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Microsoft will continue investing in capital expenditures throughout its fiscal year 2026 after seeing its cloud and artificial intelligence (AI) offerings lead its revenue gains in the third quarter of fiscal year 2025.
“These investments, along with focused execution that delivers near-term value to our customers, will ensure we continue to lead through the cloud and AI opportunity ahead,”...
Technology companies Meta, Spotify, Match Group and Garmin have founded a lobbying group that said it will “combat anti-competitive practices by smartphone platform owners.”
The Coalition for a Competitive Mobile Experience (CCME) will advocate for hardware and software interoperability, a level playing field in the app marketplace and age verification at the app store level, the group said in a...
Amazon said Wednesday (April 30) that it will invest over $4 billion to expand its rural delivery network and provide faster delivery to millions of customers in less densely populated areas.
The investment will expand Amazon’s rural delivery network to over 200 delivery stations, create over 100,000 new jobs and enable the retailer’s network to deliver over a billion packages each year to...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...