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Amazon invests in nuclear energy, hot on the heels of Google and Microsoft
Business Insider· 2024-10-16 16:10
Amazon is anchoring a $500 million financing round for X-energy to develop modular nuclear reactors.The first sites in Washington and Virginia would provide carbon-free energy to meet growing demand.Amazon's announcement follows recent investments in nuclear energy from Microsoft and Google amid the AI boom. 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 u ...
Delta unveiled a fresh cabin design as it modernizes aging planes amid further delays to new Boeing jets
Business Insider· 2024-10-16 12:29
Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets.The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets.New cabins feature memory foam cushions in economy plus a refreshed business class. 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 ...
Netflix's new gaming chief shakes up the division with a hire from Epic and layoffs
Business Insider· 2024-10-16 01:25
Netflix's new games president, Alain Tascan, appointed Jeet Shroff as VP of games tech.Shroff, formerly of Epic Games, was tapped to promote consistency across Netflix's game portfolio.Netflix also laid off some games staffers last week. 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 ...
Things are looking up for Wall Street, and Goldman's third-quarter results show why
Business Insider· 2024-10-15 19:23
Goldman Sachs reported a 45% surge in profits on Tuesday, fueling hope for a dealmaking rebound.The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting.Here are four primary takeaways from the results shared by CEO David Solomon. 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 pe ...
Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%
Business Insider· 2024-10-15 11:37
Goldman Sachs reported third-quarter earnings on Tuesday that beat analysts' expectations.The investment bank posted $12.7 billion of revenue and almost $3 billion of net earnings.Goldman's investment banking fees soared 20% year-on-year to about $1.9 billion. 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 personalize ...
Boeing is raising $10 billion as it deals with striking workers and thousands of job cuts
Business Insider· 2024-10-15 11:12
Boeing is raising $10 billion as a machinists' strike enters its fifth week.Advertisement In a regulatory filing Tuesday, the planemaker said it had entered a credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase.It comes after Boeing announced on Friday plans to lay off 17,000 workers and a further delay to the launch of its much-anticipated 777X jet.This is a developing story. ...
Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
Business Insider· 2024-10-15 07:42
Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations.Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead.Boeing's financial woes include job cuts, plane delays, and potential credit downgrades. 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 pe ...
Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble
Business Insider· 2024-10-14 21:07
Microsoft is discontinuing HoloLens after losing billions of dollars on the project.The company's 10-year IVAS contract to make goggles for the Army is worth up to $22 billion.Microsoft is pulling back on IVAS work, putting its involvement in the contract in doubt. 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 person ...
Why another delay of Boeing's new 777X plane is such a big deal
Business Insider· 2024-10-14 19:37
Boeing's 777X, its largest passenger plane, is delayed yet again.Flight-test problems and an ongoing strike pushed the timeline to 2026, costing billions.With about 500 orders from airlines like Qatar and Emirates, much is riding on the new widebody. 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 whi ...
Don't expect as many Starbucks deals this year under its new CEO
Business Insider· 2024-10-14 17:27
Starbucks is reportedly reversing its recent push into frequent promos on drinks and snacks.The move is part of CEO Brian Niccol's effort to re-establish the brand's upscale, premium vibe.Promos, which are primarily available in the app, have contributed to the frenzy of mobile orders. 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 favori ...