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Disney's theme parks are struggling, and it's another warning sign for the economy
Business Insider· 2024-08-07 12:41
Disney reported weaker-than-expected results for its theme parks division in its latest earnings.It blamed the drop on weakening consumer demand, which it said was likely to continue.Americans are reigning in spending after being hammered by inflation, forcing companies to adapt. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite top ...
Airbnb just dropped more bad news about the US consumer
Business Insider· 2024-08-06 23:53
Airbnb expects a slowdown in growth next quarter and weakening US demand.Shorter booking lead times and regulations in California impacted bookings, Airbnb's CFO said.The news follows lower-than-expected earnings from tech giants and a disappointing job report. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personaliz ...
Apple wants to rewire search with AI — and that may help cut the Google cord
Business Insider· 2024-08-06 13:48
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmerica's trustbusters just delivered a one-two punch in ...
Amazon is raising its hiring bar for some tech jobs
Business Insider· 2024-08-06 09:00
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmazon is raising its hiring bar.The company is bringing ...
Nvidia is on an acquisition spree even as regulatory scrutiny heats up and AI M&A cools
Business Insider· 2024-08-05 09:00
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNvidia is entering the summer of what could be its most ...
Berkshire Hathaway is sitting on almost $280 billion in cash after slashing its Apple stake in half
Business Insider· 2024-08-03 14:51
Berkshire Hathaway's cash stockpile has soared to nearly $280 billion.The conglomerate sold off nearly half of its huge stake in Apple last quarter.Warren Buffett, 93, plans to donate much of his fortune to charities after his death. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the ...
Elon Musk's Tesla pay package is once again questioned by the judge who initially tossed it
Business Insider· 2024-08-03 01:09
A judge on Friday questioned the restoration of Elon Musk's multibillion-dollar Tesla pay package.Tesla's lawyers argue a shareholder vote approving the pay should be sufficient to reinstate it.The judge, who previously invalidated the pay package, said the issue "will not end here and now." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your ...
Meta, Amazon, and Alphabet are spending big in a battle to dominate AI. It might not end well.
Business Insider· 2024-08-02 18:00
By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAI is burning a big hole in the pockets of Big Tech.Leaders at Meta and Alphabet have conceded that they mi ...
Amazon sounds pretty worried about the economy for the rest of the year. And it's a bad sign for the rest of us.
Business Insider· 2024-08-02 17:37
Amazon's CFO said political events and the Olympics are distracting people from spending.While it sounds like an excuse, there might be some truth to his predictions for the rest of 2024.Fast food chains' and alcohol companies' comments point to an ongoing squeeze for the US consumer. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the ...
Apple is staring down two different futures for the iPhone
Business Insider· 2024-08-02 12:05
By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview What does the future of the iPhone look like? That depends on how Apple's AI plans work out. For a while ...