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Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings
Microsoft said it was still supply-constrained for delivering artificial intelligence services to cloud clients. But executives called for cloud acceleration.
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AMD says data center sales more than doubled in a year
AMD shares are down about 7% year to date, despite the chipmaker being the second largest vendor of data center GPUs after Nvidia.
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Harris takes up Biden’s crusade against corporate ‘price gouging’ and hidden fees
Vice President Kamala Harris goaded Donald Trump at a rally in Atlanta before a roaring crowd of more than 10,000 supporters.
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Starbucks revenue misses estimates as same-store sales decline for second straight quarter
Starbucks’ stock has tumbled 21% this year, fueled by concerns about weaker demand for its coffee in the U.S. and China.
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Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates
Samsung Electronics posted higher-than-expected second-quarter revenue and operating profit, as demand for advanced memory chips remained strong.
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Citi shed its ‘laughingstock’ label—and is now outperforming every other big bank
America’s largest banks are destroying the S&P 500, beating it by an average of 67%, but the perennial underperformer Citi is now leading the way.
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Government says three-quarters of Amtrak trains are late because of one rail company’s repeated lawbreaking
“Americans should not experience travel delays because rail carriers break the law,” Attorney General Merrick B. Garland said.
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Labor leader behind Amazon’s only unionized U.S. warehouse is out at the union he helped launch
Members of the Amazon Labor Union voted in a reformist slate, rejecting the faction backed by former ALU president Chris Smalls.
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Pennsylvania casinos sue to declare $1 billion in slot machine taxes unconstitutional—unless electronic games also pay up
Casino owners claim a slot-machine tax is unconstitutional because the state doesn’t impose it on electronic “skill games” found in many bars and stores.