U.S. News
Snap shares rise on fourth-quarter earnings that beat on sales
Snap released on Wednesday its fourth-quarter earnings that beat on sales but missed on revenue guidance.
Qualcomm stock sinks as memory shortage drags on forecast
“We’re starting to see that memory is going to define the size of the mobile market,” Qualcomm CEO Cristiano Amon said in an interview.
Broadcom, Nvidia shares rise on surging Google capital expenditures for AI
Much of Google’s AI software doesn’t run on industry-standard Nvidia chips, but instead on its own tensor processing units. Broadcom helps Google make its TPUs.
Amazon CEO Andy Jassy picks marketplace exec to be his new ‘shadow’ advisor
Jassy was Jeff Bezos’ shadow in the early 2000s before going on to lead Amazon Web Services.
Commodities Cold War: Trump’s critical-minerals quest is linked to AI ambitions
Critical minerals have already been at the center of mounting conflict between the U.S. and China. These tensions laid bare weakness in the supply chain.
January jobs report will be released on Feb. 11 after shutdown delay
The January jobs report delayed by the brief government shutdown will be released next week, the Bureau of Labor Statistics said Wednesday.
Microsoft brings back executive Hayete Gallot to run cybersecurity, as Charlie Bell takes new role
Under Charlie Bell, Microsoft’s cybersecurity business grew, but the company also dealt with the fallout from cyberattacks.
Amazon makes Alexa+ AI assistant available to everyone in the U.S. nearly a year after launch
Alexa+ launched last year in an “early access” preview, meaning consumers had to join a waitlist or buy a new device to use the service.
Eli Lilly blows past quarterly estimates, posts strong outlook as Zepbound and Mounjaro sales soar
Eli Lilly’s full-year guidance comes in stark contrast to the outlook of Novo Nordisk, which warned it sees sales and profit declining as much as 13% this year.
Yum Brands posts mixed quarter, Taco Bell shines
Taco Bell’s same-store sales spiked 7% in the quarter.
Sen. Warren, others urge FTC, DOJ to scrutinize tech AI ‘acquihire’ deals for antitrust violations
The senators wrote that the FTC and DOJ should “carefully scrutinize these deals and block or reverse them should they violate antitrust law.”
Rough winter weather hits homebuyers, tanking mortgage demand
Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely the recent winter storm.
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