Satya Nadella, chief executive officer of Microsoft Corp., pauses during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. Simon Dawson | Bloomberg | Getty Images Microsoft said Thursday that its annual Build developer conference in Seattle, set to run from May 19-21 will […]
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S&P all-time high, Tesla comeback, Microsoft turns negative
Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 3:22 pm: Wayfair drops 13% as company announces job cuts Shares of the online retailer tanked 13% after the company said it was cutting roughly 3% of its workforce, which translates to around 500 jobs. The company said that around […]
Snowflake valued at $12.4 billion as Salesforce Ventures invests
Snowflake CEO Frank Slootman, far right, addresses the team at an all-hands meeting. Courtesy of Snowflake Snowflake, a developer of cloud-based technology for storing and analyzing data, is now worth $12.4 billion, making it one of the most valuable venture-backed companies in Silicon Valley. Salesforce’s corporate venture arm joined Dragoneer Investment Group in the $479 […]
Paycom Software joins S&P 500, replacing Centene
The addition comes two months after cloud vendor ServiceNow joined the index and is the newest signal of the elevated significance of subscription software program within the broader financial system. Prior to final 12 months, Salesforce was the one fashionable cloud firm within the S&P 500, alongside older names like Adobe and Autodesk, which […]
Cramer breaks down the rallies behind Tesla, Beyond Meat and Lululemon
CNBC’s Jim Cramer has been hammering home the difference between meaningless and meaningful gains on the stock market and on Monday laid out a basket of companies that are rising for good reason. “We don’t want to be in a situation where stocks keep roaring on the same old, same old information, so it’s a […]