AI
Nvidia Q2 sales likely to double, even a slight miss may hurt shares
Investors used to Nvidia’s blockbuster results will be expecting even more from the artificial intelligence chip giant.
$120
Costco Increasing Membership Fees For First Time In 7 Years
Costco announced on Wednesday that it will be raising its membership fees at the start of September, leading to its first price hike since 2017.
$24.8 billion
Boeing Agrees To Plead Guilty To Criminal Fraud Charges Related To 737 Max Crashes
Boeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes that killed 346 people after the government determined the company violated an agreement that had protected it from prosecution for more than three years.
10-for-one stock split
Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances
Nvidia shares were soaring 10% afternoon after the company announced a 10-for-one stock split as part of a blockbuster quarterly report.
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Alphabet debuts beefed-up AI search and chatbot as competition heats up
The flurry of announcements underscores Google’s efforts to refresh its products since Microsoft-backed OpenAI’s 2022 launch of ChatGPT dazzled the public.
adjusted EBITDA
Warner Bros. Discovery Reveals $966M Loss, Impaired By Decreased Ad Sales And Hollywood Strikes
Warner Bros. Discovery posted a steep quarterly loss that was higher than anticipated.
ad revenue
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Amazon
Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%
Peloton’s Chief Executive Officer has officially stepped down from the role as the popular fitness company is planning to cut 15% of its global workforce.
Agreements
Comcast pulls Bally Sports channels, imperiling US broadcaster’s restructuring
Comcast stopped broadcasting Bally Sports channels taking some MLB games off the air.
AI services
Exclusive: OpenAI’s Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
Altman has hosted hundreds of Fortune 500 company executives in hopes he and other OpenAI executives pitched AI services for corporate use