Amazon is integrating Whole Foods more deeply into its core business, in a major reorganization that it hopes will reinvigorate its grocery business under new leadership. In an internal memo last week, Whole Foods CEO and Amazon VP of Worldwide Grocery Jason Buechel explained how the restructuring will bring the two companies closer together.The plan includes a new leadership team and a change that will bring Whole Foods corporate staff under Amazon's employee programs, including performance reviews and pa ...

Key Takeaways AMD's Q1 data center revenue rose 57.2% to $3.674B, driven by EPYC processor adoption. Fifth-gen EPYC and Instinct AI accelerators gained traction across hyperscalers and enterprises. Nokia adopted EPYC 9005 chips to boost 5G performance and energy efficiency on its cloud platform.Advanced Micro Devices (AMD) is benefiting from its strong presence in the data center market, which is driven by the widespread adoption of its EPYC processors. In the first quarter of 2025, data center revenues ...

Key Takeaways Shopify's merchant growth is driven by tools such as Shop Pay, Installments, and the Shop App. AI-powered features like Sidekick and Shop Inbox help merchants streamline operations and boost engagement. New alliances with platforms like TikTok and YouTube support SHOP's efforts to expand its merchant ecosystem.Shopify (SHOP) is benefiting from robust growth in its merchant base driven by its merchant-friendly tools, including Shop Pay, Shopify Pay Instalments, Sign in with Shop and the Shop ...

ToplineGreen Dot’s boffo first quarter earnings report suggests embedded banking could increase the company’s stock price as European rivals grow rapidlyPASADENA, CA - FEBRUARY 19, 2015: The Green Dot Corporation is a prepaid debit card and prepaid card ... More reloading company which targets "banked, underbanked and unbanked" customers located in Pasadena, California. (Photo by Gina Ferazzi/Los Angeles Times via Getty Images)Los Angeles Times via Getty Images Key FactsGreen Dot’s first quarter results rev ...

Core Viewpoint - The current operating environment for Bank of America is characterized by significant policy uncertainty, impacting consumer spending and overall economic health [6]. Group 1: Company Overview - Brian Moynihan has been the CEO of Bank of America for 15 years, focusing on responsible growth and adapting to changes in the operating environment [6]. - The company is actively assessing the macroeconomic factors affecting consumer behavior, including spending and deposits [7]. Group 2: Industry Context - The financial services industry is experiencing considerable changes due to evolving policies and economic conditions, which are crucial for understanding consumer health and spending patterns [6][7].

Key Takeaways AI Cloud revenue hit RMB6.7B, marking 42% growth and a rising share of Baidu Core revenue. Qianfan MaaS platform and ERNIE model upgrades are fueling scalable, cost-efficient AI adoption. Subscription-based sales now dominate cloud revenue, with Gen AI subscriptions growing triple digits.Baidu (BIDU) is beginning to see real traction from its years-long investment in artificial intelligence (AI), with AI Cloud emerging as a key driver of growth and profitability. While macro pressures and re ...

Hollywood is taking aim at the AI image generator Midjourney. On Wednesday, Disney and NBCUniversal's movie studios sued Midjourney, alleging its product ripped off their famous characters in properties ranging from Star Wars to The Simpsons.The media companies use colorful language in their 110-page copyright infringement lawsuit. They argue that Midjourney's tech amounts to a "virtual vending machine, generating endless unauthorized copies of Disney's and Universal's copyrighted works." They call Midjo ...

Core Insights - Google is implementing buyouts for employees across key divisions as part of a cost-cutting strategy ahead of a potential court ruling that may lead to a breakup of its operations [1][4]. Group 1: Employee Buyouts - The buyouts are offered to staff in Google's search, advertising, research, and engineering units, although the exact number of affected employees is not specified [2]. - A spokesperson from Google confirmed that this initiative follows a voluntary exit program introduced earlier in the year, which included severance for U.S.-based employees [3]. Group 2: Legal and Regulatory Context - The buyouts come as a federal judge is set to rule on a case declaring Google's search engine an illegal monopoly, with potential implications for its business practices [4][5]. - The U.S. District Judge is considering a proposal that could limit Google's annual payments exceeding $26 billion to other tech companies for search engine exclusivity and may require data sharing with competitors [5]. Group 3: Industry Trends - Google, like other major tech companies, has been reducing its workforce since 2023, reversing the hiring trends seen during the pandemic due to increased demand for digital services [6]. - The company is focusing on enhancing its artificial intelligence capabilities, which are transforming its search engine into a more conversational platform [6][8].

DoorDash will pay $175 million to purchase advertising tech company Symbiosys.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The acquisition was announced Wednesday (June 11) as part of a larger update on the comp ...

NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared monthly cash “base” and “bonus” common shareholder distributions for June 2025, July 2025 and August 2025. The distributions remain consistent with prior declared monthly distributions. The annualized total cash distribution is $1.34016 per share (17.4% annualized rate for Class R and 18.7% annualized rate for Class I), for distribution ...