Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon signs deals to build, invest in small modular nuclear reactors

Amazon announced a series of deals Wednesday aimed at building out small modular nuclear reactors, becoming the latest major technology company to invest in nuclear energy as Big Tech contends with ...

Politics - The Hill - October 16

U.S. to Curb AI Investment in China Soon

Some technologies and financial commitments will be blocked, based on President Biden’s 2023 executive order to keep American expertise from helping the Chinese military.

Business - Inc. - October 22

Reeves signals hike in National Insurance for firms

The chancellor was speaking at the government's International Investment Summit, where deals worth £63bn were hailed.

Lithium Americas Says GM Boosts Investment in Lithium Project

Canada’s Lithium Americas said General Motors will boost investment in the miner’s Thacker Pass project, which produces the critical ingredient for electric-vehicle batteries.

Business - The Wall Street Journal - October 16

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss

The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.

Business - Inc. - October 23

Amazon shares pop on earnings beat, cloud growth

The company's cloud and advertising units showed strong growth.

Business - CNBC - 7 hours ago

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 - 6 hours ago

Goldman profits jump 45% to $3bn after trading boost

Net income outstrips expectations despite hit from retail banking retreat

Business - Financial Times - October 15

PayPal beat big on a profit metric, but here’s why its stock is falling

PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”

Business - MarketWatch - 2 days ago

Charles Schwab is profiting from customers who want professional help with investing

The brokerage said it is seeing increased inflows into its wealth-management offerings.

Business - MarketWatch - October 15

Deutsche Bank's Investment Bank Performance, Provision Releases Lift Profit

Deutsche Bank reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its ...

Business - The Wall Street Journal - October 23

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft has invested over $13 billion in OpenAI, a bet that's weighing on the company's profitability.

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 earnings

Business - Financial Times - 16 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 - 20 hours ago

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.