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On Tuesday, Pepsi Co Inc (NASDAQ: PEP) showed it managed to navigate weaker U.S. demand that was the result of Quaker Oats recalls and backlash to higher prices for its drinks and snacks. But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report as Wall Street watched at other things, such as a struggling domestic market. First quarter highlights For the quarter ended on March 23rd, Pepsi reported that revenue grew 2.3% t...
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The Swedish company submitted a new version of its app to Apple with basic pricing and website information, which is a minimum requirement under the European Commission's ruling in its music streaming case, it said in a post on X on Wednesday. Spotify said the Cupertino, California based-Apple rejected its update in a response directly sent to the company. Apple and the European Commission did not immediately respond to Reuters requests for comment...
Continue ReadingOne area emerging as a popular theme in the AI space is robotics...
Continue ReadingMicrosoft and Costco are beating the market so far this year, but even bigger returns could be in store for patient shareholders...
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Enphase Energy, Tesla and Boeing are part of the Zacks Investment Ideas article...
Continue ReadingIBM (NYSE: IBM) today announced new storage capabilities that give clients choice and control in the data center to maximize performance. A new IT life cycle management option called IBM Storage Assurance provides access to IBM FlashSystem hardware and software innovations to help protect clients' investments from day one. IBM Storage Assurance supports the new IBM FlashSystem 5300 also announced today, as well as the FlashSystem 7300 and FlashSystem 9500...
Continue ReadingTesla, Inc. Q1 earnings showed resilience, with $1.1bn net income. I see TSLA plans for the Redwood Model 2 as critical to the firm's future, click for my update...
Continue ReadingThe deal demonstrates IBM’s increased focus on software as its consulting business has been hit by decreasing enterprise spending...
Continue ReadingWeakness in smaller discretionary projects affected the consulting segment, but analysts at J.P.Morgan said the backlog could help reaccelerate the business through 2024. "Although software acceleration is encouraging, this was offset by more significant-than-expected deterioration of Consulting, along with incremental FX headwinds expected for the rest of the year," analysts at J.P.Morgan said. IBM's software business grew 5.5% in the quarter and the company announced a $6.4 billion deal to buy cloud software company HashiCorp, aiming to make the most of an AI-led boom in demand for the data storage capabilities of the cloud...
Continue ReadingQ1 2024 International Business Machines Corp Earnings Call...
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