Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. Shares dropped more than 2% on Friday despite the warehouse retailer’s after-the-bell quarterly beats on earnings and revenue. The stock closed Thursday’s regular session at a record high of … Read more
Costco Wholesale ‘s third-quarter earnings topped Wall Street expectations on Thursday, driven by higher sales and lower-than-expected operating expenses. Even with a recent C-Suite transition, Costco delivered a business-as-usual quarter, as members flocked to its warehouses in search of quality merchandise at value prices. Total revenue in its fiscal 2024 third quarter increased 9.1% year … Read more
Best Buy CEO Corie Barry told CNBC’s Jim Cramer the electronics retailer is getting ready to sell a slew of new artificial intelligence-enabled personal computers. “We are, as you can imagine, arming ourselves on every angle to be the single best place to come experience this,” Barry said. “So, you’re going to see physical demos of … Read more
Twitch on Friday will terminate all members of its Safety Advisory Council, according to sources familiar with the situation and documents viewed by CNBC. The council is a resource of nine industry experts, streamers and moderators who consulted on trust and safety issues related to children on Twitch, nudity, banned users and more. The Amazon-owned … Read more
An Amazon delivery drone is on display at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022. Joseph Prezioso | AFP | Getty Images Amazon said Thursday it has received federal approval to fly its delivery drones longer distances without the need for ground spotters, clearing a key regulatory hurdle and opening … Read more
Salesforce shares sank more than 16% Wednesday after reporting mixed earnings and revised guidance lower. The cloud software company is a high-quality stock in a rough neighborhood — at least for the near term. Revenue increased 11% year over year to $9.13 billion in the three months ended April 30, missing the $9.18 billion expected … Read more
An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program. The e-commerce giant previously gave Prime members a yearlong subscription … Read more
Anadolu | Anadolu | Getty Images Jan Leike, one of the lead safety researchers at OpenAI who resigned from the artificial intelligence company earlier this month, said on Tuesday that he’s joined rival AI startup Anthropic. Leike announced his resignation from OpenAI on May 15, days before the company dissolved the superalignment group that he … Read more
CFOTO | Future Publishing | Getty Images Nvidia last week announced a 10-for-1 stock split which will bring its share price from over $1,000 to a more affordable level for retail investors and company insiders alike. Nvidia joins a number of companies that have recently announced sizable stock splits, including Walmart earlier this year and … Read more
In photo at left, Megh McLaughlin, center, with co-workers at a performance of Beyonce’s Renaissance tour. In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift’s Eras tour. Courtesy: Megh McLaughlin, left photo. Isabelle Breakiron, right photo At professional services firm KPMG, managing director Rob Breakiron feels more popular … Read more
