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

Industrials

Boeing’s Delivery Win May Signal Clearer Skies Ahead

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Sales climbed 10% as Boeing narrowed its losses from $31 million in the same quarter last year to $7 million this go-round.

2 min read

Photo via Richard B. Levine/Newscom

Banking

Wall Street Predicts Record Trading Revenue amid Market Jitters

The upbeat earnings reports Wall Street expects from the largest US banks are once again being overshadowed — this year, by the Iran War.

2 min read
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Consumer

Golf Retailers Push Forward on a Tough (Economic) Course

Americans are playing the most golf in decades, but capitalizing on the trend requires expert-level finesse for equipment-makers.

2 min read
Photo illustration by Connor Lin / The Daily Upside

Artificial Intelligence

With AI Washing, C-Suite Lets Tech Take the Credit (and the Blame)

Talk about automation is swamping American industries, but are the companies tossing around tech-savvy buzzwords overstating robotic reality?

4 min read

Finance

New Berkshire CEO Embraces Buffett’s Focus on Long-Term Value Amid Lackluster Earnings

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Berkshire stock, which has lagged the S&P 500 for the past 12 months, fell Monday as results from Warren Buffett’s last quarter underwhelmed.

2 min read

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Real Estate

US Housing Market Doesn’t Have Much ‘Tailwind’: Lowe’s CEO

The value of single-family US homes increased at the slowest rate in 14 years in December, according to the S&P Cotality Case-Shiller Index.

2 min read
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Energy

Shell Pumps Out Dividend Hike Despite Slippery Oil Prices

UK oil major Shell posted its weakest quarterly profit in nearly half a decade on Thursday, sending its New York-listed shares down 5.3%.

2 min read
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Advisor Upside

UBS Sheds $14B in Wealth Assets in the Americas

However, the Zurich-based company’s global wealth unit attracted strong inflows from Asia, Europe and the Middle East.

2 min read

Artificial Intelligence

Palantir CEO Calls Earnings Beat a ‘Cosmic Reward’ for Loyalty to ‘Idiosyncratic Project’

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Palantir’s recent tumble is part of a broader selloff in enterprise software firms, triggered by fears that AI’s coding capabilities.

2 min read

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