Investing

Salesforce.com has raised its full-year fiscal guidance and is preparing to continue growing faster than any “enterprise software company at this level,” co-CEO Marc Benioff told CNBC Monday. The stock fell more than 3 percent during the day’s session and took another dip after delivering its latest quarterly earnings following the bell, but the co-founder
0 Comments
Elon Musk isn’t being held accountable for his “mistruths,” and the Tesla CEO should list his company’s shares in Germany, where regulations are loose, short-seller and Musk critic Carson Block contended Friday. “There is a global war against truth,” the CIO of Muddy Waters told CNBC’s “Closing Bell.” “There are millions of people, presumably, that
0 Comments
Amazon‘s cloud services business has been growing exponentially, but the company still has a long way to go, the division’s CEO Andy Jassy told CNBC’s Jim Cramer on Thursday. With $30 billion of revenue run rate and 45 percent year-over-year growth, Amazon Web Services is just getting started, he said. “It’s the early stages of
0 Comments
Ride-hailing companies Uber Technologies and Lyft will give some of their drivers a chance to participate in their initial public offerings, The Wall Street Journal reported Thursday. The report, which cites people familiar with the matter, said both companies will include programs to give long-serving and highly active drivers a cash award with the option
0 Comments
The most widely anticipated shareholder letter on Wall Street was released on Saturday. Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the
0 Comments
JPMorgan Chase is tearing down walls and moving its San Francisco investment bankers onto “hot desks,” a space-saving layout that has long been a fixture at tech companies, while redesigning offices in Dallas and other cities. Shared workspaces have been relatively slow to catch on at banks, but JPMorgan is following recent renovations by some
0 Comments