Microsoft Corp
Cloud stocks mount big rally led by UiPath, as investors bet tech valuations have bottomed
Daniel Dines, CEO, UiPath at company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beaten down […]
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Stocks making the biggest moves midday: Microsoft, Chewy, GameStop, MongoDB & more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the […]
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Amazon to shut down Kindle store in China
Amazon Kindle Getty Images Amazon will shut its Kindle ebook store in China next year, marking the latest retreat by a U.S. tech giant in the market. Kindle users in China will no longer be able to purchase new books after the ebook shop closes on June 30, 2023, Amazon announced on its Weibo account […]
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Microsoft lowers fourth-quarter guidance, citing unfavorable foreign exchange rates
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft shares slid more than 3% on Thursday after the company lowered its fiscal fourth-quarter guidance, citing unfavorable foreign exchange rate movement. In […]
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Microsoft revamps its budget Surface Laptop Go with more storage
Microsoft’s Surface Laptop Go 2 starts at $599. Microsoft Microsoft on Wednesday started taking preorders for the Surface Laptop Go 2, the first revision to its entry-level laptop. The PC starts at $599, an increase of $50 from the original Surface Laptop Go that Microsoft released in 2020. The tech giant is adhering to its […]
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Crypto deals help fuel NBA sponsorships to $1.6 billion in 2021-22 season, firm says
In this photo illustration a Coinbase logo is displayed on a smartphone with a NBA logo in the background. Thiago Prudencio | Sopa Images | Lightrocket | Getty Images Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships consultancy. […]
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Investment banks pick their top stocks to buy in the ‘beaten down’ tech sector
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now — with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America . “Tech is facing […]
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Help (mostly) wanted: A diverging job market boosts some workers’ prospects and puts others on notice
A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the U.S. labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more […]
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Tech investor Paul Meeks says avoid this FAANG stock, picks the ones he can ‘stomach’
Tech investor Paul Meeks identified the FAANG stock he would currently stay away from despite the recent rout in the broader sector, saying parts of the company’s business “could be in some trouble.” That company is e-commerce giant Amazon , whose shares have dropped more than 30% so far this year, as of the Thursday […]
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Microsoft exec tells employees in Windows and Office groups to be more cautious in hiring
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft is gearing up to pursue a more conservative approach to hiring in a part of the business that includes some of its […]
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