Alibaba Shares Rise 18% on Strong Sales and Dividend News
Alibaba Group Holding saw its share price rise by 18% last month, buoyed by a 7% increase in quarterly sales and a meaningful surge in net income. The company also announced a
Meta and Constellation Energy Secure Long-Term Nuclear Deal
Meta Platforms has announced its first deal with a nuclear power plant, agreeing to partner with Constellation Energy to keep its Illinois-based Clinton Clean Energy Center operating for another 20 years. The
AI Giants Urge U.S. to Strengthen Infrastructure and Exports
Top executives from major U.S. AI companies, including OpenAI, Microsoft (MSFT.O), and Advanced Micro Devices (AMD.O), testified at a U.S. Senate hearing on Thursday, stressing the importance of boosting infrastructure and championing
AI Optimism and Inflation Slowdown Lift Wall Street
Encouraging inflation report clears path for rate cuts Wall Street advanced further on Wednesday, with the S&P 500 rising 0.2% and on track for a second consecutive record close. While the Nasdaq
Microsoft Hits $4 Trillion Milestone on Cloud Momentum
Strong Earnings and AI Confidence Fuel Market Surge Microsoft reached a major financial milestone on Thursday as its market capitalization surpassed $4 trillion, joining Nvidia as one of only two publicly traded
Alphabet’s Momentum Grows with AI and Index Inclusion
Strong Earnings and Share Buybacks Drive Confidence Alphabet posted an impressive second-quarter performance, reporting a 14% year-over-year increase in sales and a sharp rise in net income. The company’s stock climbed 19%
Shopify Stands Out in Canada’s Lagging Tech Sector
Strong AI strategy drives investor confidence Shopify is outperforming Canadian tech peers in 2025, thanks to its aggressive push into artificial intelligence and expanding merchant solutions. While Canada’s broader tech sector has
OpenAI Hits $10 Billion in Annual Revenue Amid Rapid Growth
Overview of OpenAI’s Revenue Growth OpenAI has reached an impressive milestone, achieving $10 billion in annual recurring revenue (ARR) in less than three years since the launch of its widely popular ChatGPT
Walmart Expands Drone Delivery to Three More States
Walmart is rolling out its drone delivery service to three more states, expanding to 100 stores in Atlanta, Charlotte, Houston, Orlando, and Tampa within the next year. This move will bring Walmart’s
Tencent and Baidu Tackle U.S. Chip Curbs in AI Race
As the U.S. tightens restrictions on key semiconductor exports, Chinese tech giants Tencent and Baidu are adapting their strategies to remain competitive in the global artificial intelligence (AI) race. Both companies are
Microsoft Announces Layoffs Affecting 6,000 Employees
Microsoft to Lay Off 3% of Workforce Microsoft announced on Tuesday that it will reduce its workforce by 3%, affecting approximately 6,000 employees across various teams, levels, and regions. This is part
CrowdStrike Announces 500 Employee Layoffs Amid AI Shift
CrowdStrike, a leader in cybersecurity software, announced Wednesday that it would lay off 500 employees, representing about 5% of its workforce. CEO George Kurtz attributed the decision to advancements in artificial intelligence
Microsoft Posts Strong Quarterly Results, Shares Jump
Microsoft shares surged over 6% in after-hours trading on Wednesday following the company’s better-than-expected quarterly results, which highlighted significant growth across key segments. Quarterly Financial Performance Here’s a breakdown of Microsoft’s performance