Matt Garman, CEO of Amazon Web Services, speaks during The Wall Street Journal’s Tech Live conference in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | AFP | Getty ImagesAmazon said revenue in its cloud unit increased 19% in third quarter, just missing analyst estimates.Revenue at Amazon Web Services totaled $27.45 billion, according to a statement on Thursday, while Wall Street was expecting $27.52 billion, based on StreetAccount estimates. Year-over-year growth has accelerated for five consecutive quarters.AWS leads the cloud infrastructure market over Google and Microsoft and is an important source of profit for Amazon. On Tuesday Alphabet said…
Author: usaeverydaylife
The death of the long ball has been frequently pronounced as football has evolved in the past few years.Playing out from the back has become the standard. Direct teams are the anomaly rather than the norm.The logical tactical evolution after that was the rise of the high press, followed by attempts to deliberately lure the press to exploit spaces in behind those opposition players doing the pressing.During that time, teams have been playing shorter passes from the back. Goalkeepers are no longer habitually launching long balls as far up the pitch as they can. Instead, they play a key role…
Mike Cavanagh, President of Comcast Corporation, at the Allen & Company Sun Valley Conference on July 12, 2023 in Sun Valley, Idaho.David A. Grogan | CNBCComcast is thinking about separating or spinning off NBCUniversal’s cable networks. If it moves forward with the idea, it could lay the groundwork for a reconfiguration of the entire American media landscape.The logic for Comcast is fairly straightforward. NBCUniversal’s cable networks aren’t growing anymore. The company’s energy and focus is on promoting Peacock, NBCUniversal’s growing (but still money-losing) streaming service. Carving out the cable portfolio could placate Comcast investors by removing declining assets from the…
Investors have a close eye on the Nov. 5 presidential election, but Congressional contests deserve attention — as they could shape tax policy and the next steps investors take to prepare. “Whatever happens with the election next week, it’s still going to take time for some significant tax law to come through,” said Stephen Bigge, CPA and partner with Keebler & Associates in Green Bay, Wisconsin. Both candidates have shared ideas on their tax policy stances . Former President Donald Trump called for a reduction in corporate tax rates to as low as 15% from 21% and for a universal…
Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesIntel shares jumped 15% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations.Here’s how the company did in comparison with LSEG consensus:Earnings per share: Loss of 46 cents adjustedRevenue: $13.28 billion vs. $13.02 billion expectedIntel’s revenue declined 6% year over year in the quarter, which ended on Sept. 28, according to a statement. The company registered a net loss of $16.99 billion, or…
Dominika Zarzycka | Nurphoto | Getty ImagesAmazon’s online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts’ estimates of $14.3 billion.The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report on Thursday. Amazon’s overall third-quarter sales were $158.9 billion, ahead of analysts’ estimates of $157.2 billion.Amazon’s online advertising business is still a fraction of the company’s overall business, but it’s growing size over the years has made it a major competitor to Alphabet and Meta, which lead the digital advertising…
Eleven years and a lot of life had happened since the tailback and the fullback ran together. The old teammates didn’t socialize much even though both remained in the Chicago area.Matt Suhey, the fullback, traded soybean meal futures and owned a bottled water company. He left home for the Board of Trade every morning at 5:30, returned home to his family at 6:30 in the evening and didn’t have time for much else.Walter Payton was in perpetual motion — the tailback was always most comfortable that way. He traveled about four days a week for appearances, speeches and various business…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Crypto World’s MacKenzie Sigalos reports from Money 20/20 on the growing adoption of stablecoins, and Coinbase’s Faryar Shirzad explains why the company is committing money to the 2026 midterms. Source link
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022.Michael Wayland | CNBCDETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks.The automaker on Thursday confirmed the seven-week shutdown would occur at its Rouge Electric Vehicle Center in suburban Detroit from Nov. 18 until Jan. 6, including previously planned holiday downtime at the end of the year.”We continue to adjust production for an optimal mix of sales growth and profitability,”…
Apple reports fourth-quarter earnings after the bell Thursday. It’s the end of Apple’s fiscal year, and it’s the first quarter with sales from the September launch of the iPhone 16.Here’s what to expect, according to LSEG consensus estimates:Earnings per share: $1.60Revenue: $94.58 billionThe most critical item will be what Apple signals to investors about its December quarter, which is its largest seasonal sales period of the year. That will set the tone about the current iPhone sales cycle and whether it represents a chance for revenue growth driven by the launch of Apple Intelligence.Apple doesn’t provide official guidance, but it…
