Morgan Stanley Cuts Ceo Gorman S Pay to $315mn after Profits Drop
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Alibaba shares fall 7% after the Chinese tech giant posts 86% drop in profit
Alibaba posted a beat on revenue in its fiscal fourth quarter ended in March, but the Chinese e-commerce giant's net profit plunged.CNBC - Business -
It's no surprise to see Amazon shares lower after cloud CEO shakeup
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.CNBC - Business -
Alibaba’s stock slumps after another profit miss
Alibaba edged past revenue expectations for its latest quarter but fell short on profit, sending its stock lower in Tuesday’s premarket action.MarketWatch - Business -
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.CNBC - Business -
Plans to criminalise UK rough sleepers dropped after backlash
Measures would have seen homeless people prosecuted for ‘excessive smell’Financial Times - Business - United Kingdom -
WNBA 2024 roster tracker: A look at all 12 teams after final cuts; Kate Martin makes Aces' opening night squad
The 2024 WNBA season begins tonightCBS Sports - Sports - WNBA -
Commanders cut Jake Fromm
Jake Fromm was the odd man out in Washington's crowded quarterback room.Yahoo Sports - Sports - NFL -
Sony to Adopt Dual-CEO Structure for Videogame Unit
The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.The Wall Street Journal - Business -
On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday.NBC News - Top stories - Amazon -
Amazon’s AWS business is getting a new CEO, and the stock is dipping
Matt Garman, a sales and marketing leader for AWS, will succeed Adam Selipsky.MarketWatch - Business -
Amazon Web Services CEO Adam Selipsky to step down
The departure of Adam Selipsky, CEO of Amazon's cloud computing business, is the latest high-profile executive exit from the company led by Andy Jassy.CNBC - Business - Amazon -
Sony Names Two PlayStation CEOs, Says PS5 Growth Is Likely Over
The PS5 might be outselling its chief competitor, but it seems that its overall sales have slowed in recent months. In a recent financial report, Sony said that PS5 sales are down 29% year-over-year in the last fiscal quarter, and it further ...GameSpot - Tech - Playstation -
2024 NHL Playoffs bracket: Stanley Cup Playoffs schedule, scores, start times for Tuesday's Round 2 games
The second round of the Stanley Cup Playoffs has gotten off to a thrilling startCBS Sports - Sports - NHL -
Why no lead is safe, the Sam Bennett effect and other Round 2 lessons of the Stanley Cup playoffs
With half of the round complete, here's what we've learned about the remaining teams, and what it means for the conference finals and beyond.ESPN - Sports -
A.I.’s ‘Her’ Era Has Arrived
New chatbot technology can talk, laugh and sing like a human. What comes next is anyone’s guess.The New York Times - Tech -
A.I.’s ‘Her’ Era Has Arrived
New chatbot technology can talk, laugh and sing like a human. What comes next is anyone’s guess.The New York Times - Business -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
OPEC+ Potential Extension of Output Cuts Isn't Done Deal, Goldman Says
OPEC+ is expected to extend output cuts at its June meeting, but recent mixed messages from Russia and Iraq suggest no final decision has been made yet, Goldman Sachs said.The Wall Street Journal - World -
Welcome to the WNBA, you're cut: Draftees learn league reality fast
Shortly after it seems like a lifelong dream is coming true on WNBA Draft night, the lineup crunch begins and players learn not everything is guaranteed.Yahoo Sports - Sports -
U.S. to Stop Buying Russian Uranium, Cutting Cash to Moscow
A new law accelerates the weaning of U.S. electric utilities from using Russian enriched uranium to power America’s nuclear plants.The New York Times - Top stories - Russia -
Citi executive responsible for implementing thousands of job cuts quits
Titi Cole, one of the most senior Black women in finance, departs, while outgoing PwC US head Tim Ryan joins bankFinancial Times - Business -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - World -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - World -
Tencent profits soar on its online advertising boom
Chinese internet giant focuses on other high-margin businesses as its blockbuster online games ageFinancial Times - World -
Alibaba Quarterly Profit Sinks Despite Rise in Sales
Alibaba Group’s profit sank in the latest quarter, even as revenue rose on higher sales in its key e-commerce, cloud and logistics businesses.The Wall Street Journal - Business -
Tencent Profit Jumps as High-Margin Businesses Grow
Chinese technology giant Tencent reported a sharp rise in profit for the first quarter, buoyed by rapid growth in its high-margin businesses.The Wall Street Journal - Business -
RFK Jr.’s Running Mate, Nicole Shanahan, Ventures Onto the Stump
The Silicon Valley lawyer, chosen by Robert F. Kennedy Jr. as his running mate, made her first solo outing on the stump. She is to appear alongside him at a rally on Monday in Austin, Texas.The New York Times - Top stories -
Kylian Mbappé Is P.S.G.’s GOAT — but He Is Not Loved Like One
Nothing better summed up the French striker’s time at Paris St.-Germain than his final home game.The New York Times - Sports -
U.N.'s new breakdown of Gaza death toll sparks confusion and anger
Global health officials say the number of women and children killed in Gaza has not been revised down after new details published by the United Nations sparka an outcry.NBC News - Top stories -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - World -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - World - Entertainment -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
Foxconn Posts Profit Surge as It Bets on AI for Long-Term Growth
The world’s largest contract electronics manufacturer backed its upbeat outlook for the year after posting a surge in first-quarter profit.The Wall Street Journal - Business -
Sony Group Profit Jumps on Stronger Game, Movie Earnings
The Japanese entertainment and electronics company reported a fourth-quarter net profit beat.The Wall Street Journal - Business - Entertainment -
Indeed to layoff 1,000 employees, cutting about 8 percent of its US workforce
Hyams said unlike last year, when the cuts were driven by cost savings, the reasoning behind the current sweep of layoffs is "because we need to simplify our organization to make it easier and faster for us to make decisions, and help us to more ...The Hill - Politics