Business News

Business

Salesforce Q3 Revenue Surges 8% to $9.44B, Beating Analysts' Expectations

Salesforce Inc. reported Q3 revenue of $9.44 billion, an 8% increase year-over-year, surpassing analysts' expectations. The company also saw a 25% rise in diluted earnings per shar...

Business

Microsoft Accuses FTC of Leaking Probe Details to Media

Microsoft Corporation has accused the United States Federal Trade Commission (FTC) of leaking information about an ongoing antitrust probe to the media. In a letter, Microsoft's Co...

Business

New Banking Laws Strengthen Governance and Protect Investors

Finance Minister Nirmala Sitharaman announced that public sector banks are now safe and stable, following the Lok Sabha's approval of amendments to banking laws. These amendments i...

Business

OpenAI Considers Advertising to Boost Revenue: A Strategic Move?

OpenAI's CFO, Sarah Friar, discusses the company's consideration of including advertising in its AI products to increase revenue. She emphasizes a thoughtful approach to ad placeme...

Business

Intel CEO Pat Gelsinger Announces Retirement, Company Names Interim Co-CEOs

Intel Corp. announced on Monday that its CEO Pat Gelsinger retired effective December 1. The company named CFO David Zinsner and Intel Products chief Michelle Johnston Holthaus as ...

Business

MicroStrategy Adds 15,400 Bitcoins to Its Holdings in $1.5 Billion Purchase

MicroStrategy Inc. has acquired approximately 15,400 Bitcoins for around $1.5 billion in cash, increasing its total Bitcoin holdings to around 402,110. The company also sold shares...

Business

Supermicro Investigation Clears Management, Announces CFO Replacement

Super Micro Computer, Inc. announces the completion of an independent investigation led by a special committee formed in response to concerns raised by Ernst & Young LLP. The findi...

Business

Stellantis and Samsung Join Forces for Massive EV Battery Production in Indiana

The United States Department of Energy has pledged up to $7.54 billion for a joint venture between Stellantis and Samsung SDI to establish two lithium-ion battery manufacturing pla...