Earnings

Artificial Intelligence

Will Wall Street Stomach Oracle’s Costly AI Transformation?

Photo via Scott Coleman/ZUMAPRESS/Newscom

Capital expenditures continue to balloon and the company plans to raise another $40 billion through debt and equity financing.

2 min read

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Consumer

Macy’s Gets Some ‘Spring’ in its Step from CEO’s Turnaround Plan

The retailer notched its strongest first quarter for same-store sales in four years and its fourth straight quarter of gains.

2 min read
Photo via Abaca Press/Douliery Olivier/Abaca/Sipa USA/Newscom

Indicators

Don’t Blame AI for College-Grad Unemployment

The Federal Reserve Bank of New York says remote work is a driving force behind the rise in unemployment among young college graduates.

1 min read
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Technology

Salesforce Delivers a SaaSpocalypse Reality Check

Salesforce points to record revenue of $11.1 billion and its own embrace of artificial intelligence to dispel SaaSpocalypse worries.

2 min read

Media & Entertainment

Disney Growth Shows Americans Willing to Splurge Despite Gloomy Economic Signals

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Revenue from theme parks in the US rose 10% to $6.4 billion, with passenger cruises and resort stays registering higher turnout.

2 min read

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Big Tech

Google Search Weathers AI Storm — For Now

The cannibalization of traditional search by AI chatbots is difficult to quantify, though by all accounts AI is already taking some nibbles.

2 min read
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Electric Vehicles

Crowded by EV Rivals, Tesla Preps For Critical Earnings Report

For what feels like the third or fourth time in a row, Tesla is gearing up for what may be the most important earnings call in its history.

2 min read
Photo via Richard B. Levine/Newscom

Consumer

Constellation Brands Serves Up Lukewarm Beer Sales

Constellation, which specializes in Mexican brews, has been coping with canned-beer tariffs that started in April.

2 min read

Industries

Carnival Cruises Past Market Expectations in Boon for Shares

Photo via Dave Cullen/EEm/SIPA USA/SportPix/Sipa USA/Newscom

The choppy waters predicted for the cruise industry this year were based on the very real risks of trade wars and real wars.

2 min read

Consumer

Levi Strauss is Stitching Together Success Amid the Trade War

Photo by Martin Bammer via Unsplash

It seems quality never goes out of style for Levi Strauss, even amid a a tariff-induced global financial meltdown.

2 min read

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