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Netflix had another blowout quarter
Business Insider· 2024-07-18 20:21
Netflix reported its second-quarter earnings on Thursday.New subscriber numbers surpassed analysts' expectations at just over 8 million.The streaming service has been luring more viewers by cracking down on password sharing. 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 go. Email address By clicking “Sign Up”, you accept ...
Tesla revenue isn't all from EV sales. Here's where its billions of dollars a year come from.
Business Insider· 2024-07-18 13:06
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 previewTesla, the EV manufacturer led by tech mogul Elon Musk, has seen its revenues boom over the past decade as ...
JPMorgan CEO Jamie Dimon says he'll add thousands of jobs focused on AI in the next couple of years
Business Insider· 2024-07-18 01:53
Core Insights - JPMorgan CEO Jamie Dimon emphasizes the significant impact of artificial intelligence (AI) on the workforce and productivity [1][4] - The company currently employs around 2,000 individuals focused on AI, with expectations to increase this number to 5,000 in the next few years [1][4] - JPMorgan has approximately 400 ongoing AI projects, with projections to expand to 800 in a year and 1,200 thereafter, focusing on areas such as marketing, fraud, and risk management [4] Company Strategy - AI is embedded across all business operations at JPMorgan, enhancing productivity and efficiency [3][4] - The company views AI as a transformative tool that can augment virtually every job, while also acknowledging the potential for job displacement [4][5] - Dimon highlights the dual nature of AI's impact, suggesting that while some jobs may be eliminated, new roles will also be created, although the net effect remains uncertain [5]
Goldman Sachs CEO David Solomon is predicting the long-awaited return of M&A
Business Insider· 2024-07-16 15:08
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 previewHello! Amazon Prime Day is back today and tomorrow, and our Reviews team has a rundown of all the best deal ...
Elon Musk says Tesla needs 'extra time' to redesign the front of its Robotaxi before the big reveal
Business Insider· 2024-07-15 20:52
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 previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the compa ...
Why Google is ready to risk a DC battle to land a potential $23 billion deal
Business Insider· 2024-07-15 13:08
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 previewGoogle might be getting ready to shell out a record amount on an acquisition. The company in question is a ...
As Boeing bleeds cash, Airbus predicts it'll double the size of its fleet worldwide in the next 20 years
Business Insider· 2024-07-15 09:58
Airbus forecasts that it'll be able to double the size of its global fleet to 48,230 planes by 2043.The demand comes from strong growth in Asia and the Middle East, per Airbus.The optimistic outlook stands in stark contrast to Boeing's losses, which have been in the billions. 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 go. E ...
Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'
Business Insider· 2024-07-15 07:32
Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up.She previously called Nvidia a "check the box stock" with too much "hyperactivity." Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. 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 go. ...
Google's Alphabet is closing in on a $23 billion deal to buy cybersecurity startup Wiz: WSJ
Business Insider· 2024-07-15 01:09
Alphabet is nearing a deal to buy cybersecurity startup Wiz for $23 billion, per WSJ.Sources told The Wall Street Journal that the tech giant is in advanced talks to buy the startup.Wiz was founded in 2020 and became one of the fastest growing startups a year later. 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 go. Email addre ...
One likely reason Costco is hiking its membership fee
Business Insider· 2024-07-14 08:41
Retailers' profits are seeing a pinch as inflation cools — and in some categories, even reverses.For Costco, raising membership fees can offset some of that deflationary bite.The wholesale club prides itself on ultra-low markups, and membership fees help it do that. 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 go. Email addre ...