Trends - Microsoft Corp - Business Recorder

Markets

Wall Street Week Ahead: Tech giants' earnings may be another test for markets at new highs

NEW YORK: Investors are homing in on a flood of earnings reports from Wall Street's tech and Internet giants, as the...

Published 25 Oct, 2021 05:32am

Technology

Microsoft to shut down LinkedIn in China

We're also facing a significantly more challenging operating environment and greater compliance requirements in China, LinkedIn says

Published 14 Oct, 2021 08:20pm

Markets

Wall Street rises as Big Tech, financials gain

NEW YORK: US stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in...

Published 12 Oct, 2021 04:44am

World

Wall St falls as private jobs data sparks taper fears

NEW YORK: U.S. stock indexes fell on Wednesday after a strong showing of private jobs in September fueled bets that...

Published 07 Oct, 2021 04:25am

World

'Consumers aren't stupid': Google lawyer rejects EU market abuse ruling

LUXEMBOURG: Billions of people use Google because it's the best, not because of deals the company made to stay...

Updated 01 Oct, 2021 08:14pm

Technology

Microsoft CEO says failed TikTok deal 'strangest thing I've worked on'

Microsoft Corp's near-acquisition of social media app TikTok last year was the "strangest thing I've ever worked ...

Published 28 Sep, 2021 12:29pm

Markets

Tech mega-caps knock 1pc off Nasdaq; banks lift Dow

NEW YORK: The Nasdaq index slipped more than 1% on Monday as investors swapped technology heavyweights for stocks...

Published 28 Sep, 2021 05:12am

Markets

Microsoft shares edge higher on $60bn buyback program

Microsoft shares have soared about 35% this year, making it the second most valuable company in the world with market capitalization of $2.25 trillion

Published 15 Sep, 2021 08:00pm

Business & Finance

Microsoft invests $5mn in SoftBank-backed Oyo

The hotel aggregator, in which Japanese conglomerate SoftBank owns a 46% stake, endured months of layoffs, cost cuts and losses during the COVID-19 pandemic

Updated 20 Aug, 2021 06:12pm

Markets

S&P 500, Nasdaq hit record highs on megacaps, earnings strength

Twitter Inc gained 4.2pc after it reported quarterly revenue growth, while Snapchat-owner Snap Inc surged 22.5pc on beating estimates for user growth and revenue.

Published 23 Jul, 2021 10:14pm

Markets

Thursday’s early trade: Wall Street falls as growth stocks slip

NEW YORK: US stock indexes fell on Thursday as a rally in growth stocks ran out of steam, while economically...

Published 16 Jul, 2021 04:34am

Markets

Tuesday’s early trade: S&P, Nasdaq scale new peaks

NEW YORK: The S&P 500 and the Nasdaq scaled new peaks on Tuesday, helped by a rise in mega-cap stocks and a...

Published 14 Jul, 2021 03:59am

Technology

AT&T to run core 5G network on Microsoft's cloud

The deal follows a $2 billion agreement in 2019 in which AT&T said it would start using Microsoft's cloud for software development and other tasks.
AT&T said it would continue to run its core networking functions in its own private data centers.

Published 30 Jun, 2021 07:48pm

Technology

Facebook launches Clubhouse-like live audio rooms and podcasts

Facebook's rollout of a potential Clubhouse rival follows the explosive early success of the invite-only live audio app
Public figures and certain Facebook Groups in the US using iOS will be able to create live audio rooms, with up to 50 speakers and unlimited listeners

Published 21 Jun, 2021 05:09pm

Markets

Thursday’s early trade: Tech-heavy Nasdaq rises

NEW YORK: US technology shares jumped on Thursday on optimism around a speedy economic recovery, although the ...

Published 18 Jun, 2021 04:16am

World

US Supreme Court revives LinkedIn bid to shield personal data

The justices threw out a lower court ruling that had barred LinkedIn from denying hiQ access to the information that LinkedIn members had made publicly available.
LinkedIn, which has more than 750 million members, told hiQ in 2017 to stop scraping LinkedIn's public profiles or face liability under the anti-hacking law.

Published 14 Jun, 2021 07:16pm

Markets

Thursday's early trade: S&P, Nasdaq down; AMC falls sharply

NEW YORK: The S&P 500 dipped on Thursday as a raft of upbeat data fanned fears of rising inflation, eclipsing...

Published 04 Jun, 2021 05:06am

World

Microsoft, Mastercard sign on to VP Harris's Central America strategy

The meeting will be attended by top executives from yogurt maker Chobani, food giant Nestle's Nespresso unit, financial companies Bancolombia and Davivienda as well as language-learning website Duolingo.
The US vice president's push to spur regional economic growth will focus on six areas.

Published 27 May, 2021 07:15pm

Markets

Monday’s early trade: Tech stocks push top US indexes down

NEW YORK: Technology stocks pulled Wall Street’s main indexes lower on Monday, as signs of inflationary pressures...

Published 18 May, 2021 05:05am

Technology

Gates left Microsoft board amid probe into relationship: report

He left his full-time role at Microsoft in 2008.

Updated 17 May, 2021 05:23pm

Markets

Tuesday's early trade: Inflation fears push S&P to one-month low

NEW YORK: Wall Street's main indexes fell for a second straight session and the S&P 500 hit a one-month low on...

Published 12 May, 2021 04:23am

Technology

Microsoft has always sold Xbox consoles at a loss

Microsoft does not earn any profit on sales of Xbox consoles alone, according to a Microsoft executive during the Epic Games v. Apple trial on Wednesday.

Published 07 May, 2021 12:56pm

Markets

Tuesday's early afternoon trade: Nasdaq plunges over 2pc

NEW YORK: The Nasdaq fell more than 2% on Tuesday as steep declines in megacap growth stocks pushed Wall Street ...

Published 05 May, 2021 04:01am

World

Melinda Gates sees US government donating COVID vaccine doses soon

I think the US government is looking at their supply of vaccine and deciding, okay how much should we do through COVAX, how much should we do bilaterally, so I think you're going to start to see some movement there.
The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, and last year committed about $1.75 billion to COVID-19 relief.

Published 04 May, 2021 05:50pm

Markets

Wall St set to start month on firm footing; economic data in focus

ISM manufacturing PMI expected at 10 a.m. EDT.
Moderna rises on vaccine supply deal with COVAX.
Estee Lauder falls as Q3 revenue misses estimates.
Futures up: Dow 0.54%, S&P 0.49%, Nasdaq 0.36%.

Published 03 May, 2021 06:53pm

Markets

Wall Street lower after Fed report

NEW YORK: Wall Street ended lower on Wednesday after the US Federal Reserve held interest rates and its monthly...

Published 30 Apr, 2021 05:06am

Markets

Thursday’s early afternoon trade: S&P near record high; Facebook jumps, Apple slips

NEW YORK: The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic...

Published 30 Apr, 2021 05:06am

Business & Finance

Microsoft to take smaller cut from video game developers

The move comes at a time when Apple Inc is battling a lawsuit filed last year by Fortnite creator Epic Games alleging that the iPhone maker has abused its dominance in the market for mobile apps.

Published 29 Apr, 2021 08:09pm

Business & Finance

Microsoft sales grow on cloud strength

NEW YORK: Microsoft Corp on Tuesday met analysts’ quarterly sales expectations and beat profit estimates, but its...

Updated 29 Apr, 2021 10:05am

Markets

S&P 500, Nasdaq at record highs

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Monday, fuelled by Tesla Inc and other heavyweight...

Published 28 Apr, 2021 03:18am