The AI Deals Enriching Silicon Valley’s Tech Giants
Microsoft, Amazon and Google are getting billions in revenue from providing expensive cloud services to the startups they are backing.
Google, Lendlease Scrap $15 Billion Real-Estate Development in Silicon Valley
Australian real-estate company Lendlease said it had mutually agreed with Google to end a development agreement for planned neighborhoods in the San Francisco Bay Area.
Coinbase sees trading volume continue to fall, but revenue beats expectations
Coinbase Global Inc. saw revenue rise by more than what was expected in its latest quarter, but trading volumes continued to decline.
Macquarie to Launch Up to $1.29 Billion Buyback Despite Fall in Profit
Macquarie Group said first-half net profit fell by 39% but its strong capital position means it could soon begin buying back shares worth up to $1.29 billion.
Starbucks Partners With Apple on Innovation Store
The coffee chain is collaborating with products of the tech company in its first Green Apron Innovation store.
Car Companies Agree to Pay Striking Workers in Unusual UAW Win
Detroit automakers are expected to pay workers about $100 a day on walkout.
Apple Sales Decline as China Market Weighs on Earnings Report
Sales fell for the fourth straight quarter, including a decline in China that came as the company faces a broad economic slowdown in the country and new competition from rival Huawei Technologies.
Block’s stock soars as company sets big earnings goal, launches buyback program
Block set a big target for a 2024 earnings metric that vastly exceeded the consensus view, helping to send its stock nearly 20% higher in late trading Thursday.
Goldman Sachs Promotes 608 Managing Directors
Almost half of the new class comes from Goldman’s traditional powerhouses, investment banking and trading.
National Association of Realtors’ CEO Stepping Down
Bob Goldberg, who has been NAR’s chief executive since 2017, announced in June that he would retire at the end of 2024. But he said he recently decided to accelerate his departure.
Source: Dow Jones Newswires