The Brutalist Report

Quartz

• Microsoft's AI business surpassed a $37 billion annual run rate as cloud growth beat forecasts [76d]
• Meta stock sinks as its AI spending forecast shoots up to $145 billion [76d]
• ICE Director Harvey Flax sets scene for April Fed interest rate decision [77d]
• Ford is raising its full-year profit outlook after a $1.3 billion tariff refund [77d]
• Amazon posted a massive earnings beat as AWS cloud growth hit its fastest pace in years [77d]
• Google Cloud revenue grew 63% as Alphabet beat first-quarter expectations [77d]
• DXC exec Chris Drumgoole explains how DXC OASIS helps companies as AI evolves [77d]
• Market expert Kenny Polcari reveals top questions ahead of big tech earnings [77d]
• New survey reveals where CFOs see biggest changes in today’s business climate [77d]
• Costco is adding a water bottle option to its $1.50 hot dog combo for the first time in 40 years [77d]
• Jerome Powell says he will remain on the Fed board after stepping down as chair [77d]
• PayPal is reorganizing Venmo into its own standalone business unit [77d]
• Semperis CEO Mickey Bresman talks defending organizations at RSA Conference [77d]
• The Fed is holding interest rates steady again as Powell's final meeting as chair wraps up [77d]
• Zerohash CEO Edward Woodford talks advantages of OCC charter at Semafor Summit [77d]
• Neo Financial co-founder Jeff Adamson discusses company's nine-figure move [77d]
• Universal Music is selling half its Spotify stake to fund a doubled share buyback [77d]
• Waymo is beginning to map Portland streets ahead of a robotaxi launch [77d]
• Porsche's profit slid more than 20% as weak sales weighed on results [77d]
• Walmart is opening a $350 million milk processing plant in Texas [77d]
• Uber is adding hotel bookings to its app through a new Expedia partnership [77d]
• Senate panel advances Trump's Fed chair pick toward a full Senate vote [77d]
• Garmin's fitness segment revenue jumped 42% as demand for premium wearables held up [77d]
• Seagate stock surges as AI demand powers blowout earnings and raised forecast [77d]
• General Dynamics beat profit and revenue estimates as defense shipbuilding revenue rose 21% [77d]
• Humana stock sinks after insurer keeps full-year profit forecast despite strong Q1 [77d]
• Kone is buying German rival TK Elevator in a $34.4 billion deal [77d]
• Disney's new CEO decides to keep ESPN [77d]
• Etsy posted stronger-than-expected revenue as marketplace sales surged [77d]
• UBS profit rose 80% as trading revenue hit an all-time high [77d]
• AbbVie beat earnings expectations and raised its outlook as newer drugs offset Humira's decline [77d]
• Erasca stock sinks almost 50% after patient death in cancer drug trial [77d]
• Elon Musk testified at trial that OpenAI's for-profit switch betrayed its founding mission [77d]
• Resorts World launched New York City's first full-scale casino with live table games [77d]
• Brent crude tops $115 as Iran war talks stall over Hormuz [77d]
• Volkswagen is recalling nearly 39,000 Taos SUVs over a fuel leak and fire risk [77d]
• Shake Shack is adding a slow-cooked boneless baby back rib sandwich to its summer menu [77d]