Microsoft Corp on Wednesday reported fiscal second-quarter sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.
Mondelez International Inc , the maker of Oreos and Chips Ahoy cookies, on Wednesday reported quarterly revenue that beat estimates, helped by higher demand for its snacks in developing markets, sending shares up 3%.
Apple is on fire, and it doesn’t look like it’s slowing down anytime soon. …read more […]
United Parcel Service Inc said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc . The world’s biggest online retailer pioneered seven-day delivery in 2013, in partnership with the U.S. Postal Service (USPS), and is now spending billions of dollars to speed up its free shipping.
Microsoft Corp on Wednesday reported fiscal second-quarter revenue and profit that beat Wall Street expectations, a sign that its Azure cloud computing services continues to grow amid a pitched battle with Amazon.com Inc’s cloud unit.
Facebook Inc reported a decline in fourth-quarter operating margins on Wednesday, missing Wall Street’s expectations that it would level off spending to improve privacy and content across its apps, and revenue growth was the slowest ever.
Global airlines on Wednesday continued to suspend or scale back direct flights to China’s major cities amid an increase in travel warnings and decline in demand from passengers over the coronavirus.
(Bloomberg) — Tesla Inc. stayed on a roll by reporting better-than-expected revenue and accelerating the arrival of its next electric vehicle, sending the stock soaring to new highs.The Model 3 maker’s $7.38 billion in sales for the fourth quarter beat estimates and carried the company to its second consecutive quarterly profit. Tesla will speed up the introduction of its Model Y crossover to this quarter, faster than it projected three months ago.Tesla shares climbed more than 10% after the close of regular trading. The stock was already up 39% this year.Chief Executive Officer Elon Musk triggered an epic rally late …read more […]
Global equity markets closed little changed on Wednesday as strong results from Apple and others provided a lift, but concerns about the coronavirus outbreak in China kept enthusiasm in check and a safe-haven bid in gold and the dollar alive.
Workers at Brazilian oil company Petrobras approved a plan to go on strike from Saturday, protesting a plan by the state-controlled firm to close a fertilizer plant and fire its 396 workers.
The European Union wants to create a single market in data aimed at challenging the dominance of tech giants such as Facebook, Google and Amazon, according to a European Commission proposal seen by Reuters.
Tesla Inc on Wednesday defied skeptics and its stock surged to new all-time highs as the electric carmaker posted the second quarterly profit in a row on record vehicle deliveries and said it would deliver more than 500,000 units this year.
The U.S.-Mexico-Canada trade agreement (USMCA) signed by President Donald Trump on Wednesday modernizes the 26-year-old North American Free Trade Agreement, which has been blamed for hollowing out the U.S. manufacturing sector.
Shares of Tesla surged in after-hours trading on Wednesday, after the electric car maker beat expectations on both the top and bottom lines. The Final Round panel discusses the latest. …read more […]
An investor looking at Western Asset Mortgage Capital Corp. (NYSE: WMC) might see a juicy 11.6% yield and a dividend that’s been stable for four years and believe the payout is safe.
Let’s find out if it really is.
The mortgage real estate investment trust (REIT) has invested in mortgage securities for 46 years. Its financials are in decent shape.
This year, net interest income (NII) is expected to be the highest it’s been since 2016.
(NII is the measure of cash flow used for mortgage REITs. It’s the money the company makes by borrowing money short term and lending it out at higher …read more […]
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