Microsoft’s Xbox chief lays out plan to pass rivals on margin by 2030 in memo to employees
Microsoft’s gaming unit wants to invest in its Minecraft franchise and expand through partnerships, including in China.
Amazon’s AWS posts fastest growth since 2021, citing AI and chip demand
Amazon Web Services announced new business with Meta and OpenAI in the quarter.
Jersey Mike’s stock falls 6% in public market debut after pricing shares at $23
Jersey Mike’s priced its initial public offering at $23 per share.
How NBCUniversal’s deal with YouTube could jump-start the next chapter of the streaming wars
The next iteration of the streaming wars is likely to be about aggregating content on the biggest existing platforms.
Amazon’s Zoox to begin charging for rides in Las Vegas after clearing NHTSA hurdle
The exemption allows Zoox to operate up to 2,500 vehicles annually for two years, subject to “enhanced, adaptable” oversight conditions.
Ferrari CEO says he ‘would not change anything’ about polarizing Luce EV debut
Ferrari is pleased with the launch of the Luce all-electric vehicle despite significant criticism upon the car’s spring debut, according to CEO Benedetto Vigna.
Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street’s second quarter expectations amid “healthy” demand for its products.
Cyclospora outbreak has hurt Taco Bell but sales are already improving, Yum Brands CEO says
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
Trump promised a ‘golden age’ for agriculture. Farmers in Iowa say they’re still waiting
President Donald Trump has promised a “golden age” for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.
