German tech giant SAP on Tuesday upgraded its financial outlook for the full year as artificial cloud computing and artificial intelligence operations fueled growth.Europe’s largest software maker now expects operating profit on a constant currency basis in 2025 to be between 10.3 billion euros ($10.7 billion) to 10.6 billion euros, up from a previous target of 10.2 billion euros. The firm also expects an acceleration in cloud revenue growth.Adjusted operating profit rose 25% to 8.15 billion euros in 2024, above the 22% increase flagged in a company-compiled analyst poll.Revenue from the firm’s core cloud and software businesses rose 11% for…
Author: usaeverydaylife
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown.There are more than 1.5 billion English speakers in the world. Grammarly wants them all as customers.The San Francisco-based company makes software that checks writing for spelling and grammar mistakes in real time, and offers style suggestions and artificial intelligence-generated writing prompts. Founded in 2009 by three Ukrainian software developers — the original headquarters were in Kyiv — the business was most recently valued…
Nvidia CEO Jensen Huang holds a Blackwell GeForce RTX 50 Series GPU (L) and a RTX 5000 laptop as he delivers a keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2025. Patrick T. Fallon | Afp | Getty ImagesNvidia lost close to $600 billion in market cap on Monday, the biggest drop for any company on a single day in U.S. history.The chipmaker’s stock price plummeted 17% to close at $118.58. It was Nvidia’s worst day on the market since March 16, 2020, which was early in the Covid pandemic. After Nvidia surpassed Apple…
The logo of a Mediobanca Premier bank branch in Brescia, Italy, on Friday, Jan. 24, 2025.Bloomberg | Bloomberg | Getty ImagesShareholders of Italian lender Mediobanca on Tuesday rejected a 13-billion-euro takeover offer from smaller domestic peer Monte dei Paschi, amid a ramp-up in consolidation bids in the Italian banking sector. “The Offer is devoid of industrial and financial rationale and is therefore destructive for Mediobanca,” the lender said in a statement.The company added that the proposal has no industrial value, compromises Mediobanca’s identity and business profile, as well as gains for shareholders of both the lender and Monte dei Paschi, “given…
People pass by a Starbucks coffee shop in Manhattan, New York, United States on January 15, 2025. Mostafa Bassim | Anadolu | Getty ImagesStarbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for dining out.A handful of restaurants released preliminary results earlier in January ahead of presentations at the annual ICR Conference in Orlando. For many, like Red Robin and Noodles & Company, their early report showed sales trends improved during the fourth quarter, giving investors more confidence and pushing their shares higher. Only Shake Shack…
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBCMicrosoft is in the middle of the artificial intelligence boom, but it’s been a while since investors have seen the rewards.The software giant’s stock price is up less than 8% in the past year. That’s by far the weakest gain among the eight U.S. tech megacap companies. Apple has the next slimmest increase at 19%, followed by Alphabet at 26%. All the others are up at least 48%, and Tesla is the top performer in…
Andrew Left of Citron Capital on CNBC’s Halftime Report.Adam Jeffery | CNBCProminent short seller Andrew Left is pressing a judge to dismiss U.S. charges that he manipulated the market and defrauded investors with his negative reports about companies, according to a document filed in federal court on Monday.U.S. authorities charged Left, the founder of Citron Capital, in July, alleging he had for years made misleading claims about his positions in multiple stocks, including Nvidia and Tesla. The case was the culmination of a years-long probe by the Justice Department into short sellers’ trading activities.In a motion to dismiss the charges…
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said.Cesc Maymo | Getty Images News | Getty ImagesLONDON — Britain’s antitrust watchdog on Tuesday raised concerns over competition in the multi-billion-pound cloud computing market and singled out Microsoft and Amazon as the dominant players.An independent Competition and Markets Authority inquiry group provisionally recommended that the regulator considers investigating Amazon Web Services (AWS) and Microsoft’s Azure…
For the first time in over a year, tens of thousands of Palestinians have reached their homes in the northern Gaza Strip, giving way to a mixture of elation and despair.On Tuesday, emotional reunions with family members who remained in northern Gaza during the war continued throughout Gaza City. But the return home was also shocking and depressing: Israel’s bombing campaign flattened entire neighborhoods, making them barely recognizable piles of rubble.“We’re overcome with joy — we’re finally in our neighborhood near friends and family after a year living on the sidewalk and the sand,” said Rajab al-Sindawi, a 49-year-old secondhand…
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (CES) 2025, showcasing the company’s latest innovations in Las Vegas, Nevada, USA, on January 6, 2025. Artur Widak | Anadolu | Getty ImagesNvidia shares traded higher in the premarket Tuesday, as traders reassessed the implications of a much cheaper-to-build large-language model for the artificial intelligence trade.The chipmaker’s rebound in the early session was shaky, with it up about 3.7%. The stock’s bounce was much bigger earlier in the morning and was reducing as the open neared. The stock plunged 17% on Monday and slashed more than $595 billion…
