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Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesShares of Salesforce popped more than 8% Wednesday, a day after the company reported third-quarter results that exceeded analysts' estimates for revenue and guidance and showed strong promise for its artificial intelligence offerings.Salesforce's revenue grew 8% year over year to $9.44 billion in its third quarter, up from the $9.34 billion expected by LSEG. The company's net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.Salesforce raised revenue guidance to between $37.8 billion and $38 billion for its fiscal 2025, up slightly from $37.7 billion to $38 billion it had previously reported. The new range...

Presidential candidate and Florida Governor Ron DeSantis speaks to a crowd on June 2, 2023 in Gilbert, South Carolina.Sean Rayford | Getty ImagesPresident-elect Donald Trump is considering replacing embattled defense secretary choice Pete Hegseth with Florida Gov. Ron DeSantis, according to two sources familiar with the decision-making. DeSantis is "very much in contention," one source said.Another told NBC News that Trump and DeSantis directly spoke about the issue."Trump talked to the governor and wants him to do it," a source familiar with the conversation told NBC News on Tuesday night.NBC News reported Tuesday that Hegseth's nomination is in jeopardy because as many as six GOP senators are wavering in their support for him.The Wall Street Journal first reported Tuesday night that DeSa...

Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP.Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.Education and health services led job creation, adding 50,000 positions on the month. That was followed by construction with 30,000 new jobs, trade, transportation and utilities with 28,000 additions, and the other services category, which contributed 20,000 jobs.Manufacturing lost 26,000 positions on the month. Businesses with fewer than 50 employees also reported a drop of 17,000.Wage growth accelerated, by 4.8%, a faster gain than October, the first time that has happened in 25 months."While overall growth for the m...

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery.The lawsuit from AG Brian Schwalb alleges that, since 2022, Amazon has "secretly excluded" two "historically underserved" D.C. ZIP codes from its expedited delivery service while charging Prime members living there the full subscription price. Amazon's Prime membership program costs $139 a year and includes perks like two-day shipping and access to streaming content."Amazon is charging tens of thousands of hard-working Ward 7 and 8 residents for an expedited delivery service it promises but does not provide," Schwalb said in a statement. "While Amazon has every right to make operational cha...

Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Subscription revenue also beat analyst expectations. Dollar Tree — The stock rose more than 4% following the discounter's better-than-expected third-quarter results . Dollar Tree earned $1.12 per share on revenue of $7.56 billion. That's better than the LSEG consensus estimates of $1.07 per share on $7.44 billion in revenue. The company also announced that CFO Jeff Davis would step down from his role. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted...