Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also said Amy Weaver, its chief financial officer, will step down. She will remain at the company as the CFO until a successor is appointed and, after that, will stay on as an advisor. Salesforce will consider internal and external candidates, Marc Benioff, the company’s co-founder, chair and CEO, said on a conference call with analysts. He said it was his idea to have Weaver take over the lead financial role…
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There’s one figure in Nvidia ‘s earnings report that has some analysts worried: gross margins. The chipmaker fell 3% on Thursday even after topping Wall Street’s fiscal second-quarter estimates and issuing stronger-than-expected current-quarter guidance. Many analysts attributed the post-print move to a subpar forecast that failed to please elevated investor expectations , and a decline in gross margins (75.1% from 78.4%) as the company ramps new data center products. “We expect the stock to likely remain range bound through the next two quarters before Blackwell driven Y/Y sales and gross margin inflection in the Apr-Q,” wrote Citi’s Atif Malik, attributing…
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NASA administrators speak during a news conference to discuss plans to return two astronauts who remain stranded at the International Space Station, at Johnson Space Center in Houston, Texas, on August 24, 2024.Mark Felix | AFP | Getty ImagesNASA said on Friday it will replace two crew members for an upcoming SpaceX flight to accommodate the two astronauts aboard the International Space Station who had arrived on Boeing’s faulty Starliner capsule.NASA astronauts Butch Wilmore and Suni Williams, both former military test pilots who launched aboard the Starliner spacecraft in June, will replace Zena Cardman and Stephanie Wilson on the SpaceX…
Westend61 | Westend61 | Getty ImagesBetween rising costs for groceries and fuel, increased debt levels, and shrinking savings, people are having trouble seeing the overall economic growth reflected in their bank accounts. Our recent research with CNBC showed that the “vibecession” has a hold over many people, and now those sentiments appear to resonate with small business owners as well.The latest CNBC|SurveyMonkey Small Business Survey for Q2 2024 shows that small business owners are feeling little impact from stock market highs and are worried they will be left behind by policymakers who are more concerned with what happens on Wall Street…
Sarah Palin, 2008 Republican vice presidential candidate and former Alaska governor, arrives for her defamation lawsuit against The New York Times, at the U.S. Courthouse in the Manhattan borough of New York City on Feb. 14, 2022.Eduardo Munoz | ReutersA federal appeals court on Wednesday for the second time overturned the dismissal of a defamation lawsuit by former Alaska Gov. Sarah Palin against The New York Times, and ordered a new trial in the case.Palin, who was the Republican nominee for vice president in 2008, alleges she was defamed by a Times editorial in 2017 that suggested the 2011 shooting…
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022.Bloomberg | Bloomberg | Getty ImagesCopper prices on Tuesday rose to an almost six-week high, supported by fresh investor demand and market optimism over the potential for imminent U.S. interest rate cuts.Copper for September delivery briefly touched $4.3065 per pound in New York on Tuesday, notching its highest level since July 18, when copper traded as high as $4.4280. The contract was last seen trading 0.4% higher at $4.2365.Three-month copper on the London Metal Exchange,…
Have you been searching for a location where you can combine work and leisure? Look no further.The Hungarian capital of Budapest has topped the list of the world’s best cities for work and vacation, or “workcation,” compiled by flexible and hybrid workspace operator International Workplace Group.The results are based on in-house research as well as findings from a survey conducted across 1,000 hybrid office workers globally.Hybrid and remote work, which gained traction during Covid-19 as businesses around the world temporarily shut down offices to meet health standards, has become a permanent arrangement for many companies.The number of people working from…
A worker prepares packages at an Amazon same-day delivery fulfillment center on Prime Day in the Bronx borough of New York, US, on Tuesday, July 16, 2024. Amazon.com Inc.’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce, which manages 50 brands in a variety of product categories. Photographer: Stephanie Keith/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAmazon’s checkout function encountered technical issues on Friday, keeping customers from completing purchases. The e-commerce site displayed error messages with photos of dogs during the outage…
The feeling before practice was different once Johnny and Matthew Gaudreau were at the rink. It changed as the two brothers tied their skates.For the three years Jerry York coached Johnny at Boston College and the four he had Matthew, he’d wish his players well with, “Hey, let’s have a good practice today.”The Gaudreau boys never needed the encouragement.“Johnny and Matt both brought so much excitement to practice,” York said on a Friday morning phone call shortly after hearing the news that a car struck and killed the brothers in Oldmans Township, N.J., on Thursday night. “The minute those two guys…
