Rio de Janeiro , Brazil – 4 May 2023; Amazon Web Services branding, during day three of Web Summit Rio 2023 at Riocentro in Rio de Janeiro, Brazil. (Photo By Eóin Noonan/Sportsfile for Web Summit Rio via Getty Images) Eóin Noonan | Sportsfile | Getty Images Amazon Web Services, the cloud computing unit of the … Read more
Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares jumped as much as 9% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite … Read more
President and Chief Executive Officer (CEO) of the AES Corporation Andres Gluski speaks during an interview with Reuters in Santiago, Chile June 4, 2019. Picture taken June 4, 2019. Rodrigo Garrido | Reuters The euphoria over nuclear energy as a power source for data centers is “overblown,” the CEO of a major power provider for … Read more
Roche Diabetes Care Inc. Accu-Chek brand glucose test strips are arranged for a photograph in the Brooklyn borough of New York, U.S., on Thursday, April 4, 2019. Alex Flynn | Bloomberg | Getty Images Roche, one of the world’s largest biotech companies, said “dangerous counterfeits” of its diabetes medical devices ended up for sale on … Read more
Club holdings Microsoft and Best Buy were the subject of upbeat Wall Street research, while TJX Companies hit an intraday high Friday on the same day it announced plans to enter a new international market. Here’s a closer look at the news and the implications for our investments. MSFT YTD mountain Microsoft (MSFT) year-to-date performance … Read more
Mark Bertolini has helped Oscar Health move toward profitability after taking over as CEO of the health insurer a year ago. Now, he says the company’s next phase of growth and profitability will focus on tapping into the employer market. That effort will include “going after the 71 million lives that are in small group … Read more
Apple’s new Vision Pro virtual reality headset is displayed during Apple’s Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Josh Edelson | Afp | Getty Images For years, Apple avoided using the acronym AI when talking about its products. Not anymore. The boom in generative artificial intelligence, … Read more
OpenAI CEO Sam Altman (L) speaks with Microsoft Chief Technology Officer and Executive VP of Artificial Intelligence Kevin Scott during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images The Federal Trade Commission and the Justice Department are set to open antitrust investigations … Read more
BENTONVILLE, Ark. — When Gil Curren’s family moved into a run-down farmhouse in Walmart’s hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn’t yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road in front of his home. Now, when the 88-year-old retiree looks outside … Read more
Lina Khan, chair of the Federal Trade Commission, speaks during the 2024 CNBC CEO Council Summit in Washington, D.C. on June 4, 2024. Shannon Finney | CNBC The Federal Trade Commission is preparing an antitrust lawsuit against the largest U.S. alcohol distributor, Southern Glazer’s Wine and Spirits, two sources familiar with the matter told CNBC. … Read more
