Business

7 hours ago CrowdStrike shares fall after Delta seeks damages after outage Delta has hired attorney David Boies to seek damages against CrowdStrike and Microsoft after an outage earlier this month led to thousands of flight cancellations, CNBC reported. News of the case, reported by CNBC’s Phil LeBeau, sent CrowdStrike’s shares down 5%. Microsoft’s shares…

McDonald’s CEO Chris Kempczinski says low-income consumers are eating at home and finding other ways to save money. McDonald’s has reported its first global sales decline in more than three years as inflation-weary consumers seek cheaper options and cut back on eating out. McDonald’s global sales fell 1% in the April-June period, the fast-food giant…

Meta is opening up the ability for anyone in the United States to create AI versions of themselves on Instagram or the web, with a new tool called AI Studio. The idea is that creators and business owners will use these AI profiles to talk to their followers on their behalf. They’ll be able to…

Federal health officials are once again urging people to check their spice racks and cupboards for certain cinnamon products after tests found lead in several additional brands. According to the U.S. Food and Drug Administration (FDA), short-term exposure to very low levels of lead may not cause symptoms, but long-term exposure to the metal can…

Microsoft (MSFT) will report its fiscal fourth-quarter results after the close on Tuesday, as Wall Street continues to look for signs that the massive wave of AI investment among big tech companies is starting to pay off. Microsoft is expected to post earnings of $2.94 per share on revenue of $64.5 billion for the quarter,…

Table of sources and uses WASHINGTON – The U.S. Treasury Department today announced its current estimates of net marketable debt held by the private sector.[1] for the quarters July – September 2024 and October – December 2024. During the July-September 2024 quarter, the Treasury plans to borrow $740 billion of net marketable debt held by…