Microsoft MSFT reported second-quarter fiscal 2023 earnings of $2.32 per share, which beat the Zacks Consensus Estimate by 2.2% but declined 6.5% on a year-over-year basis.Revenues of $52.7 billion increased 2% year over year but missed the Zacks Consensus Estimate by 0.3
Artificial Intelligence, also known as AI, describes the technology that uses computers to mimic human knowledge and learning. While AI has been a well-known buzzword for years, the rollout of ChatGPT has catapulted it to the mainstream. ChatGPT (stands for Generative Pre
Technology stocks were retreating premarket Wednesday. The Technology Select Sector SPDR Fund (XLK) and the iShares Semiconductor ETF (SOXX) were each recently slipping past 1%.
January has been great for the Nasdaq Composite (NASDAQINDEX: ^IXIC), as the index has mounted a solid recovery to claw back some of its lost ground from 2022. However, investors can't expect the Nasdaq to rise every day, and stock index futures suggested that Wednesday might be
Microsoft Corp's lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy.
European Union antitrust enforcers are planning to open an antitrust probe into Microsoft Corp's video and messaging service, Teams, Politico reported on Wednesday, citing four people familiar with the matter.
World stocks paused near five-month highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening by big central banks was almost done.
Futures tracking Canada's main stock index fell on Wednesday, as investors feared the Bank of Canada will opt for further interest rate hikes later in the day, while dour corporate earnings in the U.S. added to the gloom.
Snowflake (NYSE: SNOW) was one of the hottest growth stocks in 2020 and 2021. The cloud-based warehousing company went public at $120 per share in September 2020, and its stock more than doubled to $245 on its very first trade.
The iShares Core S&P 500 ETF (IVV) was launched on 05/15/2000, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
Earnings from major European companies on Wednesday offered some reasons for optimism about the region's corporate health, even as investors worry about the slowing global economy.
Nasdaq futures fell more than 1% on Wednesday as Microsoft led declines in tech stocks after it forecast current-quarter cloud revenue below Wall Street estimates.
For the quarter ended December 2022, Microsoft (MSFT) reported revenue of $52.75 billion, up 2% over the same period last year. EPS came in at $2.32, compared to $2.48 in the year-ago quarter.
World stocks paused near five-month highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening among big central banks is almost done.
Microsoft Corp said on Wednesday it was investigating an issue impacting multiple services including Teams and Outlook, with outage reports saying the platforms were down for thousands of users globally.
Asian equities scaled their highest levels in seven months on Wednesday after some regional markets reopened after holidays, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely.
After a strong start to the year, fuelled by hopes that the outlook for the world economy was not shaping up as bad as expected a few months ago, stocks are finally taking a breather.
Asian equities extended their winning run to scale their highest levels in seven months on Wednesday, with South Korean stocks leading the way, and the Australian dollar hit multi-month highs as surging inflation made higher interest rates more likely.
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