Here’s why FedEx plans to spin off its freight business
FedEx seeks to ‘unlock value’ for shareholders with FedEx Freight spinoff. Source link Claudia Assis
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This industrials company is joining the S&P 500 soon
Heating and air conditioning equipment maker Lennox International Inc. is replacing contract drug maker Catalent Inc. in the S&P 500. Source link Claudia Assis
This industrials company is joining the S&P 500 soon Read More »
Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021. Source link Claudia Assis
Here’s how much of a hit Microsoft is taking on its investment in GM’s Cruise Read More »
Adobe disappoints investors in this crucial metric, and shares fall nearly 9%
A weaker outlook clouded an otherwise OK quarter for the software company amid rising competition in AI. Source link Claudia Assis
Adobe disappoints investors in this crucial metric, and shares fall nearly 9% Read More »
How GM’s self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and resources needed to scale the business and an “increasingly competitive” market for autonomous vehicles. Source link Claudia Assis
How GM’s self-driving strategy is evolving as it gives up on Cruise business Read More »
C3.ai’s stock rallies 16% as Microsoft deal puts it on cusp of bigger sales
The enterprise software company narrowed its quarterly loss and posted a 29% revenue jump, saying the business is about to reap greater successes. Source link Claudia Assis
C3.ai’s stock rallies 16% as Microsoft deal puts it on cusp of bigger sales Read More »
Ross says business is slower than before, and that it could have done better
Ross’s CEO is ‘disappointed’ with discount retailer’s sales as business slowed from the first half of the year. Source link Claudia Assis
Ross says business is slower than before, and that it could have done better Read More »
Palo Alto Networks’ beat and raise wasn’t enough for investors. Here’s what was missing.
Merely in-line expectations for cybersecurity company’s fiscal year drags on the stock. Source link Claudia Assis
Palo Alto Networks’ beat and raise wasn’t enough for investors. Here’s what was missing. Read More »
‘We are at a low here, folks,’ Boeing’s new CEO tells employees. ‘I’m tired of it.’
Kelly Ortberg had a tough message for Boeing employees, including that the company is at a ‘low’ as employees spend more time arguing among themselves than figuring out how to beat Airbus. Source link Claudia Assis
‘We are at a low here, folks,’ Boeing’s new CEO tells employees. ‘I’m tired of it.’ Read More »
Super Micro has a plan for its delayed reports, names new auditor; stock jumps
Super Micro’s stock rallies after news that staves off delisting — at least for now. Source link Claudia Assis
Super Micro has a plan for its delayed reports, names new auditor; stock jumps Read More »