Coindesk1 month agoBusinessGalaxy Digital Has Strong Momentum Across All Business Lines: CanaccordGalaxy's net income rose 40% to $422 million. [ more ]
Retail Dive1 month agoTech industryAmazon services outpace retail growth in Q1Amazon's non-retail services are outpacing retail sales, with a significant increase in net income driven by AWS and advertising services. [ more ]
www.housingwire.com1 month agoBusinessFannie Mae profits grow to $4.3B in Q1 2024Fannie Mae reported $4.3 billion in net income in the first quarter, citing growth in net worth, driven by fair value gains and benefit for credit losses, amidst challenges in the housing market. [ more ]
Theregister4 months agoDevOpsAmazon extends the life of its servers to six yearsAmazon.com extends the working life of its servers from five to six years, which is expected to contribute $900 million to net income in Q1 2024. Amazon's Q4 FY 2023 earnings show overall revenue of $170 billion, with AWS revenue reaching $90.8 billion. CEO Andy Jassy predicts AI will bring significant revenue to AWS in the coming years. [ more ]
Theregister4 months agoArtificial intelligenceAlphabet banked $3.0 billion by stretching servers lifespanAlphabet banked $3 billion by extending the life of its hardware. Depreciation expenses dropped by $3.9 billion and net income rose $3.0 billion as a result of the hardware extension. [ more ]
english.elpais.com4 months agoBusinessGM made $10 billion last year despite autoworkers strike, but it's prepared for lower auto prices this yearGeneral Motors' net income rose 12% last year despite a six-week autoworkers' strike. GM plans to bring back some plug-in gas-electric hybrid models in the U.S. [ more ]