Tag: Business
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Yum Brands CEO lays out the benefits of selling Pizza Hut
Yum Brands CEO Chris Turner said selling Pizza Hut will allow the company to focus more heavily on Taco Bell and KFC.
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Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk
CNBC’s Jim Cramer said SpaceX investors are betting on Elon Musk’s vision and track record, rather than the company’s current earnings power.
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Databricks sales growth tops 80%, but margin are shrinking from swarm of AI agents
Databricks is seeing higher growth as AI agents assist with data analysis, but all that activity is significantly increasing costs.
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Oracle says details in report of failed Microsoft cloud deal ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
June 16 : Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, ci
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Data center provider Csquare reports revenue rise in US IPO filing
June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many companies s
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Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent
NEW YORK, June 16 : Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-peace-deal slide.I will go into more detail on today’s market moves below. If you have more time to read, here are…
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Intel’s new manufacturing tech enters initial production
June 16 : Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.By moving 18A-P into initial production, Intel is aiming to show it is following through on its manufacturing commitments, potentially
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AT&T names Jennifer Biry as CFO from 2027, Desroches to retire
June 16 : Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.Here are more details:• Jennifer Biry, the former CFO of McAfee, is set to become AT&T’s CFO at the start of 2027, according to a company filing.• B
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Microsoft’s cloud infrastructure talks with Oracle collapse, Business Insider reports
June 16 : Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal, potentially valued at more than $3 billion, have fallen apart due to security and compliance concerns, Business Insider reported on Tuesday.
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