Oracle Corp. CEO Safra Catz raised the company's fiscal 2026 revenue forecast to at least $66 billion, exceeding analysts' expectations of $64.5 billion. The company's shares rose 6% in extended trading and are trading at a record high. The announcement was made at an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
BusinessOracle | Rating: 53 | 2024-09-12 10:30:33 PM |
Intel CEO Pat Gelsinger met with Commerce Secretary Gina Raimondo to discuss the company's struggles in the artificial intelligence market, where it has lost 60% of its value this year. Intel is building out fabs in the US and relies heavily on Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker. The meeting was followed by discussions with public market investors to reinforce Intel's efforts.
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AIIntel | Rating: 58 | 2024-09-12 09:20:28 PM |
Adobe reported third-quarter results that beat Wall Street expectations for sales and earnings, but its stock slid 10% in extended trading due to soft fourth-quarter revenue growth guidance. The company reported revenue of $5.41 billion and earnings per share of $4.65, beating estimates. For the fourth quarter, Adobe expects earnings per share between $4.63 and $4.68 on revenue of $5.5 billion to $5.55 billion, which is below analysts' expectations.
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BusinessAdobe | Rating: 53 | 2024-09-12 09:10:34 PM |
Amazon is increasing the average national pay for its contracted delivery drivers to around $22 an hour, up from $20.50 an hour, as part of its $2.1 billion investment in its delivery service partner program. The company's vice president of transportation, Beryl Tomay, stated that many delivery service partners are already paying above $22 an hour. The wage increase comes as Amazon faces a renewed unionization effort among its contracted delivery workers.
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BusinessAmazon | Rating: 51 | 2024-09-12 06:50:24 PM |
Utility companies are using artificial intelligence to protect power lines from fires and severe storms. Companies like Pano AI, Satelytics, and AIDash are using satellites to monitor trees and poles, identifying challenges and fixing them before they become issues. The US has 5.5 million miles of power lines on over 250 million poles, making it impossible for humans to monitor them all.
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AIPano | Rating: 62 | 2024-09-12 05:00:45 PM |
Grayscale announced the launch of a new trust that gives accredited investors direct exposure to Ripple's XRP token. The price of XRP jumped as much as 9% after the announcement, with the token last higher by more than 3% at 56 cents a coin. XRP is the native token of Ripple's XRP Ledger, which facilitates cross-border financial transactions.
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FinanceRipple | Rating: 53 | 2024-09-12 05:00:45 PM |
According to Deloitte U.S. risk & financial advisory principal Satish Lalchand, the rate of credit card fraud alerts is rising. In 2023, about 60% of credit card holders experienced some sort of attempted fraud, as reported by Experian.
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FinanceCredit | Rating: 61 | 2024-09-12 02:50:28 PM |
Ohio Sen. JD Vance, Republican vice presidential nominee, stated on CNBC's "Squawk Box" that he believes Apple benefits from "slave labor" in China. Apple raised its starting wage for retail employees to $22 an hour in May 2022. The company has denied finding any evidence of forced labor in its operations.
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PoliticsApple | Rating: 49 | 2024-09-12 01:40:45 PM |
Microsoft is cutting 650 roles at its Xbox gaming division, mostly in corporate and supporting functions. The layoffs are the third series to hit the unit since Microsoft's acquisition of Activision Blizzard for $69 billion. Phil Spencer, executive vice president at Microsoft, is involved in the decision. The layoffs will affect the US tech giant's video game unit.
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BusinessMicrosoft | Duplicated with: | Rating: 53 | 2024-09-12 01:20:36 PM |
Digital health company Noom announced it will offer a compounded GLP-1 drug as part of a new weight loss product starting at $149. The treatment features compounded semaglutide, the same active ingredient in Novo Nordisk's Wegovy and Ozempic. Noom's new product is the latest in a string of digital health companies to offer compounded versions of medications as a cheaper alternative for consumers.
Source: https://search.cnbc.com/rs/search/combinedcms/view.xml?partnerId=wrss01&id=19854910
HealthNoom | Rating: 51 | 2024-09-12 11:50:28 AM |
