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Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it
Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying offTech - ABC News - October 30 -
MicroStrategy, the largest corporate bitcoin holder, to raise more than $40 billion to buy more bitcoin
The plan is to use the additional capital ‘to buy more bitcoin as a treasury reserve asset,’ the company says.Business - MarketWatch - October 31 -
Lebanon's Military Can Barely Fight---Even After $3 Billion From the U.S.
The country’s armed forces are ill-equipped to secure its borders and push aside Hezbollah, the Iran-backed militant group that is now battling Israel.World - The Wall Street Journal - October 31 -
Oil giant Shell posts $6 billion profit beat, launches new share buyback program
British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.Business - CNBC - October 31 -
Political Division and Incivility Cost Companies $2 Billion a Day. Science Suggests Jiu Jitsu Persuasion Is the Answer
Want to have actually productive discussions at work? Research suggests jiu jitsu persuasion.Business - Inc. - October 31 -
Apple sales rise 6%, company seeing early iPhone 16 demand
Apple reported earnings after the bell. Here are the results.Business - CNBC - November 1 -
Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving
The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.Business - The Wall Street Journal - October 31 -
Apple sells $46 billion worth of iPhones over the summer as AI helps end slump
Apple snapped out of a recent iPhone sales slump during its summertime quarterTech - ABC News - October 31 -
Apple's services unit is now a $100 billion a year juggernaut after 'phenomenal' growth
Apple's services business has become a critical part of the company's appeal to Wall Street over the past decade.Business - CNBC - November 1 -
Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump
Putting artificial intelligence tech into its flagship product ensured the summer quarter had a positive turnaround.Business - Inc. - November 1 -
Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
The U.S. Air Force began deploying the Global Positioning System (GPS) nearly 50 years ago, critical infrastructure to both the military and economy.Business - CNBC - November 1