Microsoft reports quarterly sales up 16% to $65.6 billion as investors ask if AI spending worth it

Microsoft on Wednesday reported its quarterly sales grew 16% to $65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off

Tech - ABC News - 5 days ago

Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion

The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.

Tech - The New York Times - 5 days ago

Microsoft dips on weak guidance after beating on earnings

Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.

Business - CNBC - 5 days ago

Investors Want to See a Payout on Microsoft’s AI Efforts

As the tech giant readies a report of what’s forecast as its slowest quarterly growth in a year, shareholders want to see genuine demand for the AI applications it’s spent billions to develop.

Business - Inc. - October 28

Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.

Business - Inc. - 5 days ago

Amazon's satellite spending has investors on edge. The payoff may be worth the wait

Amazon is pouring money into satellite internet service Project Kuiper. Investors have questions on what it means for profits.

Business - CNBC - October 28

Harris, Trump and Allies Spend Over a Half-Billion Dollars in 16 Days

Donald Trump has now raised $1 billion since announcing his run for president. And he has Elon Musk’s $119 million. But Kamala Harris has a huge cash advantage.

Top stories - The New York Times - October 25

Boeing workers to vote on ending strike as company reports billions in quarterly losses

Striking Boeing workers are set to vote on a new contract offer Wednesday after the company announced a $6 billion loss in its third-quarter earnings. CBS News senior transportation correspondent ...

Boeing Awaits Strikers’ Vote, Reports $6 Billion Quarterly Loss

The 30,000 union workers who walked off the job six weeks ago vote on a new contract proposal as the plane maker keeps reeling from a brutal year.

Business - Inc. - October 23

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - 4 days ago

Apple sells $46 billion worth of iPhones over the summer as AI helps end slump

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Tech - ABC News - 4 days ago

Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.

Business - The Wall Street Journal - 4 days ago

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Microsoft’s new AI agents set to shake up enterprise software, sparking new battle with Salesforce

Microsoft launches autonomous AI agents for Dynamics 365, challenging Salesforce's Agentforce in the race to dominate enterprise AI and reshape the future of work.

Tech - VentureBeat - October 21

Apple reports robust demand for iPhone 16 even as overall sales in China slow

Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phone. Apple reported strong demand for the iPhone 16 in its quarterly earnings ...

World - The Guardian - 4 days ago

Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump

Putting artificial intelligence tech into its flagship product ensured the summer quarter had a positive turnaround.

Business - Inc. - 3 days ago

Hermès defies luxury gloom with strong sales

Paris house posts solid growth in contrast to rivals Kering and LVMH

Business - Financial Times - October 24

McDonald’s suffers second straight decline in quarterly sales

US fast-food chain hit by weakness in international markets as it promotes more discount meals

Business - Financial Times - 6 days ago

BYD quarterly sales beat Tesla for first time

Warren Buffett-backed Chinese carmaker’s revenues surge 24 per cent but fierce competition slims margins

Business - Financial Times - 6 days ago

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Boeing is about to show a big quarterly loss as investors wait for the strike to end

If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”

Business - MarketWatch - October 23

Tariff surge would damage global growth, IMF warns

In a forecast two weeks before US election the fund says greater protectionism would drag down world economy

Business - Financial Times - October 22

Microsoft Will Let Clients Build Their Own AI Agents

In November, customers can start using Copilot Studio to make their own AI apps to perform many routine tasks.

Business - Inc. - October 21

Microsoft boss gets 63% pay rise despite asking for reduction

Satya Nadella asked for a reduction because of cyber attacks the firm suffered - but still saw his earnings increase massively.

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

Business - The New York Times - October 28

Frontier's Second Biggest Investor Opposes Sale to Verizon

Frontier Communications’ second largest investor is the latest stakeholder to come out against the company’s proposed $9.6 billion acquisition by Verizon Communications.

Business - The Wall Street Journal - October 23

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - October 24

FirstFT: Twin scandals hit PwC’s Asia profits

Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?

World - Financial Times - October 29

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.

Tech - The New York Times - 4 days ago

LVMH shares down 7% after warning of ‘uncertain’ outlook

World’s largest luxury group hit by pullback in Chinese consumer spending

Business - Financial Times - October 16

Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time

The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.

Business - CNBC - 5 days ago

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Business - The Wall Street Journal - 4 days ago

Palantir is now worth $100 billion — and may be like Nvidia in one regard

Palantir is helping companies incorporate AI into their businesses — and one analyst says it’s succeeded “more than any company (not named Nvidia).”

Business - MarketWatch - October 28

Can Nashville Persuade Voters That a Sales Tax Increase Is Worth the Price?

Desperate to compete with other growing cities, Nashville’s leaders are trying once again to convince voters that a sales tax increase is worth the price.

Top stories - The New York Times - 23 hours ago

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

UK borrowing costs rise as Reeves’ spending plans unnerve investors

Ten-year gilt yield hits five-month high after chancellor’s first Budget

Business - Financial Times - 5 days ago

iPhone 16 and 16 Pro Step Up AAA Gaming On Mobile

With the iPhone 16 lineup of phones, both the base 16 and 16 Pro can play AAA games. How do they compare to one another? How has AAA gaming on iPhone improved in the last year?

Tech - GameSpot - October 16

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