Microsoft’s Azure Slowdown Overshadows Optimism About AI Growth
Microsoft Corp. posted tepid quarterly sales growth and forecast a continued slowdown in its Azure cloud-services business, overshadowing
2023-07-26 07:51
San Francisco’s Office Demand Surges, Largely Thanks to AI Companies
The worst of San Francisco’s office pain is showing signs of easing. Demand for offices in the city
2023-07-26 07:45
Billionaire and Tottenham Hotspur owner Joe Lewis indicted in US for ‘brazen insider trading’
Joe Lewis, the UK billionaire and owner of the Tottenham Hotspur football club, has been indicted in the US for what officials called a “brazen” set of insider trading schemes. “He used inside information as a way to compensate his employees or shower gifts on his friends and lovers,” US Attorney Damian Williams said in a video statement on Tuesday. “That’s classic corporate corruption,” he added. “It’s cheating, and it’s against the law.” The Independent has contacted Tottenham for comment, as well as Tavistock Group, the investment office founded by Mr Lewis. This is a breaking news story and will be updated with new information.
2023-07-26 07:27
Texas Instruments’ Lukewarm Forecast Indicates Slump Will Persist
Texas Instruments Inc., the biggest maker of analog semiconductors, gave a lukewarm earnings forecast for the current period,
2023-07-26 06:57
Anthropic’s Amodei Warns US Senators of AI-Powered Weapons
A CEO whose company says its artificial intelligence products are tools “that people can rely on” warned senators
2023-07-26 06:49
NatWest’s Board Criticizes CEO Over Farage Account Closure
The board of NatWest Group Plc said its Chief Executive Officer Alison Rose made an “error of judgment”
2023-07-26 05:26
McCarthy Ramps Up Talk of Potential Biden Impeachment
House Speaker Kevin McCarthy on Tuesday sent his strongest signal yet that Republicans could launch an impeachment inquiry
2023-07-26 03:56
Mark Zuckerberg Faces House Judiciary Vote on Contempt of Congress Citation
Republicans on the House Judiciary Committee are preparing a contempt citation against Meta Chief Executive Officer Mark Zuckerberg
2023-07-26 03:54
Bond Traders Are Placing Even Odds on Post-July Fed Interest Rate Hike
Bond traders are again placing even odds on the prospect that the Federal Reserve’s widely expected interest-rate hike
2023-07-26 02:50
LVMH’s US Weakness Weighs on Sales as China Rebounds
LVMH’s US sales declined in the second quarter as a sluggish economy deterred some shoppers from buying its
2023-07-26 02:47
Deutsche Bank Unveils $500 Million Buyback in Payout Push
Deutsche Bank AG will resume share buybacks of as much as €450 million ($500 million) this year, part
2023-07-26 02:46
Bitcoin Retreat Puts Crypto’s 2023 Lead Over Stocks in Jeopardy
The crypto market’s once-handsome 2023 lead over stocks is cracking as Bitcoin holds a retreat below $30,000. The
2023-07-26 02:24