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How Shopify’s Push into AI Is Working Out
The Wall Street Journal10d agoneutral
How Shopify’s Push into AI Is Working Out

Shopify and its chief, Tobias Lütke, have instead plunged in. Shopify was quick to develop AI tools for customers, announcing an AI assistant called Sidekick in 2023. Early last year, Lütke wrote a memo to employees that explicitly made using AI a “baseline expectation” at the company, which makes software that helps retailers set up websites, process transactions and analyze their businesses.

Reuters35d agoneutral
Joshua Kushner's Thrive Capital discloses $215 million Amazon stake

Joshua Kushner's Thrive Capital held Amazon shares worth about $215 million as of ‌the end of June, a regulatory filing showed ‌on Friday, adding to the venture capital firm's list of ​tech and AI investments. Known for its early investments in companies that have gone on to dominate their sectors, including OpenAI, SpaceX and Stripe, the venture capital firm has ‌been looking for ⁠opportunities in large technology companies to expand its public-market holdings. • Thrive held 904,038 Amazon ⁠shares valued at $215.5 million as of June 30, the filing showed.

Disney Climbs on Profit Beat; AMD Falls on Underwhelming Forecast | Stock Movers
Bloomberg45d agoneutralVIDEO
Disney Climbs on Profit Beat; AMD Falls on Underwhelming Forecast | Stock Movers

On this episode of Stock Movers: - Advanced Micro Devices (AMD) shares are lower after the semiconductor firm's second-quarter revenue and third-quarter sales forecast underwhelmed investors expecting a stronger performance given rising demand. - Disney (DIS) shares are climbing as profit beat Wall Street estimates in the company's fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida. - Shopify (SHOP) shares are soaring after it reported revenue for the second quarter that beat the average analyst estimate. President Harley Finkelstein said it was a "monster quarter" for the company.

Option Volatility And Earnings Report For Aug 3 - 7
Barchart47d agoneutral
Option Volatility And Earnings Report For Aug 3 - 7

It is another big week on the earnings front with a lots of big name companies reporting. This week could make or break the market. This week we have SpaceX, Advanced Micro Devices, Palantir Technologies, Sandisk, Uber Technologies, McDonald’s, Caterpillar, Merck & Company, Disney, Shopify and Arista Networks all reporting in what shapes as a busy and pivotal week for stocks.

Earnings, PMI and Other Key Things to Watch this Week
Barchart47d agoneutral
Earnings, PMI and Other Key Things to Watch this Week

Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors. This will provide a critical assessment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.

Fiserv, service station operators including BP warn US stores on illegal vapes
Reuters78d agoneutral
Fiserv, service station operators including BP warn US stores on illegal vapes

Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal ‌in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters ‌show. Backed by attorneys general from states including California, Illinois and Arizona as well as authorities from the city of New York, the District of ‌Columbia and Puerto Rico, the ⁠crackdown has in recent weeks helped secure a ban on vapes by Shopify. "BP has learned that MasterCard has begun issuing... compliance violation ​notices to ​merchants throughout the industry for processing sales transactions ​for illegal electronic nicotine delivery system ‌products," BP wrote in an undated notice to its gas station operators.