6 h. ago Microsoft beats Wall Street expectations for fourth quarter in a row amid AI boom

Tech giant has committed to investing $80bn in artificial intelligence this fiscal year as it reveals revenue of $70.07bnMicrosoft released its quarterly earnings report on Wednesday after the New York stock market closed, beating Wall Street’s expectations for the fourth quarter in a row amid a financial boom for artificial intelligence businesses.The company revealed revenue of $70.07bn and earnings of $3.46 per share. The result exceeded analyst predictions that revenue would grow to $68.42bn, or 10.6% year-over-year, and that earnings-per-share would come in at $3.22. Continue reading...

Politics

6 h. ago Microsoft says quarterly profits up 18% as it weathers tech sector turbulence

Microsoft on Wednesday said its profits rose 18% for the January-March quarter, driven by its growth in its cloud computing and artificial intelligence business in a turbulent time for the tech sector

Politics

6 h. ago Microsoft to report earnings as AI financial boom shows no sign of slowing

Company has beaten Wall Street expectations in each of its previous three quarterly earnings reportsMicrosoft will report its earnings for the third quarter of the fiscal year after the stock market closes on Wednesday. Analysts have predicted that revenue would grow by 10.6% year-over-year to $68.4bn, even as the company plows tens of billions into artificial intelligence as well as earnings-per-share of $3.22. The company has beaten Wall Street’s expectations on each of its previous three quarterly earnings reports.Analysts said they view the earnings report as a temperature check on Microsoft’s artificial intelligence business, which has announced it will invest around $80bn in this fiscal year alone, though it has also terminated some data center leases in recent months. The company has invested billions in OpenAI in recent years, giving it a large stake in the ChatGPT developer. Continue reading...

Politics

8 h. ago Meta to report quarterly earnings amid tariff uncertainty and AI investment

Wall Street is projecting the company will post $41.36bn in revenue on $5.21 in earnings per shareMeta is set to report its first quarter earnings on Wednesday after the bell, and investors will be looking for news on whether the company met its quarterly revenue goals of somewhere between $39.5bn and $41.8bn.Wall Street is projecting the company will post $41.36bn in revenue on $5.21 in earnings per share. Continue reading...

Economics

10 h. ago Wall Street falls while FTSE 100 regains losses after US economy shrinks

The American economy contracted by 0.3% in the first three months of the year amid Donald Trump’s threats of sweeping trade tariffs.

Economics

23 h. ago Asian shares rise after gains on Wall Street as corporate profits pile higher

Shares are mixed in Asia after U.S. stocks rose again as companies reported stronger-than-expected profits

Economics

26 h. ago Top Trump adviser struggles to soothe investors in talks after market tumult

Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

Economics

27 h. ago Top Trump adviser struggled to soothe investors in talks after market tumult

Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

Economics

32 h. ago Wall Street banks predict GDP contraction after US trade deficit hits record

Companies rushed to import foreign products in March ahead of imposition of wide-ranging levies

Events

36 h. ago Regulation of AI chatbots is ‘muddled and confused’, charity warns

One online safety group has urged Ofcom to clarify and strengthen its approach to AI chatbots in the Online Safety Act.

Events

39 h. ago GM posts strong Q1 results, but will reassess expectations for 2025 due to auto tariffs

General Motors posted strong financial results for its first quarter on Tuesday, but says it will “reassess” its full-year financial outlook due to auto tariffs

Politics

5 d. ago Trump administration tipped off Wall Street execs about possible India tariff deal: Fox report

The move raises new accusations of insider trading by the Trump administration and its cronies

Economics

6 d. ago Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs

Tech giant exceeds Wall Street expectations despite 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share. Analysts had projected first quarter revenue of $89.2bn and earnings of $2.01 per share, according to consensus estimates. The global tariffs were not expected to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

6 d. ago Trump takes aim at Rupert Murdoch and Fox News after poll frames President in negative light

Trump asked Murdoch to ‘start making changes’ at the Wall Street Journal and get rid of a pollster at Fox News

Politics

6 d. ago Trump calls for Rupert Murdoch to fire staff at Fox News and the Wall Street Journal in furious Truth Social post: ‘It sucks!’

Trump asked Murdoch to ‘start making changes’ at the Wall Street Journal and get rid of a pollster at Fox News

Politics

6 d. ago Lindsay Lohan's father Michael's VERY troubled past from insider trading to domestic violence

Former Wall Street trader Michael's chequered past has been well documented ever since his daughter Lindsay rose to prominence as a child star in the nineties.

Events

6 d. ago Corporate America puts Wall Street on alert over damage from trade war

Executives use earnings calls to lay out costs and supply chain impacts from Donald Trump’s tariffs

Events

7 d. ago Trumpworld talks out of both sides of its mouth on tariffs and trade

Analysis: Trump’s tariffs might upset the tummy of Wall Street. But its the inconsistency that will give investors heartburn

Politics

7 d. ago US stocks end higher after Trump soothes Fed independence worries

Wall Street stages relief rally after president says he has no plans to fire Jay Powell

Politics

7 d. ago Jane Street trading revenues nearly doubled in 2024 to more than $20bn

Secretive US firm continued to make inroads into business once dominated by Wall Street heavyweights

Politics