Salesforce beats earnings estimates, CFO Amy Weaver to step down
Economy

Salesforce beats earnings estimates, CFO Amy Weaver to step down

Salesforce chair and CEO Marc Benioff speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Fabrice Coffrini | AFP | Getty Images Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook. The […]

CrowdStrike beats quarterly consensus but lowers full-year guidance
Economy

CrowdStrike beats quarterly consensus but lowers full-year guidance

CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity software maker reported strong fiscal second-quarter results but reduced full-year guidance in the wake of […]

Nvidia reports 122% revenue growth on surging demand for data center chips
Economy

Nvidia reports 122% revenue growth on surging demand for data center chips

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter. Nvidia shares fell 8% in extended trading. Here is how the company did versus LSEG […]

China’s exports record biggest decline in more than 3 years
Economy

China’s exports record biggest decline in more than 3 years

The dollar value of China exports are expected to decline 9.5% in June from a year earlier, according to a Reuters poll, deepening a 7.5% annual decline in May.Nurphoto | Nurphoto | Getty ImagesChina’s exports contracted in June at the fastest pace since the start of the Covid-19 pandemic, as high inflation in key developed… […]

Inflation is ‘history’ for the U.S, says veteran economist Steve Hanke
Economy

Inflation is ‘history’ for the U.S, says veteran economist Steve Hanke

The U.S. no longer has an inflation problem, according to veteran economist Steve Hanke.”I think the inflation story is history. One reason for that is that money supply has been contracting on a year-over-year basis by minus 4% in the United States,” Hanke, a professor of applied economics at Johns Hopkins University, told CNBC’s “Street… […]

India’s tomato prices surge over 300%, sparking theft and turmoil
Economy

India’s tomato prices surge over 300%, sparking theft and turmoil

A vendor arranging tomatoes at a wholesale vegetable market in Kolkata. Tomato prices surged 366.86% from 26.76 rupees per kg at the start of the year to 108.92 rupees per kg as of July 11.Nurphoto | Nurphoto | Getty ImagesIndia is facing a tomato crisis as prices have skyrocketed more than 300% due to extreme… […]