Microsoft Corp
5 things to know before the stock market opens Thursday
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Another weak morning for stocks Just days ago, investors toasted a winning week in the […]
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Netflix partners with Microsoft on ad-supported subscription plan
The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. “Microsoft has the proven ability to support all our needs as we together build a new ad supported offering. […]
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Bill Gates donates $20 billion to personal foundation as it works to ramp up spending
Bill Gates, co-founder of Microsoft and Chair of the Gates Foundation, walks to a morning session during the Allen & Company Sun Valley Conference on July 08, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Bill Gates announced Wednesday he’s donating $20 billion to the Bill & Melinda Gates Foundation this month as […]
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 5% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight […]
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Microsoft cuts small percentage of employees as new fiscal year begins
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, […]
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Video game sales set to fall for first time in years as industry braces for recession
The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract […]
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Chips drive Samsung’s highest second-quarter profit since 2018, but demand is cooling
People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images […]
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Citi names its ‘highest conviction ideas’ for the second half of 2022 — and gives one upside of 85%
Citi has named a raft of stocks it thinks could do well in the second half of 2022, as investors continue to navigate market uncertainty and hot inflation. Stock markets suffered steep losses in the first six months of this year as an unrelenting sell-off brought major indexes to their knees. The S & P […]
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Microsoft’s $69 billion Activision takeover faces competition probe in the UK
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard’s games character. Dado Ruvic | Reuters The U.K.’s competition watchdog on Wednesday opened an investigation into Microsoft’s acquisition of video game publisher Activision Blizzard. It marks one of the first probes by a major antitrust enforcer into the $68.7 billion deal, which was […]
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