Microsoft Corp
OpenAI says nonprofit will retain control of company, bowing to outside pressure
Sam Altman, CEO of OpenAI, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, on Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI has bowed to pressure from civic leaders and ex-employees, announcing in a blog post on Monday that its nonprofit would retain […]
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Rich countries ‘owe it to the world’ to get themselves down to net zero emissions: Bill Gates
Bill Gates at The 11th Breakthrough Prize Ceremony held at Barker Hanger on April 05, 2025 in Santa Monica, California. (Photo by Gilbert Flores/Variety via Getty Images) Gilbert Flores | Variety | Getty Images SINGAPORE — Rich countries “owe it to the world” to get themselves down to net zero emissions, according to Microsoft founder […]
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These overbought stocks could be due for a pause
Several tech heavy hitters could see a pullback after this week’s runup, if this technical indicator is any guide. Stocks have made a strong comeback since President Donald Trump’s early April tariff announcements triggered a sell-off. The reversal began after a temporary reduction in tariff rates for most countries was put in place. However, a […]
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European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
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Hong Kong stocks lead gains in Asia as China evaluates possibility of trade talks with the U.S.
Hongdae street in Seoul city, South Korea Twenty47studio | Moment | Getty Images Asia-Pacific markets rose after China said that it was evaluating possible trade talks with the U.S. Markets in the region also trailed gains on Wall Street after all three key benchmarks advanced overnight on optimism that a slowdown in the global economy […]
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S&P 500 futures rise as China signals openness to trade talks with U.S.: Live updates
Traders work on the floor of the New York Stock Exchange on May 1, 2025. NYSE S&P 500 futures rose Thursday evening as investors cheered China’s announcement that it is evaluating the possibility of starting trade negotiations with the U.S. Futures tied to the broad-based index added 0.68%. Dow Jones Industrial Average futures jumped 0.82% […]
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CNBC Daily Open: Apple and Amazon beat expectations, but not all’s rosy underneath
A person walks by the Apple store on Fifth Avenue in New York City, U.S., May 1, 2025. Kylie Cooper | Reuters For the quarter that ended in March, Apple and Amazon reported top- and bottom-line numbers that beat analysts’ expectations, joining their fellow “Magnificent Seven” counterparts Alphabet, Microsoft and Meta Platforms on the podium. […]
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Amazon falls short on cloud revenue for third straight quarter
Amazon CEO Andy Jassy speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon’s cloud business grew at a slower pace than expected in the first quarter, a third straight revenue miss. Revenue at Amazon Web Services increased 17% to $29.27 billion, while analysts polled […]
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Big Tech has completely reversed its April tariff sell-off and is boosting confidence on Wall Street
A strong pair of earnings reports from Microsoft and Meta Platforms appears to have reignited excitement around the artificial intelligence trade and may be, at least temporarily, pushing tariff worries from investors’ minds. The postearnings rallies for both stocks helped push the Roundhill Magnificent Seven ETF (MAGS) back above its April 2 close, which occurred […]
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Amazon reports first-quarter earnings after the bell
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, Feb. 26, 2025. Brendan McDermid | Reuters Amazon is slated to announce its first-quarter earnings after the market close Thursday. Here’s what analysts are looking for: Earnings per share: $1.36 expected, according to LSEG Revenue: $155.04 billion expected, according to […]
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