Tag: billion
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Microsoft tops quarterly cloud growth estimates, easing spending concerns
July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity constraints ease and more businesses adopt the technology.Revenue at the company’s Azure cloud-computing business rose 43 per cent in it
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SpaceX gets $1.6 billion US Space Force order for 18 Falcon 9 launches
WASHINGTON, July 29 : SpaceX won $1.6 billion in orders from the U.S. Space Force on Wednesday to launch 18 Falcon 9 missions through 2027 carrying Pentagon satellites for detecting and targeting airborne objects, the service said.The 18 missions were assigned to SpaceX across two task orders under the U.S. S
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Regional confederations left blindsided by FIFA’s $20 billion investment plan
July 29 : FIFA’s proposal to sell stakes in a $20 billion commercial subsidiary has drawn strong criticism from soccer’s regional confederations, which said they were blindsided by the world governing body’s plan to bring private investors into the sport.The Confederations of North America, Central America an
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SoFi’s unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 : SoFi’s unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech’s revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9 per cent in early trading.Investors have grown less willing to reward growth alone, and
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Hyperscaler debt binge pushes yields up as investor demand cools
July 29 : Major U.S. technology companies are borrowing heavily as they ramp up spending on their artificial intelligence buildout, and at steadily higher yields as investors become more selective about absorbing the growing supply.Amazon, Alphabet, Meta Platforms and Oracle issued about $194 billion of bonds
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SoFi lifts 2026 revenue forecast as member growth, new loans hit records
July 29 : Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations.Despite an uncertain macroeconomic environment, elevated interest rates and high costs of living, credi
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Cognizant forecasts weak quarterly revenue amid cautious client spending
July 29 : Cognizant Technology forecast quarterly revenue below Wall Street estimates on Wednesday, as clients remained cautious on discretionary IT spending. Shares of the company were down 3 per cent in premarket trading. • Cognizant expects third-quarter revenue between $5.60 billion and $5.68
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IPL’s business value soars above $20 billion, says report
NEW DELHI, July 29 : The business value of the Indian Premier League, the world’s richest Twenty20 series, has soared more than 11 per cent to $20.6 billion this year, according to U.S.-based investment bank Houlihan Lokey.Since its launch in 2008, the 10-team competition has consistently attracted cricket’s
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Meta, BlackRock partner on $14 billion El Paso data center venture
July 28 : Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.The race to build out AI infrastructure has prompted tech giants to turn to debt sal
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Meta, BlackRock partner on $14 billion El Paso data center
July 28 : Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.The race to build out AI infrastructure has prompted tech giants to turn to debt sal
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