As Warsh’s Fed faces pressure to act on inflation, these indicators show it’s at its lowest in years
Trimmed mean measures are painting a different picture than the headline numbers.
Dwindling cash and soaring memory costs: Tech’s AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta’s cash generation plummeted by 91%.
Alphabet, Amazon and Microsoft added nearly $1.5 trillion in combined value this week
Amazon, Microsoft and Google added hundreds of billions of dollars to their market caps, while Apple and Meta saw their market valuations fall.
Tim Cook sees Apple’s hybrid AI strategy as a ‘competitive weapon’
Ahead of the launch of Siri AI, Apple’s outgoing CEO Tim Cook said the company will charge for artificial intelligence through iCloud.
Reddit CEO says Google’s AI Overviews can’t replace ’10 blue links’ for referral traffic
Reddit CEO Steve Huffman said his company has to find ways to work around changes at Google, which is delivering less traffic than in the past.
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.
