Salesforce, the business software giant, exceeded expectations in its fiscal second-quarter results. The company reported an increase in earnings per share, with $2.56 adjusted compared to the expected $2.36. Moreover, Salesforce’s revenue of $9.33 billion surpassed the estimated $9.23 billion, showcasing an 8% year-over-year growth. A notable development was the announcement of the departure of
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Recent data shows that mortgage rates have fallen for the fourth straight week, with the average contract interest rate for 30-year fixed-rate mortgages decreasing to 6.44%. This marks a significant drop from rates a year ago, with rates being more than 80 basis points lower. Despite the decrease in mortgage rates, there seemed to be
Former President Donald Trump’s economic proposals have been analyzed to have a significant impact on federal deficits over the next decade. The nonpartisan Penn Wharton Budget Model conducted a study which revealed that Trump’s policies would result in an increase of $5.8 trillion in deficits. This is a substantial amount, almost five times more than
The recent merger between Amazon aggregators Branded and Heyday is set to shake up the e-commerce industry. The two companies will form a new entity called Essor, meaning “take flight” in French. This move symbolizes their shared vision of elevating brands to new heights through their platform. With an expected annual revenue of $400 million,
The announcement made by the Harris campaign regarding the $40 million raised following Vice President Kamala Harris’ speech at the Democratic National Convention is undoubtedly impressive. The fact that this brings the total amount raised for Harris’ election campaign to $540 million since President Joe Biden’s exit from the race is a significant milestone. These
Boeing will be bringing back its Starliner capsule from the International Space Station without the NASA astronauts it delivered to orbit in early June. This is a significant shift from their original plans, as NASA has now opted to have astronauts Butch Wilmore and Suni Williams return via SpaceX’s Dragon spacecraft instead. The decision to
Chinese electric vehicle manufacturers facing tariffs in the U.S. have turned their attention to Mexico as a new market for their high-tech cars. Last year, China became the leading car supplier to Mexico, exporting vehicles worth $4.6 billion. The affordability of Chinese EVs, such as the BYD Dolphin Mini, priced at 398,800 pesos ($21,300) in
Philadelphia Federal Reserve President Patrick Harker recently made a bold statement supporting an interest rate cut in September. This comes at a time when officials are meeting to discuss the future of monetary policy, with a strong indicator that easing is necessary to prevent potential weakness in the economy. Harker emphasized the need to start
Vice President Kamala Harris has shattered records by raising close to $500 million in just one month following President Joe Biden’s exit from the presidential race. This incredible amount includes contributions to Harris’ campaign as well as various fundraising entities associated with her electoral efforts. There is an anticipation that this number will surge to
Waymo, the leader in the autonomous vehicle industry, has been making waves with its impressive growth. According to a recent LinkedIn announcement by co-CEO Tekedra Mawakana, Waymo is now providing over 100,000 paid robotaxi rides per week in the U.S. This marks a significant increase from the 50,000 weekly paid trips reported just a few