3. Soft guidance from Salesforce
Enterprise software maker Salesforce’s shares slumped in off-hours trading after the company scaled back its outlook for the year. “Nearly everyone I’ve talked to is taking a more measured approach to their business,” company co-founder and co-CEO Marc Benioff said on a conference call with analysts. “We expect these trends to continue in the near term, and we’ve reflected this in our guidance.” Salesforce also approved a $10 billion share buyback program. It is also raising prices for Slack, the team messaging app it acquired last year for $28 billion as it became clear that hybrid work arrangements were going to stick around.
4. What's next for Amazon's health care push?
Amazon’s telehealth service, Amazon Care, will shut down at the end of the year. It marks a big step back for Amazon, although its ambitions in the health-care space remain robust. Amazon Care helped the company understand “what’s needed long-term to deliver meaningful health care solutions for enterprise and individual customers,” the service’s leader, Neil Lindsay, wrote in the memo. The company struck a deal to acquire primary-care provider One Medical last month, and it is reportedly bidding for Signify Health, a provider of home health services.
5. Written in the stars
September is right around the corner. That means it’s Apple season. The tech giant on Wednesday sent out cosmic-themed invitations to a big event Sept. 7, when it is expected to unveil the latest iPhones. Investors and consumers alike will be looking for whether Apple will jack up its already premium-level prices given supply chain issues and inflation, CNBC’s Kif Leswing writes. Apple could also unveil a new Apple Watch at the event.
— CNBC’s Carmen Reinicke, Lauren Thomas, Jordan Novet, Annie Palmer and Kif Leswing contributed to this report.
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