Technology Microsoft Touts AI as Cloud Demand Cools Kevin Colleran Jul 29, 2023 The company’s relationship with OpenAI has helped drive its generative AI business. Stay connected with us on… Read More...
Technology Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse Kevin Colleran Jul 29, 2023 The Facebook parent posted its highest quarterly sales growth in more than a year but also signaled that spending for… Read More...
Business American Airlines Raises Profit Outlook as Demand for Trips Abroad Heats Up Nick J Adam Jul 20, 2023 Company says demand accelerated in June, cites strength in international trips. Stay connected with us on social… Read More...
Business Lockheed Martin Projects Higher Sales as War Boosts Orders Nick J Adam Jul 19, 2023 The defense company raised its guidance as the war in Ukraine drives demand for missiles. Stay connected with us on… Read More...
Technology The AI Boom Isn’t Breaking the Memory-Chip Slump—Yet Kevin Colleran Jul 7, 2023 Samsung Electronics forecast a 96% drop in its operating profit for its second quarter—a sign that even the world’s… Read More...
Business Airbnb Shares Fall as Company Issues Mixed Outlook Nick J Adam May 10, 2023 The short-term rental company reported higher revenue and profit in the first quarter, but customers reserved… Read More...
Business Rivian’s Quarterly Loss Narrows as EV Startups Face Cash Crunch Nick J Adam May 10, 2023 The EV maker is standing by its production forecast of 50,000 vehicles this year, while Lucid and Fisker are dialing… Read More...
Business Warner Bros. Discovery Sees Streaming Profits Sooner Than Expected Nick J Adam May 6, 2023 Despite the success of its streaming business, the media company’s revenue fell in the first quarter. Stay… Read More...
Technology Apple Set to Report Weaker Sales for Second Straight Quarter Kevin Colleran May 4, 2023 Apple AAPL -0.65% is expected to report that… Read More...
Technology Uber’s Rides, Delivery Lift First-Quarter Results Kevin Colleran May 2, 2023 Continued demand for Uber Technologies ’ ride-share and delivery services boosted its revenue and adjusted… Read More...