Oracle surprised analysts on Tuesday when it provided less insight than usual into its growing cloud business in its quarterly earnings statement, and now some analysts are raising concerns. Cloud represents a growth opportunity for Oracle, which gets much of its revenue by selling software that’s meant to run in companies’ data centers. The situation […]

Dr. Atul Gawande will lead the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway, the three companies announced Wednesday. Berkshire Hathaway CEO Warren Buffett, J.P. Morgan CEO Jamie Dimon and Amazon CEO Jeff Bezos announced a partnership in January to tackle rising health-care costs. They will form a new company for the venture, […]

AMC will soon offer a MoviePass-like subscription movie membership, granting moviegoers access to three screenings a week for $19.95 a month, the company said Wednesday. The new premium membership level, dubbed AMC Stubs A-List, joins existing membership offers that could earn you discounts on concessions and rewards points. This is the first time AMC will […]

The newly combined AT&T-Time Warner is looking to reinvent advertising — but to do so, it needs to buy more technology, AT&T Advertising and Analytics CEO Brian Lesser told CNBC on Wednesday. Lesser, who spoke on “Squawk Box” from the Cannes Lions advertising and marketing festival in France, dodged questions about a Wall Street Journal […]

Walt Disney Co. raised its bid for Twenty-First Century Fox‘s movie and television assets to $71.3 billion, the companies announced on Wednesday. The new deal is $38 a share, up from Disney’s $28 a share offer in December, and rivaling Comcast‘s $35 a share all-cash bid last week. Comcast’s deal is valued at $65 billion. […]

Goldman Sachs CEO Lloyd Blankfein does not own bitcoin, but he did not rule out Tuesday the cryptocurrency having a future. During a talk at the The Economic Club of New York, the banker struck an optimistic tone on bitcoin. He explained how the world moved from gold to fiat currencies that we have today […]

The cryptocurrency world has its detractors, with J.P. Morgan CEO Jamie Dimon and legendary investor Warren Buffett topping a long list. But, sometimes it seems to be inviting ridicule. Eidoo, a company that bills itself as a cryptocurrency wallet and exchange, commissioned a 3-meter bronze sculpture showing a pregnant woman with a baby in her […]

Following the Wednesday announcement of sweeping corporate changes that are set to go into effect over the next few years, Australian telecommunications company Telstra’s stock fell to 7-year lows. Speaking with CNBC’s “Capital Connection,” the company’s CEO, Andrew Penn, said the changes — which will include 8,000 job cuts — were needed because the company […]

The Trump administration ratcheted up its criticism of China in a report released by the White House on Tuesday detailing its claims of “economic aggression” by the Asian giant. The 35-page report titled “How China’s Economic Aggression Threatens the Technologies and Intellectual Property of the United States and the World” came a day after President […]

Jack Ma may be seen today as an e-commerce visionary, but the billionaire businessman has revealed that he was first inspired to build his empire by the dreams of another Asian icon: Malaysia’s current prime minister. The Alibaba founder told reporters on Monday of how Prime Minister Mahathir Mohamad’s plans to turn Malaysia’s capital into […]