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Wall St. slightly higher on Microsoft results, rate cut hopes

1 hour ago DieselGasoil Comments Off on Wall St. slightly higher on Microsoft results, rate cut hopes
(Reuters) – Wall Street’s main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall St. rises on Microsoft’s beat, rate cut euphoria

4 hours ago DieselGasoil Comments Off on Wall St. rises on Microsoft’s beat, rate cut euphoria
(Reuters) – U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New Read More

Microsoft shares hit record highs, powered by growing cloud sales

20 hours ago DieselGasoil Comments Off on Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft beats estimates, powered by growing cloud profits

21 hours ago DieselGasoil Comments Off on Microsoft beats estimates, powered by growing cloud profits
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft sales beat expectations as cloud growth slows

22 hours ago DieselGasoil Comments Off on Microsoft sales beat expectations as cloud growth slows
(Reuters) – Microsoft Corp (MSFT.O) beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Chief Read More

Wall Street rises as Fed’s Williams cements rate-cut expectations

22 hours ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams cements rate-cut expectations
NEW YORK (Reuters) – U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month. Traders work on the floor of the New York Stock Exchange in New Read More

Wall Street rises as Fed’s Williams bolsters rate-cut hopes

23 hours ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams bolsters rate-cut hopes
NEW YORK (Reuters) – U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank. Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan Read More

Wall Street falls as Netflix adds to earnings jitters

1 day ago DieselGasoil Comments Off on Wall Street falls as Netflix adds to earnings jitters
(Reuters) – Wall Street’s main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in U.S. subscribers in a downbeat start to results from high-growth companies. Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid Read More

Wall St. dips as trade worries weigh; Netflix tumbles

1 day ago DieselGasoil Comments Off on Wall St. dips as trade worries weigh; Netflix tumbles
(Reuters) – U.S. stock indexes edged lower on Thursday as investors awaited more developments around trade, while Netflix posted a surprise drop in U.S. subscribers, kicking off earnings for the FAANG group of stocks on a sour note. Traders work on the floor of the New York Stock Exchange in New York, United States, July Read More

Cloud growth fuels IBM profit beat

2 days ago DieselGasoil Comments Off on Cloud growth fuels IBM profit beat
(Reuters) – International Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud business. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo The company is relying on its cloud business Read More