An H&M store in New York City on Nov. 19, 2024. Charly Triballeau | AFP | Getty Images When Gilberto Loureiro spent summers working in a textile factory as a teenager growing up in Portugal, he discovered that he felt “hate and love” for how clothes were produced. The work was tough: Loureiro’s job was…
Major Chinese technology companies are racing to launch services based on the open model context protocol (MCP), which enables Manus-like artificial intelligence (AI) agents to connect with third-party online tools, data sources and systems – a trend that could expand the commercial adoption of such applications. Alipay operator Ant Group – the fintech affiliate of…
IonQ (IONQ, Financials) made its Forte Enterprise quantum computer globally available through Amazon Braket, a managed quantum service from Amazon Web Services, and IonQ’s own cloud infrastructure, the company said in a statement. The Forte Enterprise system, which provides AQ36 algorithmic qubit performance, is IonQ’s latest commercial-ready quantum offering and is aimed at enabling the…
JILL CONNELLY / EPA-EFE / Shutterstock.com Jeff Bezos is the No. 2 richest person behind Elon Musk. According to Forbes, his $213.9 billion net worth makes him one of only 14 centi-billionaires on earth. Read More: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck Find Out: These 10…
Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…
Matt Baron/BEI / Shutterstock / Matt Baron/BEI / Shutterstock Jeff Bezos is currently one of the richest people in the world. Thanks largely to Amazon, Bezos has built an empire, one with a far reach and highly profitable returns. This type of wealth and status was not always the norm for Bezos, who, in his…
With just one trading hour left in Friday’s session — and the trading week — that means it’s time for Julie Hyman and Josh Lipton to run down the biggest market stories on Market Domination. Regan Capital chief investment officer Skyler Weinand joins the show to lay out his strategies to navigate what could be…
Oracle’s stock fell nearly 8% after missing earnings estimates and issuing weaker guidance. Oracle’s cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue. Oracle’s stock surged 80% this year, boosting its market value to over $500 billion. Oracle fell nearly 8% in extended trading after it reported…
Amazon’s (AMZN, Financials) Amazon Web Services is reportedly finalizing a $475 million agreement to provide IBM (IBM, Financials) with Nvidia (NVDA, Financials) processors over the cloud for artificial intelligence applications, Business Insider reported. The five-year agreement will provide IBM access to AWS’s EC2 servers, which have Nvidia GPUs, therefore allowing IBM to progress its AI…
Amazon (AMZN) reported better-than-expected third quarter results and delivered strong guidance. CFRA Research senior equity research analyst Arun Sundaram joins Market Domination Overtime Hosts Alexandra Canal and Josh Lipton to discuss the results and break down why the market is less concerned with Amazon’s artificial intelligence (AI) spending compared to its peers. “Really, you got…