!==t&&null!==n&&(new Rt).fetchCount().then((function(t){o&&t>0&&(o.textContent="("+(t>99?"99+":t)+")",e.onDestroy((function(){o.textContent=""})))})).catch((function(){}))},zn=!1,Gn=-1,Vn=function(e,t,n){var o,i,r,a=-1,s=0;if(e.ybarNav&&e.navList){var c=window.getComputedStyle(e.ybarNav),l=parseInt(c.width,10)-parseInt(c.paddingLeft,10)-parseInt(c.paddingRight,10),u=61,d=e.navigationPlacement();if(d)u+=d.getBoundingClientRect().width;if(Dn)u+=Dn.getBoundingClientRect().width;for(var p=window.getComputedStyle(e.navList),f=parseInt(p.gap,10)||0,m=0;mg&&(m!==e.navItems.length-1||s+y>g||e.moreMenuDropdown&&e.moreMenuDropdown.hasChildNodes()&&Gn10?e.moreMenuDropdown.classList.add(e.longListClass):null!==e.moreMenuDropdown&&e.moreMenuDropdown.classList.remove(e.longListClass))}},Wn=function(e,t){var n,o=function(e,n){var o;e.classList.contains(t.moreMenuNavItemClass)&&(null===(o=t.moreMenuMainFocusItem)||void 0===o||o.setAttribute("aria-expanded",n))},i=function(){t.isTablet&&(document.body.classList.remove("ybar-nav-open"),document.body.removeEventListener("touchend",u))},r=function(n){var i=n.delegateTarget;i&&i.classList.contains(t.dropdownWrapperClass)&&(i.classList.contains(t.dropdownOpenClass)||(e.triggerEvent("nav:dropdown:show",{event:n}),t.isTablet&&(document.body.classList.add("ybar-nav-open"),document.body.addEventListener("touchend",u)),i.classList.add(t.dropdownOpenClass),o(i,"true")))},a=function(e){var n=e.delegateTarget;if(null==n?void 0:n.classList.contains(t.navigationDropdownListClass)){var r=n.parentElement;r&&!r.contains(e.relatedTarget)&&r.classList.contains(t.dropdownWrapperClass)&&(i(),r.classList.remove(t.dropdownOpenClass),o(r,"false"))}else if(null==n?void 0:n.classList.contains(t.dropdownOpenClass)){if(t.isTablet&&e instanceof FocusEvent)return;var a=e.target;Dn&&(!Dn||Dn.contains(a)&&"focusout"!==e.type)||(i(),n.classList.remove(t.dropdownOpenClass),o(n,"false"))}},s=ze(".".concat(t.dropdownWrapperClass),"focusin",r),c=ze(".".concat(t.dropdownWrapperClass,", .").concat(t.navigationDropdownListClass),"focusout",a),l=document.getElementById("ybar-navigation"),u=function(e){var n=null==e?void 0:e.target;t.isTablet&&e&&e.target&&e.target instanceof HTMLElement&&(e.target.classList.contains(t.dropdownOpenClass)||e.target.closest(".".concat(t.dropdownOpenClass)))||document.body.classList.contains("ybar-nav-open")&&!["svg","path"].includes(n.tagName)&&(null==l||l.querySelectorAll(".".concat(t.dropdownOpenClass)).forEach((function(e){e.classList.remove(t.dropdownOpenClass)})),i())};e.addEventListener("nav:closeOverflowMenu",(function(){u()}));var d=ze(".".concat(t.dropdownWrapperClass),"touchstart",(function(e){if(t.isTablet){var n=e.delegateTarget;n&&n.classList.contains(t.dropdownOpenClass)?a(e):(u(e),r(e))}})),p=null===(n=t.ybarNav)||void 0===n?void 0:n.querySelectorAll(".".concat(Rn));null==p||p.forEach((function(t){var n=t.parentNode;n&&null!==document.querySelector(".ybar-ytheme-crunch")&&e.addElementListener(n,"mouseenter",(function(t){e.triggerEvent("nav:dropdown:show",{event:t})}))})),e.onDestroy((function(){var e;d.destroy(),s.destroy(),c.destroy(),b([],y(null===(e=t.ybarNav)||void 0===e?void 0:e.querySelectorAll(".".concat(t.dropdownOpenClass))),!1).forEach((function(e){e.classList.remove(t.dropdownOpenClass);var n=document.activeElement;(function(e,t){var n=!1;if(!e||!t)return n;if("function"==typeof e.contains)n=e.contains(t);else for(var o=t;o;){if(o===e){n=!0;break}o=o.parentElement}return n})(t.ybarNav,n)&&setTimeout((function(){null==n||n.blur()}),1)}))}))},Kn=function(e,t,n,o){for(var i=t||window.location.pathname,r=n||window.location.hostname,a=(o||{}).setParentFocus,s=void 0!==a&&a,c=b([],y(e.topLevelNavLinks),!1),l=null,u=null,d=0;d li"),dropdownClass:t.dropdownWrapperClass,enableMoreMenu:i,moreMenuNavElm:t.moreMenuMainFocusItem,isUserAccountNavigation:!1});!function(e,t){var n,o;b([],y(null===(n=t.ybarNav)||void 0===n?void 0:n.querySelectorAll(".".concat(t.dropdownOpenClass))),!1).forEach((function(e){return e.classList.remove(t.dropdownOpenClass)}));var i=e.getConfig();Dn=(null===(o=i.bucketConfig)||void 0===o?void 0:o.enable_mid_nav_placement)?document.getElementById("ybar-mid-nav-placement"):void 0,"news"===i.property?Nn=-12:(Nn="finance"!==i.property&&"sports"!==i.property&&t.shiftMoreMenuEnabled?-24:-16,"zh-Hant-HK"!==i.locale&&"zh-Hant-TW"!==i.locale||(Nn=-20));var r=t.isTablet?"touchstart":"mouseover",a=ze(".".concat(t.dropdownWrapperClass,", .").concat(t.navigationDropdownListClass),r,(function(n){if(window||document){var o=window.innerWidth||document.documentElement.clientWidth,r=n.delegateTarget;if(r&&-1!=r.className.indexOf(t.dropdownWrapperClass)&&(r=r.querySelector(".".concat(t.navigationDropdownListClass))),r){r.style.removeProperty("left");var a=r.getBoundingClientRect(),s=Math.trunc(a.right),c=parseInt(window.getComputedStyle(r).marginLeft,10)+o-s;if(s>o)return"sports"!==i.property?void(r.style.marginLeft=c+"px"):void(r.style.right="0px");if(parseInt(r.style.marginLeft)0?r.style.removeProperty("margin-left"):r.style.marginLeft=c+"px":(r.style.removeProperty("margin-left"),r.style.marginLeft=Nn+"px"),t.isTablet){var l=r.previousElementSibling;if(Dn&&Dn.contains(r));else if(l){var u=l.getBoundingClientRect(),d=Math.trunc(u.left);r.style.left=d+"px"}}}}else{var p=new Error("Dropdown could not be initialized");e.logError("Error:",p)}}));e.onDestroy((function(){a.destroy()}))}(e,t),Yn(e),e.addElementListener(document,"DOMContentLoaded",(function(){Yn(e)})),Wn(e,t);var a=e.getConfig().bucketConfig,s=void 0===a?{}:a,c=s.enableDynamicNavfocus,l=void 0!==c&&c,u=s.enableFuzzyMatching;if(l&&(zn=void 0!==u&&u,Kn(t)),e.addEventListener("nav:setFocus",(function(e){var n=e.detail,o=void 0===n?{}:n,i=o.hostname,r=void 0===i?window.location.hostname:i,a=o.pathname,s=void 0===a?window.location.pathname:a,c=o.options;Kn(t,s,r,void 0===c?{}:c)})),i){var d=document.createElement("style");d.title="ybar_nav_interim",document.head.appendChild(d);var p=ze("#ybar-nav-more-menu ul a","click",(function(t){e.triggerEvent("navigation",{event:t})}));e.addEventListener("nav:resize",(function(){Vn(t,d,r)})),Vn(t,d,r);var f=e.getConfig();if("complete"===document.readyState)Jn(e,t,d,r);else{var m="load";("news"===f.property&&("zh-Hant-TW"===f.locale||"zh-Hant-HK"===f.locale)||"finance"===f.property&&"zh-Hant-TW"===f.locale)&&(m="DOMContentLoaded"),e.addElementListener(window,m,(function(){Jn(e,t,d,r)}))}e.addElementListener(window,"resize",(function(){Vn(t,d,r)})),e.onDestroy((function(){var e=d.parentNode;null==e||e.removeChild(d),p.destroy()}))}Zn(e,t)},Xn=function(e,t){var n=["zh-Hant-TW","zh-Hant-HK"].includes(e.getConfig().locale);return t.isFuji2&&n},Zn=function(e,t){if(t.isNavHidden){var n=!1;e.addElementListener(document,"DOMContentLoaded",(function(n){t.isNavHidden()&&e.triggerEvent("l2:hide",{event:n})})),e.addElementListener(window,"resize",(function(o){!n&&t.isNavHidden()&&e.triggerEvent("l2:hide",{event:o}),n=t.isNavHidden()}))}},Qn="#ybar-nav-more-menu";ge("ybar-mod-navigation",(function(e){var t,n=e.getConfig(),o={dropdownWrapperClass:qn,isFuji2:null!==document.querySelector(".ybar-ytheme-fuji2")||null!==document.querySelector(".ybar-ytheme-crunch"),isTablet:null!==document.querySelector(".tablet")||"tablet"===n.device||matchMedia("(hover: none)").matches,longListClass:Bn,moreMenuDropdown:document.querySelector("".concat(Qn," ul")),moreMenuNavItem:document.querySelector(Qn),moreMenuNavLinksSelector:"".concat(Qn," ul a"),moreMenuMainFocusItem:document.querySelector("".concat(Qn," > button")),moreMenuNavItemClass:Fn,navigationDropdownItemClass:Pn,navigationDropdownListClass:Rn,navItems:document.querySelectorAll("ul.".concat(jn," li.").concat(Hn)),topLevelNavLinks:document.querySelectorAll("li.".concat(Hn," > a")),navLinks:document.querySelectorAll(".ybar-mod-navigation a"),navList:document.querySelector(".ybar-mod-navigation ul"),shiftMoreMenuEnabled:document.querySelector(".ybar-shift-more-menu"),ybarNav:document.getElementById("ybar-navigation"),ybarNavigationItemClass:Hn,dropdownOpenClass:Tn,hasNavPlacement:document.getElementById("ybar-nav-placement"),marginOffset:function(e){var t=window.getComputedStyle(e),o=parseInt(t.marginLeft,10)+parseInt(t.marginRight,10);return"sports"===n.property?parseInt(t.marginRight):"finance"===n.property&&"crunch"===n.ytheme?(o-=1.8)>5?o:5:"crunch"===n.ytheme?o:0},navigationPlacement:function(){return t||(t=document.getElementById("ybar-nav-placement")),t},isNavHidden:function(){var e=!1;return"finance"===n.property&&"crunch"===n.ytheme&&document.documentElement.clientWidth=5||n.initialized?clearInterval(r):(void 0!==n.isNotificationsSupported()&&n.init(),i++)}),100)}return e.prototype.show=function(e){var t;this.initialized&&(this.historyEnabled&&!e||(document.body.classList.add(ao),null===(t=this.a11yMenu)||void 0===t||t.setAttribute("aria-expanded","true"),this.lastSeen=(new Date).getTime()))},e.prototype.hide=function(){var e;this.initialized&&(this.historyEnabled&&document.body.classList.remove(so),document.body.classList.remove(ao),null===(e=this.a11yMenu)||void 0===e||e.setAttribute("aria-expanded","false"))},Object.defineProperty(e.prototype,"lastSeen",{get:function(){return this.state.lastSeen},set:function(e){this.state.lastSeen=e,this.setLocalStorage()},enumerable:!1,configurable:!0}),Object.defineProperty(e.prototype,"manuallyClosed",{get:function(){return this.state.manuallyClosed},set:function(e){this.state.manuallyClosed=!!e,this.setLocalStorage()},enumerable:!1,configurable:!0}),e.prototype.init=function(){this.isNotificationsSupported()&&this.isNotificationPermissionDefault()&&(this.historyEnabled||document.body.classList.add(so),this.addEventListeners(),this.initialized=!0,this.hasSeenTooltipIn(this.manuallyClosed?6048e5:ro)||(document.body.classList.add(so),this.show(!0)))},e.prototype.addEventListeners=function(){var e=this;this.ybar.addElementListener(this.container.getElementsByClassName(co)[0],"click",(function(){e.hide(),e.manuallyClosed=!0}))},e.prototype.isNotificationsSupported=function(){var e;return null===(e=null===window||void 0===window?void 0:window.subscriptionHelperInstance)||void 0===e?void 0:e.checkIsSupportedBrowser()},e.prototype.isNotificationPermissionDefault=function(){var e;return"default"===(null===(e=window.Notification)||void 0===e?void 0:e.permission)},e.prototype.hasSeenTooltipIn=function(e){if(!this.lastSeen)return!1;var t=new Date(this.lastSeen),n=new Date;return t.getTime()+e>n.getTime()},e.prototype.setLocalStorage=function(){var e;null===(e=window.localStorage)||void 0===e||e.setItem(io,JSON.stringify(this.state))},e.prototype.getLocalStorage=function(){var e,t,n=null===(e=window.localStorage)||void 0===e?void 0:e.getItem(io);if(null===n)return null;try{return JSON.parse(n)}catch(e){return null===(t=window.localStorage)||void 0===t||t.removeItem(io),null}},e}(),po=-1,fo={0:0,1:1,9:9,99:99,150:150},mo=function(e,t){var n,o=t.isUH3,i=t.notifMenu,r=t.notifMenuOpener,a=t.notifDropdown,s=t.notifBadge,c=t.notifContainer,l=t.notifLabel;t.tooltipContainer&&(n=new uo(e,t.tooltipContainer));var u=W(),d=function(){i&&(i.checked=!1),null==a||a.classList.remove("ybarMenuOpen")},p=function(){var t;e.triggerEvent("close-all-menus"),!!document.querySelector(".display-push-promos .".concat(eo))||(u.resetBadge(),s&&(o?null===(t=s.parentElement)||void 0===t||t.classList.remove(to):s.style.display="none"))},f=function(e){var t,n;0===po&&(null===(t=null==e?void 0:e.css)||void 0===t?void 0:t.length)&&e.css.length>0&&(po++,function(e){for(var t=function(e){var t=document.createElement("link");t.rel="stylesheet",t.type="text/css",t.href=e,document.getElementsByTagName("head")[0].appendChild(t)},n=0;n0&&s)if(o){var r,a=(r=e.newCount)>99;s.textContent=a?"99+":r+"",null===(n=s.parentElement)||void 0===n||n.classList.add(to)}else s.style.display="block"},m=function(){u.refreshPanel().then(f).then(ne).catch((function(){}))};if(e.addEventListener("close-all-menus",(function(){ke(c)||d()})),c){m();var v=setInterval((function(){m()}),3e5);e.onDestroy((function(){clearInterval(v)})),o?l&&l.addEventListener("mouseenter",(function(){p(),null==n||n.show()})):c.addEventListener("mouseenter",(function(){p(),null==n||n.show()})),c.addEventListener("mouseleave",(function(){d(),null==n||n.hide()}))}e.addElementListener(i,"click",(function(){te("ybar","notification","",{elm:"btn",elmt:"block"===(null==s?void 0:s.style.display)?"newalert":"",subsec:"notification",itc:"1"})})),r&&Ae(e,r,"ybar","notification",{elm:"expand",subsec:"notifications",itc:"2"}),e.addElementListener(a,"focusin",(function(){i&&(i.checked=!0),null==a||a.classList.add("ybarMenuOpen")})),e.addElementListener(a,"focusout",d),e.addElementListener(t.tooltipContainer,"focusin",(function(){null==n||n.show()})),e.addElementListener(t.tooltipContainer,"focusout",(function(){null==n||n.hide()}));var h=e.getConfig().device,y=document.getElementById("ybar");y&&y.classList.contains("ybar-ytheme-crunch")&&(po=0);var b=new RegExp("[?&]notifications=1(&|#|$)");"desktop"===h&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(no)),notifLabel:document.querySelector(".".concat(oo))};t.notifDropdown&&mo(e,t)}))}()}};]]>ADVERTISEMENTRian Howlett , Karen Friar and Jake ConleyUpdated Thu, April 30, 2026 at 5:55 PM GMT+2 1 min readUS stocks were choppy on Thursday as investors assessed a fresh batch of key economic data and a strong slate of earnings reports, particularly Big Tech results that fueled optimism about the AI demand boom.The tech-heavy Nasdaq Composite (^IXIC) rose 0.2% after the index dipped in midmorning trading. The Dow Jones Industrial Average (^DJI) climbed 1.3%, or more than 500 points, while the S&P 500 (^GSPC) put on about 0.4% following a lackluster Wednesday for Wall Street stocks.In early morning trade, oil prices reached their highest level since 2022 on an Axios report that President Trump is looking at fresh military options against Iran. Brent (BZ=F) crude June futures rose to $110 a barrel amid concerns of an escalation in hostilities.A round of quarterly results from four tech megacaps on Wednesday showed AI spending isn’t slowing, with a combined outlook for an eye-popping $725 billion this year. Alphabet’s (GOOG) stock rose after an earnings beat, while Amazon (AMZN), Meta (META), and Microsoft (MSFT) shares fell. Next up, Apple is scheduled to report after the market closes.Meanwhile, PCE data on Thursday showed headline price inflation rose 0.7% in March and 3.5% year over year, while “core” readings showed growth of 0.3% and 3.2% , respectively. On the labor front, Americans filed 189,000 initial jobless claims in the week ended April 25, versus last week’s 215,000 and economists’ expectations of 212,000.The Federal Reserve kept interest rates unchanged on Wednesday. Across the pond, the European Central Bank and Bank of England also voted to keep rates steady on Thursday.LIVE 12 updates20 mins agoJake ConleyBusiness investment contributes more to Q1 GDP growth than consumer spendingProving that the US economy really is the AI economy now, business investments contributed more to the first quarter’s 2% GDP growth than consumer spending, the traditional driver of economic power.Consumer spending typically makes up roughly two-thirds of US economic activity. In the first quarter, consumer spending contributed 1.08 percentage points of growth. Business investment, however, contributed a larger 1.48 percentage points as the boom in artificial intelligence spending has lit a fire under the US economy.On Wednesday, first quarter earnings reports from Meta (META), Microsoft (MSFT), Alphabet (GOOG), and Amazon (AMZN) upped capital expenditures projections further for four of the “Magnificent Seven” tech leaders. Going into the quarter, the high end of estimates put the group's AI spending at around $670 billion this year. As of Wednesday night’s reports, that number is closer to $725 billion.Rounding out contributions to GDP growth were 0.73 percentage points from government spending and investment and a 1.3 percentage-point loss from exports of goods and services.Today at 2:54 PM UTCInes FerréNvidia stock falls 4% after Big Tech earningsNvidia (NVDA) stock slipped as much as 4.5% on Thursday, creating a mixed picture for the semiconductor space.The move comes after megacap hyperscalers reported earnings on Wednesday, upping their capex for data center infrastructure to $725 billion this year.Nasdaq 100 at 10:42 a.m ETHowever, some of the Big Tech players are getting punished for that additional spend, with social media company Meta (META) and software and cloud giant Microsoft (MSFT) both falling 5% and 9%, respectively.Investors may also be weighing rising competition against Nvidia, which has dominated the AI infrastructure space.Amazon (AMZN) noted its internal chip business is booming, while Alphabet's (GOOG, GOOGL) said it plans to sell its custom Tensor Processing Units (TPUs) to select customers.Today at 2:18 PM UTCJake ConleyUS GDP grew 2% in first quarter, accelerating after lackluster fourth quarter growthThe US economy grew 2% in the first quarter, according to real GDP data from the Bureau of Economic Analysis, showing that the strength of the AI boom and other growth stories have kept the economy largely on track.Economists had been expecting growth of 2.3% in real GDP for the quarter. Even so, the first quarter’s 2% growth marks a strong turnaround from fourth quarter growth stymied by the longest shutdown of the federal government on record.Personal consumption, responsible for roughly two-thirds of US economic activity, grew by 1.6% on the quarter, slightly underperforming the fourth quarter’s 1.9% growth but exceeding estimates of 1.4%.Corporate investments in equipment — which includes information processing and industrial equipment — were especially strong in the first quarter, according to BEA data, rising 0.9% on the back of a boom in AI infrastructure development.Today at 1:46 PM UTCJared BlikreSome 'Magnificent 7' stocks are hitting record highs again after earningsWith the bulk of “Magnificent Seven” earnings in the rearview mirror, parts of the group are right back at the highs.Alphabet (GOOG, GOOGL) and Amazon (AMZN) are both back at intraday records, a sign that investors are still rewarding the biggest platforms when results and AI positioning hold up.Here are this morning’s intraday record highs:Indices: Nasdaq 100 (^NDX)Dow Jones Sectors/Industries: General Retailers, Commercial Vehicles/Trucks, Heavy Construction, Marine Transportation, Internet Services, RetailersIndustry/Style/Country ETFs: Oil Refiners (CRAK), Taiwan (EWT), Value (VLUE)Consumer discretionary stocks: Amazon (AMZN)Financial stocks: Central BanCo (CRC)Industrial stocks: Caterpillar (CAT), Kirby (KEX), Powell Industries (POWL), Quanta Services (PWR), Trane (TT)Energy stocks: TechnipFMC (FTI)Tech stocks: Alphabet (GOOG, GOOGL), Intel (INTC), Micron (MU), Silicon Motion (SIMO), Sandisk (SNDK)Today at 1:45 PM UTCJake ConleyUS stocks rise at the opening bellUS stocks rose on Thursday after a slew of Big Tech earnings reports on Wednesday buoyed optimism for the AI trade and oil prices pulled back as futures contracts rolled forward.The tech-heavy Nasdaq Composite (^IXIC) gained 0.2% following a lackluster Wednesday for Wall Street stocks and a slate of “Magnificent Seven” earnings. The Dow Jones Industrial Average (^DJI) climbed roughly 0.5%, while the S&P 500 (^GSPC) gained 0.2%.Oil prices overnight reached their highest price since 2022, as Brent (BZ=F) crude June futures surged 7% to top $126 a barrel after Axios reported President Trump is considering further military action in Iran.Apple is scheduled to report after the market closes, following reports from Alphabet (GOOG), Amazon (AMZN), Microsoft (MSFT), and Meta (META) on Wednesday.PCE data released Thursday morning showed inflation holding above target. On the labor front, Americans filed 189,000 initial jobless claims in the week ended April 25, coming in below last week’s 215,000 claims.Today at 1:20 PM UTCJared BlikreAmazon’s $364 billion backlog is the bull case for its AI spending boomAmazon’s AI spending problem may have a demand answer.The company’s cloud backlog — future business Amazon has already contracted but has not yet turned into revenue — jumped to $364 billion in the first quarter, CEO Andy Jassy said on the company’s earnings call.And that figure doesn’t include Amazon’s recently announced Anthropic deal for more than $100 billion.Amazon's cloud backlog is exploding — contracted cloud demand is suring as Amazon ramps up spendingThat’s the key counterpoint to the cash-flow pressure that showed up in Amazon’s first quarter results. The company is spending heavily on data centers, chips, servers, and other infrastructure before it can collect the revenue from that capacity.Jassy made that timing gap explicit on the earnings call, saying AWS has to lay out cash for “land, power, buildings, chips, servers, and networking gear” before it can monetize that spending. “Typically six to 24 months before we start [billing] customers,” he said.But he also pushed back on the idea that Amazon is building without visibility.The $364 billion backlog — reported by Amazon as a “remaining performance obligations” — excludes the recently announced Anthropic deal for more than $100 billion, Jassy said, adding that there is “reasonable breadth” in the backlog and that it is “not just one customer or two customers.”That makes backlog the number to watch after Amazon’s earnings. If those contracts turn into revenue fast enough, the AI spending boom looks like a growth investment. If they don’t, investors are left staring at the cash drain.Today at 12:58 PM UTCJake ConleyECB and Bank of England keep interest rates unchanged, citing war in Middle East as key economic riskThe European Central Bank and the Bank of England voted to keep their target interest rates steady this morning, citing the war in Iran as a key economic stressor.The ECB voted to keep the interest rates on the deposit facility, main refinancing operations, and the marginal lending facility unchanged at 2%, 2.15%, and 2.40%, respectively.In a statement published alongside the ECB decision, the Governing Council said the Middle East conflict, which has stymied the global energy system, “led to a sharp increase in energy prices, pushing up inflation and weighing on economic sentiment.”The Governing Council added, echoing Federal Reserve Chair Jerome Powell in his press conference yesterday, “The longer the war continues, and the longer energy prices remain high, the stronger is the likely impact on broader inflation and the economy.”In the UK, the Bank of England’s Monetary Policy Committee voted to maintain the bank rate at 3.75% as policymakers attempt to steer the economy back toward 2% inflation.“The impact on the economy and inflation will depend on how much energy prices go up and how long they stay raised,” the Monetary Policy Committee wrote in a statement released alongside the decision.“Monetary policy cannot affect global energy prices; our job is to make sure that higher inflation does not persist and have long-lasting effects on the economy.”Today at 12:38 PM UTCJake ConleyInitial jobless claims fall to 189,000 in a sign labor market is holding upInitial jobless claims fell to 189,000 in the week ended April 25, according to data released by the Department of Labor on Thursday, coming in below the previous week's revised tally of 215,000 claims.Economists had expected initial claims to be significantly higher at 212,000 for the week, according to consensus estimates compiled by Bloomberg.Continuing claims, which track the unemployed population still seeking work, also fell to 1.76 million in the week ended April 18 compared to the previous week’s revised count of roughly 1.81 million continuing claims.Economists had been looking for an increase in continuing claims, estimating roughly 1.82 million.Today at 12:33 PM UTCJake ConleyFed's preferred measure of inflation gains 0.7% in March, matching expectationsPrices rose by 0.7% in March over the previous month, according to Personal Consumption Expenditures (PCE) index data released Thursday by the Bureau of Economic Analysis.The growth was in line with economists' expectations of 0.7%, according to Bloomberg's consensus estimates, nearly doubling February’s 0.4% increase."Core" PCE, which excludes the more volatile food and energy categories, rose 0.3% on the month. The print is in line with economists’ expectations for the Federal Reserve's preferred inflation measure and slightly below February’s 0.4% gain.On an annual basis, the headline and core PCE price indexes rose 3.5% and 3.2%, respectively, in March from the previous year, in line with expectations on both measures.Meanwhile, personal income rose by 0.6% in March on a monthly basis, coming in sharply above the previous month's 0.1% decline and doubling economist expectations of 0.3% growth.Personal spending increased 0.9% from last month, coming in equal to expectations and above the previous month's revised growth of 0.6%.Today at 12:27 PM UTCInes FerréSemiconductor stocks rise on Big Tech earnings, Qualcomm beatSemiconductor stocks rose on Thursday. Qualcomm (QCOM) surged 9% in premarket trading, while peers Broadcom (AVGO), Intel (INTC), and AMD (AMD) climbed higher as well.Big Tech earnings from companies like Meta Platforms (META) and Microsoft (MSFT) showed hyperscalers plan to grow their capital expenditures on artificial intelligence infrastructure.Wall Street sees the makers of the central processing units (CPUs) needed for agentic AI, such as Intel and AMD, as beneficiaries of the trade. The cost of memory and data storage has also benefited players like Sandisk (SNDK), Western Digital (WDC), and Seagate (STX), which rallied premarket following Seagate’s strong results.Meanwhile, Qualcomm’s better-than-expected first quarter results also lifted the broader chip sector. The maker of smartphone processors said it sees the market for Chinese phones bottoming in the current quarter, a positive sign for the company. It also said it expects to ship custom silicon to an unnamed hyperscaler later this year.Read more here.Today at 7:05 AM UTCRian HowlettOil hits wartime high as Trump prepares for potential military escalation in IranBloomberg reports:Brent (BZ=F) oil rallied to a wartime high after Axios reported that US President Donald Trump is set to receive a briefing on new military options for action in Iran, signaling the potential for fresh escalation in the Middle East.The global benchmark surged as much as 7.1% to eclipse $126 a barrel and hit the highest intraday level in four years, while West Texas Intermediate (CL=F) jumped above $110. The head of US Central Command Admiral Brad Cooper will brief Trump on Thursday, signaling a resumption of combat operations are seriously under consideration, Axios said, citing two unnamed people.A ceasefire has held since early April but recent efforts to get negotiators from the two sides to meet have so far failed, with the US and Iran both maintaining their blockade of the the vital Strait of Hormuz. Central Command has asked for hypersonic missiles to be sent to the Middle East, which would mark the first time the American army has deployed those weapons.The Strait of Hormuz has been effectively closed since the war started at the end of February, choking off flows of crude, natural gas and oil products, and driving up energy prices. On Tuesday, Trump discussed steps the US could take to prolong its blockade while minimizing the impact on American consumers at a meeting with oil and trading executives, the White House said.Read more here.Today at 5:18 AM UTCRian HowlettAsia's AI sector is holding up markets as the Iran-US war brings other industries downBloomberg reports:Asia’s artificial intelligence-fueled rally is masking signs of strain, with gains in tech names overshadowing the impact of the US-Iran war on the broader market.A rotation back into AI has propelled the region’s tech gauge almost 10% higher since the Middle East conflict began, taking it to an all-time high this week. In contrast, most other sectors remain under pressure, with consumer discretionary down nearly 11%.The divergence underscores persistent concerns over higher energy costs for Asia’s oil-importing economies and their impact on household spending and corporate profits. Strategists say the gap is likely to widen amid uncertainty over the Strait of Hormuz reopening, even as Asia’s stock benchmark rebounds toward record highs.“This is a one-engine market in two worlds — tech is carrying returns in a vacuum while the rest of Asia’s real economy absorbs a war-driven shock,” said Hebe Chen, senior market analyst at Vantage Global Prime. “Info-tech’s resilience is less a vote of confidence than a process of elimination, as most sectors are directly exposed to higher energy costs and slowing demand.”Read more here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info