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Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit
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Uber Swings to Loss Despite Rising Revenue
The ride-hailing company’s bottom line, which had at last turned positive last year, was hit by investments and legal settlements.The Wall Street Journal - Tech -
Microsoft to Invest Over $3 Billion to Build AI in Wisconsin
The company has been on a global spending spree, trying to build infrastructure and goodwill for artificial intelligence.The Wall Street Journal - Tech - Microsoft -
Meet Kevin’s A.I. Friends
They gave him notes on his outfits and reassurance before a big talk, and they shared made-up gossip about each other.The New York Times - Tech -
Protective Mama Bear Charges, Attacks Truck Head-On in Wild Video
Yahoo News - World -
Why are GameStop shares on the rise again?
The stock for video game retailer GameStop closed up 74% on Monday, harkening back to the buying frenzy in January 2021 fueled by traders on Reddit. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to ...CBS News - Top stories -
Are Floating Cities the Solution to Rising Seas?
Is living on the water our future? Floating developments, including a project in progress in South Korea, suggest that it’s more than a pipe dream.The New York Times - Lifestyle -
Life360 Could Give Ad Revenue Guidance in August
Location-tech developer Life360 could give second-half revenue guidance for its new advertising venture when it announces its next quarterly update in August, Chief Executive Chris Hulls said.The Wall Street Journal - Tech -
Amazon to Invest $9 Billion in Singapore Cloud Infrastructure
The tech giant will spend $9 billion to expand its cloud services in Singapore, coming as global tech companies are boosting their data-center footprints in Asia amid a boom in demand for artificial-intelligence computing.The Wall Street Journal - Tech - Amazon -
Jeremy Hunt bets on creating a $1tn ‘British Microsoft’
UK chancellor shrugs off flurry of overseas bids for UK companiesFinancial Times - Business - United Kingdom -
Nikkei Rises 0.5% Ahead of U.S. PPI Data
The Nikkei Stock Average rose 0.5% to close at 38356.06 in possible position adjustment ahead of U.S. PPI data due out today.The Wall Street Journal - World
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High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
How China Got So Dominant in Cars and Solar
Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere.The New York Times - Business - China -
Pursuit Makes the Case for Their Innovative Job Training Program
Pursuit, a nonprofit that trains low-income workers to become software engineers, is urging New York legislators to pass a new regulatory model for jobs programs.The New York Times - Business -
Elon Musk’s Diplomacy: Woo Right-Wing World Leaders. Then Benefit.
Mr. Musk has built a constellation of like-minded heads of state — including Argentina’s Javier Milei and India’s Narendra Modi — to push his own politics and expand his business empire.The New York Times - Business