BUSINESS
MicroStrategy rebrands as Strategy, leaning further into its bitcoin commitment
2 weeks ago
MicroStrategy rebrands as Strategy, leaning further into its bitcoin commitment
MicroStrategy (MSTR) announced a splashy rebrand Wednesday that underscored its commitment to its cryptocurrency strategy. The company said it will…
EBITDA loss at Uber Freight widens, as revenue down from 2023 and Q3
2 weeks ago
EBITDA loss at Uber Freight widens, as revenue down from 2023 and Q3
Uber Freight’s EBITDA losses continued. (Photo: Jim Allen\FreightWaves) Uber Freight’s fourth-quarter earnings continued to show deterioration both from a year…
Alphabet, Meta, Microsoft set to spend $230 billion this year as hefty AI bills come under scrutiny
2 weeks ago
Alphabet, Meta, Microsoft set to spend $230 billion this year as hefty AI bills come under scrutiny
Meta (META), Microsoft (MSFT), and Google parent Alphabet (GOOG) are expecting a cumulative $228 billion in capital expenditures in 2025,…
Stock Traders Look Past AI Jitters as Bonds Climb: Markets Wrap
2 weeks ago
Stock Traders Look Past AI Jitters as Bonds Climb: Markets Wrap
(Bloomberg) — Stocks bounced back as gains in most major industries overshadowed underwhelming earnings from some tech heavyweighs. Bonds climbed…
Nvidia Jumps on Super Micro Saying Blackwell-Based System Ready
2 weeks ago
Nvidia Jumps on Super Micro Saying Blackwell-Based System Ready
(Bloomberg) — Shares of Nvidia Corp. gained on Wednesday after a key partner, Super Micro Computer Inc., said its new…
AMD Stock Suffers Another Post-Earnings Meltdown
2 weeks ago
AMD Stock Suffers Another Post-Earnings Meltdown
Advanced Micro Devices Inc (NASDAQ:AMD) is the talk of Wall Street today, last seen down 9.4% to trade at $108.23.…
Warren says Trump was ‘on to a real problem’ when he blasted BofA for debanking customers
2 weeks ago
Warren says Trump was ‘on to a real problem’ when he blasted BofA for debanking customers
Donald Trump and the GOP have a surprising new ally in their push to clamp down on “debanking”: Elizabeth Warren.…
Bessent’s Treasury Sticks With Yellen-Era Long-Term Debt Plan
2 weeks ago
Bessent’s Treasury Sticks With Yellen-Era Long-Term Debt Plan
(Bloomberg) — The US Treasury on Wednesday maintained its guidance on keeping sales of longer-term debt unchanged well into 2025,…
Amazon’s cloud business faces crucial test after rivals Microsoft, Google stumble
2 weeks ago
Amazon’s cloud business faces crucial test after rivals Microsoft, Google stumble
By Deborah Mary Sophia (Reuters) – The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in…
Australia’s Macquarie to wind down US debt capital markets arm, Bloomberg reports
2 weeks ago
Australia’s Macquarie to wind down US debt capital markets arm, Bloomberg reports
(Reuters) – Australia’s Macquarie is set to shutter its U.S. debt capital markets arm, as it plans to focus its…