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sales force reported better-than-expected quarterly results on Wednesday, but the cloud software vendor’s full-year outlook was slightly below Wall Street expectations. The stock price was little changed in extended trading. The company’s performance against LSEG Consensus is as follows:Earnings per share: $3.88 adjusted vs. $3.12 expected Revenue: $11.13 billion vs. $11.05 billion expectedSales for the quarter ended April 30 increased 13% compared to the same period last year, the company said in a statement. Net income was $2.11 billion, or $2.42 per share, up from $1.54 billion, or $1.59 per share, in the year-ago period. Adjusted net income excludes the…

U.S. Secretary of Defense Pete Hegseth speaks during a press conference at the Pentagon on May 5, 2026, in Arlington, Virginia. Chip Somodevilla | Getty ImagesThe Pentagon on Wednesday announced a five-year agreement worth about $9.7 billion. Dell Provides a suite of software to the US military. This award, known as microsoft The Department of the Army Enterprise Software Contract II Core Enterprise Technology Contract requires Dell to provide Microsoft 365, advanced cloud subscriptions, and on-premises licensing capabilities.The company’s government services division, Dell Federal Systems, won the contract after a competitive process, Pentagon Chief Information Officer Kirsten Davis and acting…

Republicans in the southern state of Alabama have petitioned the U.S. Supreme Court to approve congressional election maps that were previously ruled racially discriminatory.The state’s Republican leaders on Wednesday asked the high court to rule by Monday so the map can be used in the 2026 midterm elections.Recommended stories list of 3 itemsend of listPreviously, in 2023, the Supreme Court refused to overturn a lower court’s ruling that the map violated the ban on racial discrimination under the Voting Rights Act of 1965.The law has long been one of the few limits on partisan redistricting, also known as gerrymandering.Although there…

Database provider ClickHouse’s annual revenue run rate exceeded $250 million, triple its business last year, co-founder and president of products and technology Yury Izrailevsky told TechCrunch. Isralewski expects sales to reach high nine digits by the end of the year. ClickHouse was valued at $15 billion in January following a $400 million Series D funding round led by Dragoneer Investment Group. The latest valuation implies a significant multiple of more than 60 times annual earnings. Izrailevsky (pictured left) said the less-than-five-year-old company could go for an IPO within the next few years due to its rapid revenue growth and premium…

Snowflake CEO Sridhar Ramaswamy poses in front of the company’s sign outside the New York Stock Exchange on September 30, 2025.new york stock exchangeAmazon On Wednesday, the company’s cloud division announced it had committed to spending $6 billion. snowflakeThis includes the use of the company’s custom silicon and chips for artificial intelligence. Snowflake’s purchase of services and technology from Amazon Web Services will be over a five-year period, according to a press release about the deal. Snowflake plans to expand its use of Amazon’s Graviton general-purpose chips and cloud-based graphics processing units for AI.This is the latest sign that AWS…

White House Chief of Staff Stephen Miller speaks with reporters outside the West Wing of the White House on August 29, 2025 in Washington.Andrew Caballero-Reynolds | AFP | Getty ImagesThe US national debt rose by more than 100% of gross domestic product (GDP) last month, putting the country on track to break the record of 106% of gross domestic product (GDP) set in 1946 after World War II. The nonpartisan Congressional Budget Office predicts the record will be broken at a pace around 2029, when President Donald Trump’s term ends. The president’s deputy chief of staff, Stephen Miller, said at…

For China’s top AI researchers, borders are rapidly closing. Researchers, startup founders and executives from private companies are currently subject to travel restrictions, with some industry figures reportedly required to obtain government approval before traveling abroad. The restrictions reflect a broader shift in how the Chinese government manages brain drain in the AI ​​field, with demand for talent training and fine-tuning AI models surging as the global technology industry taps into this new avenue in search of growth. In March 2025, the Wall Street Journal reported that Chinese authorities were advising top AI founders and researchers to avoid traveling to…

The CNBC Investment Club held its May monthly meeting on Wednesday, with Jim Cramer and Director of Portfolio Analysis Jeff Marks in attendance, covering all 33 stocks in the portfolio. Jim gives his unvarnished view on stocks and spotlights four of his favorite stocks that new club members can buy. Jeff also detailed the two new positions and why we started them. One of the themes Jim emphasized was the importance of diversification, even when one dominant theme is driving the market. Now, artificial intelligence is winning. There are many AI winners. But our discipline as long-term investors requires us…

There are only 3 days left to save up to $410 on tickets to TechCrunch Disrupt 2026. Early bird pricing ends on May 29th at 11:59pm PT, and ticket prices will increase after the deadline. If you’re planning on attending one of the tech industry’s most influential gatherings this year, now is the time to secure your pass before prices go up again. Disrupt: Where the technology ecosystem is moving forward TechCrunch Disrupt, held October 13-15 at Moscone West in San Francisco, will bring together more than 10,000 founders, investors, operators, and innovators who are driving the future of technology.…

Traders work on the floor at the opening bell of the New York Stock Exchange, May 27, 2026, New York.Angela Weiss | AFP | Getty Imagesof Dow Jones Industrial Average It rose to a new record on Wednesday as oil prices fell. S&P500 Semiconductor stocks lost momentum and fell.The 30-stock index rose 201 points, or 0.4%, and the market-wide S&P 500 index rose 0.1%. of Nasdaq Composite It also rose 0.1%.Falling oil prices provided some support to the Dow. usa crude oil Oil prices fell 5% to around $88 a barrel after Iranian state media said the country was working…