Why is Azure smoking AWS and Google Cloud? UBS has some theories.

Analysts at UBS have been looking at the performance of the big three cloud computing businesses: Google Cloud, Amazon’s AWS, and Microsoft’s Azure.

Azure is beating its rivals, showing a strong 66% sequential revenue growth in its Q1 earnings.

UBS thinks a combination of different factors could be at play:

An increase in enterprise customers finally migrating to the cloud
Migration of Microsoft legacy server customers to Azure
Customers flocking to Azure’s “industry-leading” stack for AI services
Partner OpenAI may have made a substantial Azure commitment

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Tesla Will Open Up Its Chargers To Other Brands, In Order To Receive Federal Subsidies

After a big pullback for EVs, climbing gas prices are causing drivers to eye them again

Still, the market is much different than it was the last time oil prices were this high.

Max Knoblauch3/13/26

Hyunsoo Rim

burgernomics

3/13/26

McDonald’s plans $3 menu items as fast food loses its price edge

Americans are spending more of their dining-out dollars at full-service restaurants again.

Fast food value meals for Trending feature in Food

Rani Molla3/12/26

How Tesla quietly wound up owning a small piece of SpaceX

Tesla is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO.

Here’s what happened: Tesla announced its xAI investment in late January, after a shareholder proposal to invest fell short last year. Several days later, xAI merged with SpaceX. All three companies are headed by Musk.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Tesla Converts xAI Investment Into SpaceX Stake Ahead of IPO

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Tom Jones

big red

3/10/26

Just how huge is YouTube, anyway?

Google’s video platform is now the world’s largest media company, per new MoffettNathanson research.

Presentation of the YouTube Podcast Awards

Southwest Airlines At San Diego International Airport

Southwest stopped fuel hedging a year ago. Whoops.

It’s been a year since Southwest said it would end its fuel-hedging program. Oil’s moves this year make that decision look like a mistake.

Max Knoblauch3/9/26

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