Stargate UAE is Open AI’s first international AI hub, partnering with global tech firms and the U.A.E. to expand AI infrastructure and provide nationwide ChatGPT Plus access.
Kitchenware and home goods retailer Williams-Sonoma (NYSE:WSM) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 4.2% year on year to $1.73 billion. Its GAAP profit of $1.85 per share was 5.4% above analysts’ consensus estimates.
Microsoft Corp. (NASDAQ: MSFT) has positioned former Meta Platforms Inc. (NASDAQ: META) engineering chief Jay Parikh to spearhead its CoreAI division, implementing operational changes and cultural shifts as the tech giant advances its "age of AI agents" strategy under CEO Satya Nadella.
Elon Musk's Department of Government Efficiency initiative has assigned a review team to examine operations at the National Transportation Safety Board, marking another expansion of DOGE's oversight into independent federal agencies amid mounting transportation safety concerns.
The State Department's Bureau of Population, Refugees and Migration will assume leadership of U.S. overseas disaster response operations from the dismantled U.S. Agency for International Development, raising concerns among disaster relief experts about the office's preparedness for managing international humanitarian crises.
Microsoft is facing internal backlash and allegations of censorship after reportedly blocking emails containing terms like "Palestine" and "Gaza," amid growing employee protests over its contracts with the Israeli government.
Data warehouse-as-a-service Snowflake (NYSE:SNOW) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 25.7% year on year to $1.04 billion. Its non-GAAP profit of $0.24 per share was 13.1% above analysts’ consensus estimates.
Clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) announced better-than-expected revenue in Q1 CY2025, with sales up 10.7% year on year to $1.33 billion. Its GAAP profit of $1.16 per share was 39.6% above analysts’ consensus estimates.
Zoom stock climbed after the communications software maker reported Q1 earnings that topped estimates while revenue guidance edged by Wall Street targets.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI) fell 9.8% in the afternoon session after the company slashed its quarterly dividend to $0.25 from $0.80 in the previous quarter. Management acknowledged that the prior dividend level was unsustainable given current profitability. While painful for investors, the cut was intended to preserve cash and maintain financial flexibility in response to growing macroeconomic uncertainty and the risk of rising costs from potential tariffs.
