Wiz backing out of the Google deal could have big implications for Microsoft, analyst says. What would have been Google’s largest acquisition is no more. And that will have big implications for the tech industry — namely, Microsoft. Suggested Reading. The search giant had been looking to buy...

Google's no-deal with Wiz is an opportunity for Microsoft, analyst says

The Nasdaq had its worst day of 2024 on Wednesday. Shares of tech giants fell sharply after Google’s and Tesla’s second-quarter earnings — and hefty AI-related costs — disappointed investors. Suggested Reading. After more than a year of witnessing the rapid ascent of big tech stocks...

The massive tech stock selloff triggered by Google and Tesla 'will be short-lived'

NBC News

U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have made big bets on artificial intelligence. The tech-heavy Nasdaq index closed down 3.6%, while the broader S&P 500 index closed...

Stock market has worst day since 2022 as Tesla, Google parent Alphabet sink

Google parent Alphabet on Tuesday reported sales of nearly $85 billion for the second quarter, surpassing Wall Street’s expectations by about $640 million, according to FactSet consensus estimates. Suggested Reading. “Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud,” CEO Sundar Pichai said in...

Google's profits are booming because of AI

The free version of Google’s generative artificial intelligence-powered chatbot, Gemini, is apparently getting faster, more helpful responses. A chipmaker that works with Nvidia just saw its highest profit in 6 years. Google announced Thursday its fastest, most cost-efficient model, 1.5 Flash, is now available in the unpaid version of...

Google just upgraded the free version of Gemini AI with its fastest model yet

The creator of Flamin’ Hot Cheetos wants Pepsi Co. and Frito-Lay to stop their “smear campaign” claiming he didn’t create the spicy snack food. Richard Montañez has filed a lawsuit against Pepsi Co. in which he alleges that he was the victim of fraud, racial discrimination, defamation, and violations of California’s unfair competition law.

The guy who says he invented Flamin' Hot Cheetos is suing Pepsi and Frito-Lay

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

GM’s Ultium vehicles have had a shaky few years, with the company buying back vehicles for problems ranging from shaky build quality to risk of spontaneous fires. Now those cars are finding their way to the used market with some huge discounts. You just have to trust GM finally fixed the underlying issues with the cars.

Once faulty EVs from GM are up for sale

Weight loss drugs and non-alcoholic options have consumers holding off on buying sodas — at least in the U.S. But even so, Coca-Cola posted robust second-quarter earnings on Tuesday, driven in part by strong global demand for its pop offerings, prompting the beverage giant to raise its full-year guidance.

Coca-Cola is losing steam in America

Millions of Americans are set to watch the Paris Olympics on NBC starting on July 26, and Google is jumping on this chance to show off its AI tools. The tech giant announced on Thursday a new partnership with NBCUniversal and the U.S. Olympic and Paralympic Committee. Google will serve as Team USA’s official search AI partner, the sports non-profit’s first ever collaboration with a tech company.

Google is using the Paris Olympics to showcase its Gemini AI. Here's how

TheStreet

This is what could happen next to Amazon shares.

Analyst reboots Amazon price target ahead of earnings

Lots of people are flying American Airlines, but that isn’t translating into profits. Still, American Airlines stock was up about 5% in Thursday morning trading. The company said in its latest earnings report that it brought in a record $14.3 last quarter, with net income hitting $717 million — but it’s still slashing its guidance. Last quarter, American said that full-year earnings per share would be as much as $3.25, but now it’s forecasting as little as 70 cents.

American Airlines is getting more flyers — but had to lower ticket prices to do it

Fortune

Wiz, the $12 billion cloud security startup that was in acquisition talks with Google parent Alphabet, has decided not to move forward with the deal and will remain an independent company, according to an internal note sent to company’s 1,200 employees on Monday viewed by Fortune. “While we are...

Wiz turns down $23 billion Google deal, says it’s aiming for IPO

After a day of selloffs, the Dow Jones Industrial Average surged over 500 points in the afternoon on Thursday, driven by strong performances from tech giants such as IBM and Salesforce. However, the gains were short-lived, as the Dow and other indexes declined once again. Suggested Reading. As the day...

After gaining 500 points, the Dow falls by the end of the day

It’s the summer of recalls. Ice cream, coffee, and hot dogs have been pulled from grocery store shelves, and now the Food and Drug Administration (FDA) has announced a recall of several fresh produce products. Suggested Reading. Wiers Farm, a Willard, Ohio-based farm, on Monday expanded a recall of...

Walmart, Aldi, and Kroger produce is under FDA recall

Meta announced Wednesday that it removed around 63,000 Instagram accounts in Nigeria that directly engaged in sextortion schemes and thousands of Facebook groups where people shared tips on how to exploit others online. Suggested Reading. The company said the accounts were organized in part by a group called the Yahoo...

Meta axed 63,000 Nigeria-based Instagram accounts that engaged in sextortion

Walmart says it’s stepping into a new era of retail – and to keep up with consumers, it must predict what shoppers need. That’s partly because the industry is no longer what it was a decade ago, and according to the company’s first annual Adaptive Retail report, if retailers want to succeed, they must be dogged in adapting, making items quickly available, and tailoring experiences to fit individual customers.

4 key trends Walmart says the retail sector is facing

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

NewsBreak

Google's profit margins haven't been this big in more than a decade

Google parent Alphabet reported earnings Tuesday afternoon. Despite sluggish YouTube performance, the company saw Cloud revenue and profits reach record highs and its Search thrived —...

Google's profit margins haven't been this big in more than a decade

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