Tag: Business

DraftKings to tax winning bets in high-rate states in a bid to boost profit

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the...

Microsoft’s cloud is ‘no-brainer’ for some AI startups, helping Azure gain ground on AWS

EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023.EzDubs, a developer...

An August stocks slump is ‘absolutely normal’ — but strategists urge caution on buying the dip

A trader works on the floor of the New York Stock Exchange (NYSE) on August 1, 2024 in New York City. New economic...

Apple is spending more on AI, but remains far behind its Silicon Valley peers

Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's...

Stocks making the biggest moves after hours: Apple, Amazon, Intel, Snap and more

Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto |...

Amazon’s cloud unit reports 19% revenue growth, topping estimates

Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon said Thursday that revenue in its cloud division...

Intel to cut 15% of headcount, reports quarterly guidance miss

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4,...

Apple set to report fiscal third-quarter earnings after the bell

Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be...

Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround

Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide...

Sports streaming venture Venu priced at $42.99 a month

A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a...

Eli Lilly’s weight loss drug Zepbound cuts heart failure risks in late-stage study

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles...

Wayfair CEO likens home goods slowdown to 2008 financial crisis: ‘Customers remain cautious’

The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair...

Biogen beats expectations, hikes outlook as Alzheimer’s drug Leqembi and other new products gain traction

A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on...

Moderna beats estimates but slashes guidance on low EU sales, competitive U.S. vaccine market

Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a "competitive...

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