Author: Daniel snow

Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | ReutersThe New York Times on Thursday struck a deal with Amazon allowing it to use the storied news organization’s content across its artificial intelligence platforms.The multi-year deal “will bring Times editorial content to a variety of Amazon customer experiences,” the Times said in a release. The agreement also includes content from the newspaper’s other properties like NYT Cooking and The Athletic.”This will include real-time display of summaries and short excerpts of Times content within Amazon products and services, such…

The mercurial billionaire fell short of his promise to cut government spending by $2 trillion, clashed with senior administration officials and left the capital without speaking to the president. Source link

Exclusive data on Starbucks collected by TD Cowen “suggests deteriorating value perceptions and narrowing quality perceptions for Starbucks relative to peers,” analyst says. Source link

Citigroup strategists say U.S. stocks are now the least preferred equity market among managers with trillions under management. Source link

GDP seen partly rebounding in second quarter Source link

In Carlsbad, California, retirees live on an average income of $85,442 a year from Social Security payments and withdrawals from savings and investments — the highest amount of any of the 344 largest U.S. cities, according to a recent SmartAsset analysis of Census Bureau data. These two sources generally make up the majority of retirees’ income. In fact, 58% of retirees say Social Security is a major source of their income, according to a 2024 Gallup poll. In 2025, eligible Americans will receive an average of just under $24,000 a year in retirement benefits, according to the Social Security Administration.But…

A measure of chief executive confidence fell in the second quarter by the most in the nearly 50 years the poll has been conducted. Source link

Nvidia reported strong fiscal first-quarter earnings on Wednesday.Wall Street was pleased with Nvidia’s continued sales growth, which hit 69% during the quarter. The company’s data center division continues to surge as companies, countries, and cloud providers snap up Nvidia graphics processors, or GPUs, for artificial intelligence software.”The team continues to maintain a 1- 2 step lead ahead of competitors with its silicon/hardware/software platforms and a strong ecosystem, and the team is further distancing itself with its aggressive cadence of new product launches and more product segmentation over time,” wrote JPMorgan analyst Harlan Sur.Here are three big takeaways from the company’s…

Several months after the Trump White House triggered the biggest global trade wars in decades, there’s little sign U.S. businesses are laying off more workers and preparing for bad times. Source link

Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | ReutersWhen Lip-Bu Tan was named CEO of Intel a little over two months ago, he brought with him plenty of name recognition. Tan spent 12 years running Cadence Design Systems and before that was a prominent venture capitalist. He’s also held board seats at SoftBank and Hewlett Packard Enterprise.”Lip-Bu’s Rolodex is like nobody else’s in the semiconductor industry,” Intel CFO David Zinsner said at a financial conference this month. Zinsner said Tan recently met with 22 potential…