Microsoft CEO to Visit Southeast Asia With AI on Agenda

Satya Nadella will meet officials in Indonesia, Thailand and Malaysia next week, as the tech titan is betting on generative AI for long-term growth. 


 
Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push

Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time. 


 
Intel's earnings forecast fails to clear low bar, and the stock's drop continues

Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street's expectations. 


 
Ted Baker's North American Arm Follows U.K. Business Into Bankruptcy

Authentic Brands' partners stopped paying suppliers to Ted Baker's U.S. and Canadian businesses, executive says. 


 
Snap's 2024 plans are showing signs of paying off, and shares soar 25%

Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business. 


 
Walmart Founder's Son to Retire From Retailer's Board

Walmart's former chair and long-serving board member Rob Walton, the son of the retail giant's founder, will retire from the company's board in June. 


 
Meta Stock Had Its Worst Day in Years, Drop Shaved Billions Off Market Cap

The company's plans to spend even more on its artificial-intelligence efforts appears to have shaken investors. 


 
Gilead Beats Earnings Expectations After Rocky Quarter

The biotech reported a loss for the quarter of $1.32 per share, better than the FactSet consensus estimate of a loss of $1.49 per share. 


 
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems

Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes. 


 
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas

The asset manager is seeking to expand ties with rich investors and calm a backlash over energy investment strategy, among other areas.


(END) Dow Jones Newswires

04-26-24 0115ET