Cavanagh said that over the past year, Comcast “made the most significant go-to-market shift in our company’s history. We have simplified our broadband offering by moving away from short-term promotions toward a clear, transparent value proposition.” But more changes are needed, he said. “Looking ahead, 2026 is about building on the changes we made in…
Microsoft delivered a solid earnings report on Wednesday with $81.3 billion in revenue for the quarter (up 17%), net income profits of $38.3 billion (up 21%), and a record-breaking Microsoft cloud revenue of over $50 billion. But the stock was getting pounded on Thursday as investors worried about how much the tech giant was spending…
The shakeout in luxury retail that has claimed the parent company of Saks 5th Avenue, Bergdorf Goodman and Neiman Marcus is about to hit shoppers. Saks Global announced Thursday that it will close all but 12 of its Saks OFF 5TH locations nationwide as part of its bankruptcy restructuring. The company will also shutter the…
She told the BBC that Apple products, including the packaging, should represent a “pleasurable, perfect experience”, and that the current “stumbling” responses of ChatGPt are very “un-Apple-like”, which could explain the firm’s caution in rolling out AI.
The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to you, every weekday. The Mercedes-Benz S-Class is widely regarded as the pinnacle of automotive engineering. Back in 2022, even I called the gussied-up Maybach version “peak automobile.” Well, there’s a new, updated model in town….
Unlike the buoyant U.S. stock market, the dollar is sinking fast. The value of the greenback just hit a four-year low, according to the ICE U.S. Dollar Index, the Intercontinental Exchange’s measure of the currency against a basket of six other major currencies. While much of the decline has occurred over the past year, the…
OpenAI, a company already valued at $500 billion, has made it known that it’s on the hunt for another $100 billion in investment. Such a funding round could lead the company’s valuation to shoot up to a titanic $830 billion. The Wall Street Journal is now reporting that Amazon may contribute at least $50 billion…
New York — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call storefronts. One dozen Off 5th…
On an earnings call with equity analysts today, Apple CEO Tim Cook responded to fast-rising RAM and SSD storage chip prices in the supply chain. Cook said that rising memory chip prices had a “minimal impact” on Apple’s gross margin in the fourth quarter of the 2025 calendar year, but he does expect a “bit…
Fed Chair Jerome Powell surprised some investors Wednesday afternoon with his comments about the gold and silver rally. The two precious metals, the most classic of the “safe-haven” assets, have the tangibility and inherent scarcity to act as a hedge in moments of turmoil, particularly when investors worry that politics or policy could undermine the…
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $56.8 billion in November, up $27.6 billion from $29.2 billion in October, revised. U.S. International Trade in Goods and Services Deficit Deficit: $56.8 Billion +94.6%° Exports: $292.1 Billion –3.6%° Imports: $348.9 Billion +5.0%° Next release:…
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2026 first quarter ended December 27, 2025. The Company posted quarterly revenue of $143.8 billion, up 16 percent year over year. Diluted earnings per share was $2.84, up 19 percent year over year. “Today, Apple is proud to report a remarkable, record-breaking quarter, with revenue…
2027 Mercedes S-Class Trades Old School Luxury For Screens And A Surprise V8 | Carscoops <!—-> <!– –> <!– –> <!—-> <!– !(function (e, t) { var siteId = ‘46307’; var r; let a = !!navigator.userAgent.match( /iPad|iPod|iPhone|Android|BlackBerry|Windows Phone|Opera Mini|IEMobile|webOS/i ), o = function () { var e = t.createElement(‘script’); (e.id = ‘lzORaekbHNiuS’), (e[‘data-cfasync’] = ‘false’),…
In this article MSFT IGV NOW Follow your favorite stocksCREATE FREE ACCOUNT Software stocks on Thursday slid deeper into an ongoing intense sell-off this year as investors recoiled from the sector on growing fears that artificial intelligence could upend many firms’ business models. The iShares Expanded Tech-Software Sector ETF (IGV) dropped 5.4% for its biggest…
Russian oil giant Lukoil agreed to sell its foreign assets to an American investment firm Thursday in a major indication President Donald Trump’s sanctions against Moscow are hitting home. The proposed sale—valued by some estimates around $22 billion—comes as Lukoil faces U.S. blocking sanctions and divestment conditions, and could deliver a hugely damaging economic blow…
In an unexpected escalation of trade tensions, President Donald Trump has threatened major repercussions for the Canadian aviation sector, focusing on Bombardier and its large-cabin jets. As the intricacies of international trade come to the forefront, this situation reshapes the landscape for both Canadian manufacturers and U.S. airlines that rely heavily on these aircraft. With…
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The sell-off in software stocks could be an incredible buying opportunity for long-term investors. Last year, technology outperformed the other 10 sectors of the stock market and the S&P 500, delivering a 24.7% total return. A lot of those gains were driven by semiconductor stocks like Nvidia, Broadcom, Micron Technology, Advanced Micro Devices, Lam Research,…
Donald Trump has insisted he’s a “kind” and “gentle” person while in the same breath blasting one of his very own appointees as a “moron.” The president’s comments came as part of a confused and rambling Truth Social tirade posted early Thursday morning. “Jerome ‘Too Late’ Powell again refused to cut interest rates, even though…
Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, has posted a widened fourth-quarter loss of $552 million, compared with $372 million in the year-ago period. Comcast, which announced its latest financial results on Thursday, put the higher Peacock loss down in part to the launch of the NBA and an exclusive NFL game. Due to its…
Wall Street is starting to weigh in on President Trump’s decision to nominate Kevin Warsh to lead the Federal Reserve. And a few themes are emerging from the reaction. First, Warsh is seen as a safe pick. Relatively. “President Trump’s apparent pick of Kevin Warsh for the next Fed Chair would arguably be one of…
Musk’s electric car company says it will invest $2bn in artificial intelligence start-up as part of pivot away from auto market. Published On 29 Jan 202629 Jan 2026 Click here to share on social media share2 Share Tesla has reported its first-ever decline in annual revenue on a busy day for corporate earnings that also…
Opinion It’s not your fault Amazon hired you for a position that it no longer deems necessary – blame bad planning or unanticipated market conditions. Everybody guesses wrong sometimes, even with the power of the most sophisticated business analysis software and the smartest prognosticators one can hire. It’s not your fault if you quit your…
Dow is planning to cut approximately 4,500 jobs as the chemicals maker puts more emphasis on using artificial intelligence and automation in its business. The company said Thursday that it anticipates about $600 million to $800 million in severance costs related to the cuts. Those costs are part of a broader plan aimed at simplifying…
Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell by a record 9% in 2025, amid…
In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast’s broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although…
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT A Home Depot logo is displayed at one of their stores in San Diego, Nov. 8, 2025. Kevin Carter | Getty Images News | Getty Images Home Depot on Wednesday laid off 800 workers and said corporate employees will have to return to the office…
In this article .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Deutsche Bank said Thursday it saw record profits during the fourth quarter of 2025, as the lender’s earnings update came amid a new investigation by German authorities into alleged money laundering. The German lender’s fourth-quarter results statement showed net profit attributable to shareholders came in…
German software giant SAP plunged as much as 16% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock also closed at its lowest price since mid-2024. SAP’s current cloud backlog rose…
Microsoft (MSFT) reported its second quarter earnings after the bell on Wednesday, beating Wall Street estimates on the top and bottom lines, with cloud revenue topping $50 billion for the first time. But the company’s stock fell over 11% Thursday as investors worried about that cloud growth slowing — and about the company’s ballooning AI-fueled…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Amazon plans to cut 16,000 more jobs as it pursues reorganization, the company said Wednesday in a blog post. The company, which will report Q4 2025 and full fiscal year earnings next week, declined to…
NEW YORK (AP) — Few ripples washed through Wall Street Wednesday after the Federal Reserve decided to hold its main interest rate steady, just like investors expected. The U.S. stock and bond markets each remained at a virtual standstill, while the U.S. dollar stabilized following its sharp recent slide. Some of the strongest action remained…
U.S. Treasury Secretary Scott Bessent on Wednesday touted the benefits of the Trump administration’s new savings program for U.S. children, telling “CBS Saturday Morning” co-host Kelly O’Grady that the “Trump Accounts” could serve as “a rainy day fund” when those kids reach adulthood. The program, created under the Republicans’ “big, beautiful bill” tax and spending…