Stocks

For twenty years, the single most reliable fact about Alphabet was that it printed cash and handed a large slice of it back. In 2025 it repurchased $45.7 billion of its own stock. In the first half of 2026 it repurchased zero — and instead sold $30.5 billion of common stock, $19.1 billion of mandatory

IonQ did not lose $1.9 billion last quarter. It earned record revenue, raised guidance, closed a $1.8 billion acquisition — and then booked a $1.6 billion non-cash charge because its own share price went up. That single accounting mechanic is the most misunderstood thing about IonQ (NYSE: IONQ) right now, and it explains why the