[Overnight global news you need to know on Thursday: Google's performance fell 10% after the market fell short of expectations; optical communications giant Marvell plans to acquire Lumentum; Vance sent a letter to Iran in an attempt to restart peace negotiations] global news 1. Google’s parent company Alphabet’s third-quarter revenue and profit fell short of expectations, showing that its huge investment in artificial intelligence has not yet generated enough returns to justify the expenditure. Google fell 10% after hours. 2. Microsoft’s Azure cloud business revenue increased by 48% in the first fiscal quarter and exceeded expectations, and overall revenue also increased by 19% to US$92.3 billion, which was higher than expected. Microsoft shares rose 6% after the bell. 3. Marvel Technology is reported to be in in-depth negotiations to acquire Lumentum, a manufacturer of data center optical components, and the transaction may be announced as soon as next week. Lumentum surged by more than 15% after the market closed, while Marvell Technology fell by more than 10%. 4. US Vice President Vance is reported to have written to Rezai, Secretary of Iran’s Supreme National Security Council, in an attempt to restart peace negotiations. 5. Kelei rose more than 3% after the market closed. The company’s first fiscal quarter revenue was US$4.14 billion, higher than the estimated US$4.04 billion. The company expects second-quarter revenue of $4.5 billion to $4.9 billion, compared with market estimates of $4.52 billion. 6. ServiceNow fell 15% after the market closed. The company’s third-quarter revenue was US$4.11 billion, higher than the estimated US$4.1 billion; adjusted earnings per share were US$1, lower than the expected US$1.03. 7. Ford Motor Co. fell 2% after hours. The company's total revenue in the third quarter was US$49.53 billion, a decrease of 1.9% year-on-year. Adjusted earnings per share were US$0.49, US$0.45 in the same period last year, and the estimate was US$0.41. 8. Oracle Chief Financial Officer Hilary Maxson said at the company's annual meeting on Wednesday that free cash flow will reach $30 billion in the fiscal year ending in May 2029. Investors had expected free cash flow to remain negative for the fiscal year. 9. Apple officially released a new generation of MacBook Pro, introducing touch functionality to the Mac product line for the first time and equipped with a new ProLED XDR display. The product line is divided into two chip versions: the M5 Pro version starts at $2,899 for the 14-inch version and $3,399 for the 16-inch version; the M5 Max version starts at $4,499 for the 14-inch version and $4,799 for the 16-inch version. 10. The Federal Reserve voted 10 to 2 to maintain the benchmark interest rate at a range of 3.75%-4%, in line with market consensus. Fed Governor Lisa Cook and Cleveland Fed President Hammack voted against the rate hike. Among them, Director Cook was previously regarded as a centrist. 11. Federal Reserve Chairman Warsh said that the schedule of the Federal Open Market Committee will change starting next fall. There will be a meeting in 2027 where there will be neither a rate vote nor a policy statement. There are two FOMC meetings expected in 2028 without interest rate votes. global market 1. The three major U.S. stock indexes collectively closed higher. The Nasdaq rose 0.27%, the Dow Jones Industrial Average rose 0.19%, and the S&P 500 Index rose 0.28%. AI cloud service companies strengthened, Oracle rose more than 10%, CoreWeave rose more than 7%, and NEBIUS rose more than 6%. The storage sector rose, with Hynix rising more than 13%, SanDisk rising more than 7%, and Micron Technology rising more than 5%. 2. International oil prices rose. WTI crude oil futures for December delivery rose by 2.9%, with a settlement price of US$102.78 per barrel; Brent crude oil futures for December delivery rose by 1.3%, with a settlement price of US$115.32 per barrel. 3. International gold prices rose slightly, with spot gold prices rising 0.17% to US$4,067.16 per ounce; spot silver prices falling by 0.83% to US$53.94 per ounce. 4. Livermore’s leading Chinese concept stock index closed up 0.01%. Among the constituent stocks, Huirong Technology rose 8.15%, Legend Biotech rose 4.71%, GDS rose 4.65%, ASE Investment Holdings rose 4.45%, and WeRide Zhixing rose 3.66%.