Snowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud
Snowflake is going deeper with Amazon’s Web Services, and plans to use its Arm-based Graviton chips.
Salesforce beats on earnings and revenue but full-year guidance comes in light
Salesforce has been hammered by investors on concern that artificial intelligence models and services will disrupt some traditional software products.
AI’s domination is raising concerns about the bull. But the rally is starting to broaden out
The broadening out of the market rally should continue, as earnings and technical factors turn constructive, investors hope.
Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
Meta confirmed Wednesday that it will begin testing two subscription plans for its AI offerings.
After Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choice
Lamborghini CEO said the automaker’s decision to kill its EV to focus on plug-in hybrid electric vehicles was “the right way to go” for his company.
Trump opposes Russia or China taking Iran’s highly enriched uranium
Trump also said the Strait of Hormuz, the vital oil-shipping route, is “going to be open to everybody.”
Alabama asks Supreme Court to allow congressional map that dilutes Black vote
A three-judge panel in Birmingham, Alabama, found that the state’s proposed map of House districts was ‘intentionally discriminatory.”
Amazon starts selling its AI shopping technology to other retailers
Amazon said it’s already signed up Kate Spade as a customer for its AI shopping technology.
Mortgage refinance demand drops 18% as rates hit highest level since August
Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
SpaceX-Tesla merger chatter reignites as Musk pushes rocket company toward Nasdaq
With SpaceX headed for the public markets next month, industry experts and people close to Elon Musk are speculating about a potential tie-up with Tesla.
