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Business

“Microsoft earnings up as cloud business continues its expansion”

“Microsoft reported better-than-expected earnings and revenue for the three months ending in December, easily beating analysts’ estimates and sending its stock up 3% in after-hours trading Wednesday… Sales at Microsoft grew 14% from the prior year to $36.9 billion in… Continue Reading…

Stocks

“Stocks close at records after strong data, earnings”

“The S&P 500 was up nearly 2% for the week. The Dow rose 1.8%, and the Nasdaq climbed 2.3% on a weekly basis. Here’s where the markets settled at the end of regular equity trading: S&P 500 (^GSPC): +0.39% or… Continue Reading…

Economy

“America’s lowest earners are powering the economy…”

“Of course, this is basically true all the time — consumer spending accounts for about 70% of GDP growth. But right now, investors see slowing manufacturing activity, slowing corporate investment, and slowing global growth as putting even more pressure on U.S. consumers… Continue Reading…

Stocks

“Twitter stock tumbles 20% after company says advertising bugs weighing on earnings”

“Twitter Inc. shares were tanking in premarket trading Thursday after bugs in the company’s advertising platform led to misses across the board on its financial metrics, even as user growth proved more rapid than expected. The stock was off nearly… Continue Reading…

Business

“Microsoft hits $1 trillion market cap after earnings beat estimates”

“Microsoft shares are trading near a record after rallying 34% over the past year. The stock climbed past $130.50 in extended trading, pushing the market cap over $1 trillion. Sales jumped 14% in the latest quarter, driven by the company’s… Continue Reading…