AMD reported better-than-expected earnings for Q2 2024. However, while the company's earnings are largely on the back of strong GPU shipments and CPU sales, it's worth noting that not all seems to be well with the gaming sector. AMD's gaming segment revenue is down $648 million, 59 percent year-over-year, mainly due to a decrease in semi-custom revenue.

AMD Gaming segment revenue fell 59% from Q2 2023 on weakness in semi-custom chips

Windows Central

Following the conclusion of Microsoft's final quarter in its fiscal year 2024, the firm has released its earnings report.

Microsoft reports $64.7 billion FY24 Q4 revenue, the seventh consecutive Surface decline, and big jumps for Xbox and cloud

The Guardian

Firm’s earnings were up 15% year-on-year, but Azure’s lower returns resulted in share prices falling by as much as 7%

Microsoft beats revenue forecasts but poor performance of cloud services drags share price

Microsoft (MSFT) is out with its earnings report for Q4 2024, chronicling the company’s financial performance over the past few months. While Microsoft beat analyst expectations, it missed the EPS whisper number, and shares of the company have been down as a result. Microsoft’s Q4 2024 earnings report showed...

Microsoft (MSFT) Q4 2024 earnings results beat analyst expectations, miss EPS whisper number

The Motley Fool

While Nvidia is currently leading the AI revolution, the stock simply isn't for everyone.

Forget Nvidia: Billionaire Daniel Loeb Owns $2.2 Billion Worth of These 3 Brilliant Artificial Intelligence (AI) Stocks Instead

24/7 Wall St.

The slowing subscriber count at Netflix matters to shareholders. The stock has underperformed the Nasdaq so far this year.
The post Netflix May Be in Trouble appeared first on 24/7 Wall St..

Netflix May Be in Trouble

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

Florida State

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Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

Birmingham, AL

Valrico, FL

In a recent announcement, The Fresh Market, a beloved grocery chain in Florida, is bidding farewell to its Valrico location. The store, located in one of the fastest-growing areas of the U.S., has cited uncontrollable inflation as a driving force behind its closure, echoing broader economic challenges impacting even higher-end retailers.

A grocery chain in Florida is unexpectedly closing down

Illinois State

Chicago, IL

Foodie in Chicago

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Sony just launched a Back to School Sale on several of their PlayStation products, including their consoles. The PS5 Slim Disc Edition has dropped to $449.99 from its $500 MSRP and the PS5 Slim Digital Edition has dropped to $339.99 from its $450 MSRP. These deals will all expire on August 3.

The PlayStation 5 Consoles Are on Sale Today

Pop into the Call of Duty subreddit on any given day, and you're almost certainly going to trip over a few people complaining about SBMM, or skill-based matchmaking, and how it's ruining Call of Duty. But according to a recent study by developer Activision, getting rid of SBMM would be far, far worse for the game as a whole, and it's got the data to prove it.

Activision Secretly Turned Off Skill-Based Matchmaking in Call of Duty as an Experiment; Players Hated It

Recliners, and even recliners with heating and massage, are a common fixture in furniture stores. They typically range from the lower cost $600-ish wide body, heavily cushioned manual recliners to the oversized near commercial-grade massage chairs that you'd typically find at gyms or the mall, and which can cost several thousands of dollars. FlexiSpot, with their XL6 Classic, have created a power lift recliner with massage, heat, and adjustable headrest that arguably hits a sweet spot in terms of functionality and comfort that not only makes a great game room addition, but also wouldn't look out of place in the family room. Of course, since it’s sold for a relatively modest price even compared to the best gaming chairs, some of the its concessions may not sit well with everyone.

FlexiSpot XL6 Classic Power Lift Recliner Review

Washington State

The news this week that Jeff Bezos plans to sell more Amazon stock is another reminder of the tech mogul’s move away from Washington state — and the debate over its capital gains tax. A new regulatory filing shows that the Amazon founder plans to sell 25 million...

Jeff Bezos keeps selling Amazon stock after announcing his move out of Washington state

Microsoft (MSFT) shares are trading more than 6% lower after the close, following the companies. Latest earnings report. For the quarter, Microsoft beat earnings per share by a penny after reporting revenue that was in line with expectations. The company’s revenue strengths came from the personal computing segment while Aure and other cloud computing services came in slightly lower than the company’s guidance.

Three Stocks: Microsoft, NVIDIA, and PayPal

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Microsoft will hand out one-time cash awards to nonexecutive employees. Amounts will depend on role and bonus size, but will top out at 25% of annual bonus. Microsoft outperformed the Nasdaq over the past year, and revenue growth accelerated compared to the prior fiscal year. Salaried and hourly workers at...

Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus

Marvel is heading back to some of their most reliable names to reverse its fortunes – but it just might cost a fortune to do that. Variety published a new report on Monday that purports to reveal how much directors Joe and Anthony Russo, better known as the Russo brothers, are being paid to helm the next two Avengers movies, while also shedding light some of the terms behind Robert Downey Jr.’s return to the MCU as Doctor Doom. According to the report, the Russos are being paid $80 million to direct Avengers: Doomsday and Avengers: Secret Wars, an absolutely massive payday for a directing duo.

Robert Downey Jr. Being Paid 'Significantly More' Than $80 Million to Return for Next Two Avengers Films - Report

TheStreet

This is what could happen next to Southwest Airlines shares.

Analysts update Southwest Airlines stock price target on revenue plan

Reuters

(Reuters) -Starbucks' store operation improvements helped the coffee chain meet Wall Street expectations for quarterly profit, even as its global sales declined on persistent weakness in consumer spending in its top markets of U.S. and China. The company's shares, down 22% this year, were up 5% in extended trading after executives reaffirmed its annual forecasts.

Starbucks efficiency gains bolster profit as China, US drag sales

NewsBreak

Xbox Hardware Revenue Down 42% From Last Year as Activision Acquisition Continues to Boost Content Sales

Xbox hardware sales are way down again in Microsoft's Q4, while gaming content sales skyrocketed again thanks to the company's acquisition of Activision-Blizzard last year. The...

Xbox Hardware Revenue Down 42% From Last Year as Activision Acquisition Continues to Boost Content Sales

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