Author: Daniel snow

In a Tuesday interview with CNBC’s Jim Cramer, Palo Alto Networks CEO Nikesh Arora said cybersecurity is in a pivotal moment as more companies incorporate artificial intelligence into business.”I think this is a perfect time for security companies to be out there working with our customers to make sure, as we say, ‘deploy AI bravely,’ and it’s going to be an inflection point,” he said.According to Arora, even “naysayers” of AI are now trying to move data to the cloud in order to keep up with competitors. New AI models require the cloud, he said, claiming that businesses will be…

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A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesWaymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned ride-hailing company has reached 10 million trips, doubling in the past five months.”These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,” said Mawakana, speaking at the Google I/O developer conference. The 10 million figure includes rides in Austin, Los Angeles, San Francisco and the Phoenix area.Waymo is…

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The outlook on consumer spending continues to get cloudier. Last week, consumer sentiment slid to its second-lowest reading on record while recent credit card data showed that many Americans are starting to cut back.  Walmart, Microsoft and Subaru are just some of the companies that have warned of price increases related to tariffs, which could lead price-sensitive shoppers to pull back even more. However, there are plenty of companies and sectors that still see strong demand, especially in the wake of the broader market rebound following the Trump tariff pause, most recently extended to the steepest China import taxes. “The consumer is coming…

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Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks reported better-than-expected earnings and revenue for the latest quarter but its gross margin was below estimates. The stock dropped 4% in extended trading on Tuesday.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: 80 cents, adjusted vs. 77 cents expectedRevenue: $2.29 billion vs. $2.28 billion expectedSales in the company’s fiscal third-quarter grew 15% from $1.98 billion a year earlier. Net income fell to $262.1 million, or 37 cents per…

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