Berkshire Reports Drop in Profits but Formidable Cash Stockpile
The company’s first-quarter earnings were released before its annual investor meeting in Omaha.
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.
Posted inArtificial Intelligence Cloud Computing Company Reports Computers and the Internet Data Centers Google Inc Jassy, Andrew R Meta Platforms Inc Microsoft Corp Nadella, Satya NVIDIA Corporation
In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
The spending that the industry’s giants expect artificial intelligence to require is starting to come into focus — and it is jarringly large.
Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.