Microsoft’s shares climbed 5.4% premarket and topped the stock’s all-time high of $59.56 after its FQ1 earnings exceeded expectations and sales of its cloud platform Azure more than doubled. EPS came in at $0.76 while […]
A strong US dollar pushed down stocks in early trading today. At 10 a.m. Eastern, the Dow Jones industrial average was down 91 points, the Nasdaq composite was down 7 points and the Standard & […]
Slack’s growth has slowed over the past five months to about half what it had been but still was about 33% in the latest period. Daily active users total 4 million, and paid users are […]
Nintendo rose 3.3% in Tokyo on news that the company plans to release a teaser video highlighting its new gaming console, codenamed NX, later today. The stakes are high for the unit as console gaming […]
CBS is the first major network to sign on for Google’s upcoming web TV service, and Google is also in advanced talks to add Disney, Viacom and 21st Century Fox channels to its skinny bundle. […]
The US residential real estate market made a bigger comeback last month than experts had expected. Contract closings for existing homes increased 3.2% compared with August, and the average price gained 5.6% compared with September […]
European Central Bank President Mario Draghi left investors disappointed Thursday by providing little clarity on future monetary policy. “There are no signs yet of a convincing upward trend in underlying inflation,” Draghi said, noting that […]
The Securities and Exchange Commission is preparing to review the exchange-traded-fund industry because of concern that asset inflow is increasing market volatility. The SEC might study the implications of increased ETF flow, as US-listed ETFs […]
Brazil’s central bank voted unanimously to reduce its benchmark interest rate from 14.25% to 14%, the first drop in four years. “The committee considers that the convergence of inflation toward the target in 2017 and […]
American Express’ stock price jumped 5.8% after the company reported third-quarter revenue that was higher than expected and raised its earnings forecast for 2016. The company plans to expand digital marketing, which aided the addition […]
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