Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta has agreed to spend more than $10 billion on Google cloud services, according to two people familiar with the matter.The agreement spans six years, said the people, who asked not to be named because the terms are confidential. The deal was reported earlier by The Information.Google is aiming to land big cloud contracts as it chases larger rivals Amazon Web Services and Microsoft Azure in cloud infrastructure. Earlier this year Google…
Author: usaeverydaylife
Residential and commercial properties near the Shibuya district of Tokyo on May 4, 2023.Richard A. Brooks | Afp | Getty ImagesJapan’s core inflation rate cooled to 3.1% in July, coming down from 3.3% the month before as rice inflation continued to ease.The figure — which strips out costs for fresh food — was higher than the 3% expected by economists polled by Reuters.Headline inflation in the country also dropped to 3.1%, coming down from 3.3% in June and marking its lowest since November 2024.The so-called “core-core” inflation rate, which strips out prices of both fresh food and energy and is…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 slid for a fifth consecutive day, and what’s on the radar for the next session. Stellantis’ Jeep Bob Broderdorf, CEO of Stellantis ‘ Jeep brand, will be live in the 7 a.m. hour ET with CNBC’s auto reporter Phil LeBeau and Squawk Box ‘s Becky Quick, Joe Kernen and Andrew Ross Sorkin as the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyCME Group CEO Terry Duffy joins ‘Fast Money’ to talk its partnership with FanDuel to offer betting on financial markets.03:362 hours ago Source link
Walmart’s former U.S. CEO Bill Simon thinks Thursday’s stock drop is bizarre.The big-box retailer lifted its full-year sales and earnings forecast, but the stock still slid 4.5%. Walmart ended Thursday as the Dow’s biggest loser.”It was about as good of a quarter as any retailer could have in any environment,” he said on CNBC’s “Fast Money.” “I don’t get the decline in the market today at all.”Simon, who ran Walmart U.S. from 2010 to 2014, cites Walmart’s ability to engage shoppers with lower prices while absorbing tariffs as a key advantage.”If you liked them yesterday, I don’t know why you…
In 2025, Roborock launched a vacuum cleaner with a robotic arm for moving socks and other obstructions out of the way.Cfoto | Future Publishing | Getty ImagesBEIJING — Household robots for cleaning are about to quickly become an affordable reality.At least that’s what Quan Gang, president of Beijing-based robot vacuum cleaner company Roborock, has in mind as he strategizes for the next five years. The company ranks first among smart vacuums by global market share, according to IDC Research. Last week, it reported a nearly 79% revenue surge in the first half of this year. About half of sales came…
The final trades of the day with the Fast Money traders. Source link
The Supreme Court on Thursday allowed Trump administration broad cuts to National Institutes of Health grants as part of the federal government’s campaign against diversity, equity and inclusion policies.But in a mixed decision the court left in place a different part of the lower court judge’s ruling that threw out the administration’s guidance document that introduced the policy, raising questions about whether it can be applied moving forward.The justices, on a 5-4 vote, granted in part an emergency request filed by the administration seeking to put a Massachusetts-based federal judge’s ruling on hold.The court did not fully explain its reasoning, but the majority indicated…
Check out the companies making headlines after hours: Intuit — Shares dropped roughly 6% even after the financial technology company reported fiscal fourth-quarter results that topped Wall Street’s expectations. Intuit reported adjusted earnings of $2.75 per share on revenue of $3.83 billion. Analysts polled by LSEG had expected earnings per share of $2.66 on revenue of $3.75 billion. Workday — The stock slid nearly 6%. The human resources software company said it sees third-quarter subscription revenue coming in at $2.24 billion, in line with analysts’ expectations, per StreetAccount. Third-quarter adjusted operating margin is expected to be 28.0%, just slightly below…
CEO of Workday Carl M. Eschenbach and Ana Eschenbach attend the Allen and Company Sun Valley Media and Technology Conference at The Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2025.Brendan McDermid | ReutersWorkday reported an earnings beat on Thursday, but issued guidance that was inline with estimates and warned of pressure in some areas. The shares slipped in extended trading.Here’s how the company did relative to LSEG consensus:Earnings per share: $2.21 adjusted vs. $2.11 expectedRevenue: $2.35 billion vs. $2.34 billion expectedRevenue increased 13% from a year earlier in the fiscal second quarter, which ended on July 31,…
