Cheap AI could derail OpenAI and Anthropic's IPO plans

RBNZBreman says interest rates will need to move higher as inflationary pressures loom; export firms performing well but wary of global uncertainty.

RBNZBreman says policymakers expect inflationary pressures ahead and agree that interest rates will need to move higher, while export-oriented firms are performing well but remain concerned about global uncertainty.

Salesforce Q1 revenue rises 13% to $11.13B, beating estimates; Agentforce ARR jumps 205% to $1.2B; Q2 forecast misses expectations.

Salesforce reported Q1 revenue of $11.13B, up 13% YoY, beating estimates of $11.05B. Agentforce annual recurring revenue surged 205% to $1.2B. The company forecast Q2 revenue below analysts' expectations.

Snowflake Q1 revenue rises 33% to $1.39B, beating estimates; stock jumps 29% after hours

Snowflake's Q1 revenue rose 33% year-over-year to $1.39 billion, beating analyst estimates of $1.32 billion. The company also announced a $6 billion commitment to AWS over five years, sending shares up over 29% in after-hours trading.

Fed's Cook expects disinflation to resume, stands ready to raise rates if needed

Federal ReserveLisa Cook stated in her baseline forecast that disinflation should resume in the coming months without the need for rate hikes, but she is prepared to raise rates if expected disinflation does not materialize.