Market
The Week in Numbers: big tech spends big on AI, oil marches on
YahooMay 1, 2026
STORY: From big tech spending to Prada's boost from the Americas... This is the Week in Numbers.:: The Week in Numbers:: 63%63% was how much revenue at Google Cloud grew by in the first quarter, to $20 billion.Overall, Alphabet topped Wall Street estimates for quarterly revenue...as enterprise spending on AI delivered the best quarter of reported growth for its cloud unit yet.The Google parent company's total revenue rose 22% to $109.9 billion.:: $122 $122 was the price of Brent crude, jumping to a four-year high.It rose due to concerns the U.S.-Iran war could further escalate and disrupt global oil supply.Reuters energy editor Dmitry Zhdannikov:"The idea that somehow, somewhere, a consumer in the world will be insulated from the impact of this crisis is completely false. Everywhere in the world, in Asia, in Europe, even in the United States, which produces a lot of oil of its own, consumers will feel a massive impact." :: 6%6% was how much Meta shares fell by...That after it raised its annual capital spending forecast by $10 billion as it invests heavily in AI infrastructure.The Facebook-parent now projects capital expenditure between $125 billion and $145 billion this year.That's even as it grapples with possible losses from a global youth social media backlash.It also warned that legal and regulatory blowback in the EU and the U.S. could impact business.:: 14%14% was the unexpected fall in first-quarter operating profit at Volkswagen, to $2.9 billion.The group said it must overhaul its business...as tariffs, geopolitical shocks and weak car demand hit the auto industry.Around 50,000 jobs are already due to be cut across the group in Germany by 2030.:: $1.64 billion$1.64 billion was the first quarter group revenue at Prada, excluding Versace..It was driven by double-digit sales growth in the Americas, which offset weakness in Europe and the Middle East.Prada acquired Versace last year and is in the process of integrating and relaunching the brand.Versace contributed $167 million to quarterly revenues.
