Alibaba Slashes Cloud Prices Globally as AI Demand Quickens
Alibaba Group Holding Ltd. is cutting prices for cloud customers outside of China by as much as 59%, mirroring deep…
Amazon Slashes $1.3B in Expenses, Deals Blow to Office Market
Amazon (NASDAQ:AMZN) is reportedly looking to reduce its office vacancies and save $1.3 billion in the process by letting leases…
IKEA Foundation backs emerging market EV push with $100 million grant
A global initiative to accelerate electric vehicle uptake has received a $100 million funding boost from the IKEA Foundation to…
Egan-Jones backs activist Peltz for Disney’s board as proxy battle rages
Egan-Jones has become the second proxy advisory firm to back Nelson Peltz’s push for board seats at Walt Disney, the…
Pepsi Triumphs: Secures Subway Deal, Dethrones Coke’s Dominance
Subway has become the latest front of the cola wars. Pepsi reached an agreement with the sandwich chain to become…
Nike, Micron, Lululemon: Earnings Reports Await Amid Downtrend
Dow Jones stock Nike (NKE) headlines the latest earnings calendar, along with Micron Technology (MU), but the two stocks are…
Starbucks to begin talks with Workers United union
Starbucks said Tuesday it will begin talks with the Workers United union to discuss bargaining agreements and union organizing. “We…
Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm
Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a…
Gold Demand to Hit Record With Central-Bank Buying
Total gold demand hit a record last year and is expected to expand again in 2024 as the US Federal…
Starbucks slashes sales guidance after missing the mark in Q1 earnings
Starbucks’ (SBUX) bitter earnings report doesn’t seem to have fazed its investors. The coffee giant is cutting its full year…