Latest in AI demand drives growth and higher spending at Amazon’s cloud business
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AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - 5 hours ago -
Amazon beats Wall Street expectations with strong cloud business growth
Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast. Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on ...World - The Guardian - 5 hours ago -
Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.Business - The Wall Street Journal - 3 hours ago -
Amazon shares pop on earnings beat, cloud growth
The company's cloud and advertising units showed strong growth.Business - CNBC - 4 hours ago -
Google's Cloud Business Powers Accelerating Revenue Growth
Google reported a 15% jump in year-over-year revenue driven by strong results in its cloud-computing division, boosting the company’s fortunes during a costly push into artificial intelligence.Business - The Wall Street Journal - 2 days ago -
Amex sees strong discretionary spending, but stock retreats after solid 2024 run
The company says new member benefits are resonating with younger generations.Business - MarketWatch - October 18 -
Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns
Billionaire Trump backer has targeted swing states with contest ahead of presidential electionBusiness - Financial Times - October 24 -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - Yesterday -
Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – business live
Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets. Azerbaijan, the host of the Cop29 global climate summit , will see a large expansion of fossil ...World - The Guardian - October 23 -
Apple looks strong on AI; Amazon rules the cloud. Earnings will show how much.
Expect positive surprises from these two “Magnificent Seven” standouts.Business - MarketWatch - 9 hours ago -
Apple, Meta and Amazon must show the stock market that AI spending is paying off
Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.Business - MarketWatch - Yesterday -
Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.Business - CNBC - October 24 -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - Yesterday -
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Xbox Cloud Gaming Is Planning For Direct-To-Cloud Controllers And Higher-Quality Streams - Report
Microsoft launched Xbox Cloud Gaming in 2020 with great fanfare, but the company's stated goal to push cloud gaming even further has run into some technological setbacks as well as ongoing ...Tech - GameSpot - October 18 -
Amazon's cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.Business - CNBC - 3 hours ago -
Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
We're reiterating our 1 rating and raising our price target to $240 price target from $220.Business - CNBC - 2 hours ago -
Messi Mania helps drive record growth for MLS
Major League Soccer is hitting record attendance marks and mounting sponsorship revenueSports - ABC News - October 22 -
The Powerful Companies Driving Local Drugstores Out of Business
The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.Business - The New York Times - October 19 -
U.K. Budget Makes a Big Bet on Spending for Growth
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.Business - The New York Times - 8 hours ago -
Amazon's advertising business grew 19% in the third quarter
Amazon's online advertising business jumped 19% year over year to $14.3 billion in the third quarter.Business - CNBC - 5 hours ago -
Coca-Cola tops earnings estimates, as higher prices offset sluggish demand
Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.Business - CNBC - October 23 -
Mortgage demand stalls as interest rates surge higher ahead of election
Total mortgage application volume was essentially flat, falling 0.1% compared with the previous week.Business - CNBC - Yesterday -
Microsoft Cloud revenue rises on AI boom but softer outlook weighs on shares
Warnings of slowing Azure growth and rising data centre costs damp initial optimism on tech giant’s quarterly earningsBusiness - Financial Times - 12 hours ago -
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue
The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.Business - The Wall Street Journal - 16 hours ago -
Meta and Microsoft Won’t Stop Spending on AI
Both tech giants reported strong third quarters but their stocks fell anyway.Business - Inc. - 12 hours ago -
Amazon's satellite spending has investors on edge. The payoff may be worth the wait
Amazon is pouring money into satellite internet service Project Kuiper. Investors have questions on what it means for profits.Business - CNBC - 3 days ago -
Investors’ ‘fear of missing out’ drives gold demand to record high
Buyers clamour for gold-backed ETFs as central banks scale back purchases of the precious metalBusiness - Financial Times - Yesterday -
The indoor plant market is in full bloom. Here’s what’s driving that growth
House plants have been welcomed into homes for centuries, but in recent years, a botanical renaissance has bloomed. The global indoor plants market was valued at just under $20 billion last year, ...Top stories - CBS News - October 19 -
India’s start-ups look to villages to drive next leg of growth
Indian start-ups are shifting their focus to rural consumers, hoping to tap into a new wave of growth.Top stories - BBC News - October 21 -
Google turns to nuclear energy for AI electricity demand
Google announced a deal with energy startup Kairos Power to supply its data centers with electricity from seven small modular nuclear reactors, which still need to be built. A recent study found ...Top stories - CBS News - October 15 -
AI Power Needs Fuel Demand for Nuclear Energy
Electricity providers are looking at revamping nuclear power generation as Big Tech energy needs increase.Business - Inc. - October 17 -
Reddit’s results are on deck. Analysts expect ad strength and growth in online spending.
Reddit reports its third quarterly results as a public company after market close on Tuesday amid expectations of ad strength and healthy online spending growth.Business - MarketWatch - 3 days ago -
Amazon cloud boss says employees unhappy with 5-day office mandate can leave
Amazon's cloud boss on Thursday told employees who are unhappy with the company's new five-day in-office mandate they can leave for other companies.Business - CNBC - October 18 -
L’Oréal sales disappoint due to weak Chinese demand
Revenue at world’s biggest beauty company grew 3.4 per cent in third quarter, when analysts expected 6 per centBusiness - Financial Times - October 22
