Microsoft Corp 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.
Boeing Co said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger planes after two deadly crashes.
President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies – giving them an unfair trade advantage.
Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.
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.
Microsoft Corp 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.
Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its 737 MAX after two deadly crashes.
A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a rate cut, while oil prices dropped on forecasts of rising output.
Microsoft Corp beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, lifted by growth in its flagship cloud product Azure and Office software.
U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank at the end of the month.
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.
The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the deal said on Thursday.
BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.
Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region.
German luxury carmaker BMW on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.
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