Author: arthursheikin@gmail.com

[ad_1] The bar for Amazon earnings was set high, and while the e-commerce giant did well in the second quarter, its guidance left Wall Street wanting more. The “Magnificent Seven” titan reported earnings of $1.68 per share on revenue of $167.7 billion. These exceeded LSEG consensus estimates. Amazon also forecast revenue in its current quarter to land between $174 billion to $179.5 billion, which would present year-over-year growth of $173.1 billion. But analysts were left disappointed after Amazon offered lackluster operating income guidance for the third quarter. Amazon expects operating income to range between $15.5 billion and $20.5 billion, while…

[ad_1] Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model, able to answer questions by exploring and considering multiple ideas simultaneously and then using those outputs to choose the best answer. Subscribers to Google’s $250-per-month Ultra subscription will gain access to Gemini 2.5 Deep Think in the Gemini app starting Friday. First unveiled in May at Google I/O 2025, Gemini 2.5 Deep Think is Google’s first publicly available multi-agent model. These systems spawn AI multiple agents to tackle a question in parallel, a process that uses significantly more computational…

[ad_1] Analysts were cautious heading into Apple’s latest earnings report but breathed a sigh of relief after the “Magnificent Seven” titan posted its biggest quarterly revenue growth since December 2021. In its fiscal third quarter, the iPhone maker earned $1.57 per share on $94.04 billion in revenue. That exceeds the $1.43 per share and revenue of $89.53 billion that analysts polled by LSEG had penciled in. Apple incurred $800 million in tariff costs during the quarter, which came under the $900 million the company had estimated in May. Apple CEO Tim Cook forecast $1.1 billion in tariff costs for the…

[ad_1] This as-told-to essay is based on a transcribed conversation with 50-year-old Marco Santos, the Global CEO of GFT Technologies, an IT solutions company headquartered in Germany. The following has been edited for length and clarity.I’ve worked in IT my entire career.In 2011, I joined GFT as a country manager for Brazil.I focused on growing our presence there, but over time, I assumed more responsibilities. I became the CEO of GFT USA and Latin America, and then CEO of the Americas as a whole, including Canada.I was honored to become the company’s global CEO in 2024, overseeing its strategic direction…

[ad_1] This as-told-to essay is based on a conversation with Tom Buda, the owner of a private security business in New York, following a fatal shooting at a Midtown office building. It’s been edited for length and clarity.After Monday’s shooting at an office building in Midtown Manhattan, I immediately started getting calls from clients asking for additional security. First, I checked that everyone I work with was OK. Then, I worked most of the night to add security to different sites.By Tuesday afternoon, I had about 12 calls from new clients for increased security through at least Friday.I run Buda…

[ad_1] This as-told-to essay is based on a conversation with Malik Johnson, a 29-year-old union pipe fitter in St. Louis. It has been edited for length and clarity.When my parents bought me toys as a child, I always played with the box more than the toy. With Lego bricks, boxes, and trash cans, I’d build small apartment complexes, take a step back, and think, I did that.My mom saw that in me. She took me to construction sites and encouraged me to pursue my passion for building. She let me have tools, and I would do small projects around the house.I…

[ad_1] Tip fatigue may be pushing us further away from 20% gratuity being the norm.Square, a financial services and digital payments company, released a report on Thursday. It found that in Q2, average tips were down across the restaurant industry, dipping below 15% of the total ticket price for transactions across full- and quick-service restaurants, cafés, and bars.While that may be good news for consumers who are tired of leaving tips, the economic impacts could have knock-on effects for the service workers who depend on them.”As consumer confidence in the economy shifts and tips fall, workers are taking home less,…

[ad_1] In several states, public utilities are asking power-hungry data centers to cover more of their mounting electricity costs.Utilities have long enforced special terms and conditions, called tariffs, on their largest customers, to ensure they are paying their fair share.Facing a historic surge in electricity demand amid Big Tech’s AI race, utilities in states like Indiana and Ohio are now turning to tariffs to protect residents and small businesses from higher power bills as more data centers come online.Data centers consumed about 4.4% of all electricity in the US in 2023, according to research from the US Department of Energy.…

[ad_1] The Chinese military wants to use Nvidia AI chips in a wide range of projects, from servers running Chinese startup DeepSeek’s most powerful model to a 33-pound “robot dog” with a high-definition camera, according to documents reviewed by Business Insider.BI reviewed records on the Chinese People’s Liberation Army (PLA)’s official procurement portal, where military units post thousands of requests for equipment that local contractors can bid on.Multiple requests over the past year reference both banned and permitted Nvidia hardware, including the H20 chip, on which the US is set to loosen export controls—a move that has sent Nvidia’s stock…

[ad_1] When executives leave Goldman Sachs, they don’t really leave. They may take on new titles, relocate, or pivot industries altogether — but they often maintain close ties to the Wall Street bank. And the bank wants to maintain ties to them, too.Now, the bank is taking full advantage of this dynamic by overhauling its alumni network to formalize and strengthen its ties with former employees.In late 2022, CEO David Solomon and President John Waldron tapped Alison Mass, the firm’s chairman of investment banking, to take over leadership of the group. In that time, Mass, a veteran dealmaker, has transformed…