The industrial powerhouse continues to cash in on the AI boom.
Category: Business
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Xbox has “work to do” as console sales drop 33% in Q3
Microsoft said gaming revenue fell by $380 million in the quarter.
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The number of people using Meta apps just fell for the first time in seven years
The company shed 20 million “daily active people” across its app family in the first quarter.
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Google’s business did great — its investments in other businesses did even better
The company racked up an eye-popping $36.9 billion of investment gains during the quarter, largely from its stakes in private companies like Anthropic and SpaceX.
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Equinix drops after Q1 results disappoint and boost to full-year sales guidance falls short of expectations
The data center REIT was an industry leader heading into its Q1 results.
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Hertz surges after announcing autonomous fleet partnership with Uber
The stock was up more than 20% in premarket trading.
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Blue Owl jumps after posting better than expected Q1 fee-related earnings
The asset manager that’s the barometer of private credit angst just released quarterly results.
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A tale of two capex increases: Why investors are responding to Google and Meta so differently
Two big tech companies posted stellar earnings and upped their capex forecasts. One stock is up, one is down.
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US national average gas price has jumped to $4.30, according to AAA, the highest level since July 2022
Meanwhile, gas prices in California just topped $6 a gallon.
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Lilly beats Q1 estimates and raises full-year guidance
The company reported earnings results before the bell on Thursday.
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Brent crude futures break through $126 per barrel as fears of a prolonged supply crunch intensify
Axios reported late on Wednesday that the CENTCOM will brief a plan for a “short and powerful” wave of strikes on Iran, in hopes to move the negotiation forward.
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Analyst: US could see $5 gas by Memorial Day, $6 per gallon on the table
Gas could hit $5 per gallon by Memorial Day, $6 by later in the summer: ‘Nothing’s impossible at this point’