CEO of International Business Machines Corp. (IBM) Arvind Krishna stated that the company anticipates pausing hiring for positions that it believes artificial intelligence could replace in the upcoming years.   CEO of International Business Machines Corp. Arvind Krishna stated that the...

Investors are concerned that growth in the profitable cloud business of Amazon.com Inc. is slowing.   As a result of Amazon's cloud division showing its worst quarterly growth since the company started separating the unit's sales in 2015, shares dropped by about 4% on Friday.   If...

Exxon Mobil Corp. and Chevron Corp., the two biggest U.S. oil firms, are raking in cash from booming oil and gas operations, but they disagree on what to do next.   On Friday, the pair reported first-quarter earnings that far exceeded Wall Street expectations. Analysts anticipate that Exxon...

As demand for cloud services increased and ad sales performed better than anticipated, Alphabet Inc. said on Tuesday that it would repurchase $70 billion worth of stock and reported first-quarter profit and revenue beyond projections.   Investors applauded the buyback plan, driving shares of...

According to individuals familiar with the situation, Walt Disney will start a second round of layoffs on Monday that would affect thousands of employment as part of an effort to cut 7,000 jobs and save $5.5 billion in expenses.   According to Disney officials, the firm will eliminate...

When they report first-quarter profits this week, Detroit automakers General Motors Co. and Ford Motor Co. will aim to reassure Wall Street that they won't get caught up in a price war with Tesla Inc.   Investors are still unconvinced as of now. GM stock is selling near its 2010 IPO price of...

After the bell rang on Monday, First Republic Bank said that deposits had fallen by more than $100 billion and that it was looking into possibilities like restructuring its balance sheet. This news caused shares of the bank to drop more than 20%.   Profits for the struggling company, which...

Despite significant price reduction, rivals stepped up in the first quarter of the year, causing Tesla's market share in its crucial California region to decline. According to calculations made by Reuters using information from the California Energy Commission, Tesla Inc. held 59.6% of the battery...

Chip designer Arm, a SoftBank-owned company, is creating its own chip to demonstrate the possibilities of its designs as it looks to expand after a successful IPO later this year.   According to those briefed on the development, the corporation will collaborate with manufacturing partners to...

Customers, particularly those in the US, continued to accept price increases without protest, which helped Procter & Gamble Co. increase its third-quarter margins and sales projection for its Tide detergent.   Manufacturer of Oral-B toothpaste, Pampers diapers, and Pantene shampoo...

Just over a week after deciding to sell menswear label Bonobos, Walmart Inc. is now selling plus-size fashion brand Eloquii Inc., highlighting an aim to increase margins by focusing more tightly and focusing on alternate revenue sources.   In its statement on Friday, the buyer, FullBeauty...