Microsoft Gives Downbeat Outlook after Signs of Softer Cloud Demand
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Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
Microsoft has more demand than supply for running artificial intelligence models in the cloud.CNBC - Business - Microsoft -
Microsoft's profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.
Microsoft’s profit rose last quarter as AI bolstered demand for its software and cloud services, prompting the company to spend heavily on infrastructure to accommodate the appetite for the technology.The Wall Street Journal - World -
Microsoft cloud growth accelerates on back of AI push
Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in October.CNBC - Business - Microsoft -
Microsoft’s cloud sales receive a boost from AI
Big Tech group’s shares rise 4% after-hours after better than expected earningsFinancial Times - Business - Microsoft -
Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - World -
STMicroelectronics Cuts Sales Outlook as Demand Slows
STMicroelectronics lowered its full-year sales guidance after posting first-quarter revenue below forecast, as the demand for chips in the automotive sector slowed.The Wall Street Journal - Business -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.The Wall Street Journal - World -
BNP Paribas Confirms Outlook After Earnings Beat
BNP Paribas backed its guidance for 2024 as it reported better-than-expected first-quarter earnings despite some weakness in its fixed income unit.The Wall Street Journal - Business -
TSMC Shares Fall After Downgrading 2024 Global Chip Outlook
Shares of Taiwan Semiconductor Manufacturing fell sharply as investors’ worries about the chip maker’s cautious outlook for the industry eclipsed its upbeat first-quarter financial results.The Wall Street Journal - Tech -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Biden speaks after signing $95 billion foreign aid package into law
President Biden spoke from the White House Wednesday after signing into law a $95 billion foreign aid package that will send money to Israel, Ukraine and Taiwan. The president had been pushing Congress on the legislation for months. CBS News chief ...CBS News - Top stories - Joe Biden -
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
US president says ‘we need to move fast’ as Ukrainian troops falter on front linesFinancial Times - Business - Joe Biden -
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
US president says ‘we need to move fast’ as Ukrainian troops falter on front linesFinancial Times - Business - Joe Biden -
Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill
US president says ‘we need to move fast’ as Ukrainian troops falter on front linesFinancial Times - Business - Joe Biden -
Michelin Backs Targets After Weaker Demand Hurts Sales
Sales for the French tire manufacturer fell to €6.64 billion from €6.96 billion in the first quarter of last year.The Wall Street Journal - Business -
Biden campaign to stay on TikTok after president signs bill that could ban app
The Biden campaign plans to continue using TikTok to reach voters and spread its message even after the president signed legislation that could lead to a ban on the popular app several months down the road. A Biden campaign official told The Hill ...The Hill - Politics - Joe Biden -
Microsoft shares jump 4% after the big AI winner delivers in all the right places
Once again, Microsoft touted share gains as more and more customers used Azure's platforms and tools to build their own AI solutions.CNBC - Business - Microsoft -
American Airlines Gives Upbeat Guidance
The carrier’s shares climbed more than 4% premarket as it swung to a loss in the first three months of the year but provided a positive second-quarter forecast. The airline reduced its total debt by nearly $950 million.The Wall Street Journal - World - Travel -
'On Giving Up' Review: Taking No Sides
To give up can mean to quit a habit, such as smoking, or to lose enthusiasm for living. What connects these notions philosophically?The Wall Street Journal - World -
Ukraine uses longer-range US missiles for first time
Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.BBC News - Top stories - Ukraine -
Biden needs to give Putin something to worry about
Anything would be more persuasive than Biden's "don't."The Hill - Politics - Joe Biden -
America needs to treat ‘the cloud’ as critical infrastructure
Microsoft’s cut-throat approach is a national security risk the United States cannot abide.The Hill - Politics -
Potential TikTok ban signed into law
President Biden signed into law a foreign aid bill that also includes a provision that could ban TikTok. ByteDance, the Chinese company that owns the popular social media platform, will have to sell it within a certain period of time in order to ...CBS News - Top stories - Tiktok -
A GDP Warning as Signs of Stagflation Appear
Slower growth and persistent inflation explain why voters feel glum about the economy.The Wall Street Journal - World -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - World -
S&P Cuts Boeing's Ratings Outlook to Negative
A purchase of Spirit AeroSystems would “introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery,” the agency said.The Wall Street Journal - Business -
Biden Administration Requires Airlines to Give Automatic Refunds for Canceled Flights
The Biden administration will require airlines to automatically provide cash refunds when flights are canceled and to disclose fees like checked bag costs earlier in the booking process under two new rules.The Wall Street Journal - World - Joe Biden -
JPMorgan CEO Jamie Dimon Gives a Soft Landing Long Odds
Jamie Dimon says the U.S. consumer is in good shape right now, but a huge fiscal deficit and geopolitical challenges make him cautious about the future. He sits down with our editor in chief.The Wall Street Journal - World -
The NFL draft gives players a chance to flaunt their style on the red carpet
The NFL draft gives players a chance to flaunt their styleABC News - Sports - NFL -
Why Microsoft’s earnings are all about ‘surviving and advancing’
Big AI gains could be ahead for Microsoft, but Thursday afternoon’s earnings may illustrate a more gradual ramp.MarketWatch - Business -
Microsoft Hopes to See Continued AI Mania
Investors will be watching how enthusiasm over artificial intelligence technology is fueling demand for Microsoft’s cloud services.The Wall Street Journal - World - Microsoft -
Watch the Full Interview
JPMorgan Chase CEO Jamie Dimon discusses his concerns about the future of the economy, the effect of overseas wars and the importance of U.S. leadership in a wide-ranging interview with WSJ’s Emma Tucker.The Wall Street Journal - World -
Microsoft CEO to Visit Southeast Asia With AI on Agenda
Satya Nadella will meet officials in Indonesia, Thailand and Malaysia next week, as the tech titan is betting on generative AI for long-term growth.The Wall Street Journal - Tech - Microsoft -
Humana’s stock falls as earnings outlook to remain unclear for months
Humana’s stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook ...MarketWatch - Business -
Merck beats earnings expectations, raises outlook on strong Keytruda and vaccine sales
The first-quarter results come as Merck shows substantial progress in preparing for Keytruda's patent expiration in 2028.CNBC - Business -
Russia-Ukraine war live: ‘mortal’ Europe needs stronger defence, says French president
Emmanuel Macron says Europe faces existential threat from Russian aggression and calls on continent to adopt ‘credible’ defence strategy. Russia has vetoed a UN security council resolution calling on all nations to prevent a dangerous nuclear arms ...The Guardian - World - France -
Room & Board Sets Up Employee Stock Ownership Plan, Giving Workers A Stake
Room & Board, the Minneapolis-based modern furniture retailer, is giving employees a financial stake in the company via a new employee stock ownership plan.The Wall Street Journal - World