Amazon to Open More Cloud Centers in Southeast Asia for Better Data Protection
Amazon plans to establish cloud regions in Southeast Asia to meet customer demands for local data storage, investing $6 billion in Malaysia by 2037.
Jim Cramer Says This Energy Stock Is ‘Terrific,’ Calls Casey’s General Stores A ‘Winner’
Cramer recommends selling PBR, buying EPD, LNG, RXRX, and CASY. Criticisms of AVGO's licensing changes dismissed. PBR and CASY stocks rise.
Strategic Shift: IBM Reportedly Eyes HashiCorp Acquisition
IBM is reportedly on the verge of acquiring cloud software provider HashiCorp, signaling potential growth for both entities.
At Last! Apple To Finally Introduce Calculator App For iPad After 14 Years: Report
Apple is expected to finally introduce a Calculator app for iPad in the upcoming iPadOS 18 release, announced at the WWDC on June 10.
Salesforce Pushes for Transparency in AI Emissions Reporting
Salesforce advocates for environmental regulation of AI, pushing for standardized disclosure of energy usage and emissions. They also ended acquisition talks with Informatica. CRM stock gained 41% in past year.
General Motors Q1 Earnings Surprise: North America Growth, Rising Profit Margin And Annual Guidance Boost
General Motors reported Q1 sales growth of 7.6% to $43.01B, beating estimates. Adjusted EPS of $2.62 also beat expectations. GM's North American operations drove the beat and raised guidance. Stock up 5.05% in premarket at $45.39.
Goldman Sachs, SL Green Realty And A Major Chipmaker On CNBC’s ‘Final Trades’
Virtus Investment's Joseph Terranova named Goldman Sachs as his final trade. The bank reported better-than-expected first-quarter earnings.
Music Giant Spotify’s Q1 Surprise: Investors Cheer Premium Subscriber Growth And Profit Bump
Spotify (NYSE:SPOT) reports Q1 2024 revenue of €3.64B, beating estimates. Premium revenue up 20%, MAUs up 19%, gross margin improves. Stock up 107%.
Broadcom Faces Backlash Over Licensing, EU Trade Groups Demand Investigation
Critics dismiss Broadcom's changes to cloud licensing, citing concerns over price increases, unfair terms, and bundling. EU regulators urged to investigate.
Amazon Ends Drone Deliveries in Lockeford, Sets Eye on New Arizona Site for Expansion
Amazon has stopped drone delivery in Lockeford, California, but will continue in College Station and plans to expand in Tolleson later this year.