Google

Guge

谷歌

、

Meta (social media company)

Meta

Meta

and others

deng

等

large / major

daxing

大型

technology

keji

科技

companies

gongsi

公司

today

jintian

今天

to announce / to release

gongbu

公布

quarterly

jidu

季度

earnings / results

yeji

业绩

。

New Words

News in English

Alphabet Meta and Tech Giants Release First-Quarter Earnings Today With AI Returns in Focus

Alphabet and Meta are scheduled to release first-quarter 2026 earnings today after market close, with markets focused on whether the massive investments in AI infrastructure are delivering corresponding returns.

New Zealand's Reserve Bank maintained official interest rates at 5.50% amid mixed economic signals. The central bank balanced inflation concerns against signs of economic slowdown and weakening employment.

Inflation remained above the 1-3% target band despite previous rate increases, driven by persistent supply-side pressures and wage growth. Housing market showed significant cooling as higher mortgage rates reduced property demand and prices declined.

Consumer spending contracted in recent quarters as households reduced discretionary purchases amid cost-of-living pressures. The Reserve Bank signaled potential rate cuts in coming months if inflation trends continued downward as projected.

Export sectors benefited from strong commodity prices, particularly dairy and agricultural products. The central bank emphasized data-dependent approach to future policy decisions rather than committing to specific rate paths.

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