Salesforce Inc
Stocks making the biggest moves after hours: Salesforce, UiPath, Capri, Pure Storage and more
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019. Brendan Mcdermid | Reuters Check out the companies making headlines in extended trading: Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings […]
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Salesforce shares plunge 16% on revenue miss, weak forecast
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted 16% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations. Here’s how […]
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Wells Fargo CEO talks up reasons to love the stock — plus, what’s behind the market drop
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market pressure : The major stock benchmarks were moving lower Wednesday, with the Dow getting the worst of it again. Adding pressure on equities, bond yields […]
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OpenAI previous safety chief Jan Leike joins rival AI startup Anthropic
Anadolu | Anadolu | Getty Images Jan Leike, 1 of the lead protection scientists at OpenAI who resigned from the artificial intelligence company before this thirty day period, mentioned on Tuesday that he’s joined rival AI startup Anthropic. Leike introduced his resignation from OpenAI on May possibly 15, days just before the company dissolved the […]
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Activist Elliott takes $2.5 billion stake in Texas Instruments, urges company to improve free cash flow
A Texas Instruments sign in Dallas, June 14, 2023. Katie Tarasov Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in Texas Instruments and is urging the company to improve its free cash flow by adapting a less rigid plan for capital expenditures. In a 13-page […]
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Eli Lilly’s big GLP-1 investment — plus, what we want from 4 portfolio stock earnings
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Wall Street was bouncing higher Friday after, as Jim Cramer put it, a “really bad day” in the prior session. Thursday’s late-day decline happened as bond yields rose on […]
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The major boss is sporting friendship bracelets. How the ‘universal language’ of Taylor Swift and Beyoncé is aiding everyday living at get the job done
In image at still left, Megh McLaughlin, center, with co-workers at a functionality of Beyonce’s Renaissance tour. In picture at suitable, Rob Breakiron with his daughter, Isabelle, at a general performance of Taylor Swift’s Eras tour. Courtesy: Megh McLaughlin, still left photograph. Isabelle Breakiron, suitable picture At specialist products and services organization KPMG, controlling director […]
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Amazon’s new cloud boss inherits a business under pressure to keep pace in AI
Attendees walk through an expo hall during Amazon Web Services’ Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022. Noah Berger | Getty Images Entertainment | Getty Images In May 2023, Amazon CEO Andy Jassy was asked by an attendee at the annual shareholder meeting how the company was innovating in generative […]
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After Adobe collapse, Figma deal allows employees to sell shares at $12.5 billion valuation
Dylan Field, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on May 10, 2022. Figma Figma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a tender offer that values the company at $12.5 billion. That’s up […]
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Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Omar Marques | Lightrocket | Getty Images Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. Krieger, the former chief technology officer of Meta-owned Instagram, grew the platform to 1 billion users and increased its engineering team to more than 450 people during his time there, […]
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