US TikTok and WeChat bans hit Chinese tech giants
Donald Trump has ordered US business to stop doing business with the two apps within the next 45 days as the relationship between the world's two largest economies continues to deteriorate
Company
Microsoft Corp
NASDAQ:MSFT
Microsoft Corp is a technology company. The company develops and supports software, services, devices and solutions. Microsoft Corp’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing.
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Microsoft continues TikTok takeover talks after Trump's thumbs-up
Other investors in ByteDance were reported on Friday to also be putting together a potential bid for TikTok, with a valuation of around US$50bn
Microsoft sees cloud computing business Azure post under 50% quarterly sales growth for first time
For its fourth quarter to June 30, 2020, revenue in Microsoft’s Intelligent Cloud segment rose by 17% to $13.4 billion, with 47% growth in Azure
Microsoft plans to give journalists the boot and replace them with robots
The computing giant is reportedly planning to use AI to curate stories and headlines on its MSN website as part of an ongoing evaluation of its business
Microsoft cloud sales get big boost in demand from lockdown workers
“We’ve seen two years’ worth of digital transformation in two months,” said chief executive officer Satya Nadella
S&P/ASX 200 futures down as markets become eerie, Trump to speak pre-market
Last Friday the S&P 500 closed down 4.34% and the Nasdaq Composite closed down 2.30%.
Microsoft warns it will miss guidance as coronavirus disrupts supply-chain operations
The firm told shareholders that it likely will not meet its quarterly revenue guidance for its PC segment
Microsoft posts stronger-than-expected Q2 results, ups Q3 revenue guidance
The software giant revealed 14% year-on-year growth in second-quarter revenue to $36.91 billion, better than the $35.68 billion expected by analysts
Microsoft tops expectations as cloud computing boosts earnings
The computing giant reported first-quarter earnings of US$1.38 per share, above analyst predictions of US$1.25, while revenues came in at US$33.06bn compared to estimates of US$32.2bn
Microsoft boosted by approval of new $40 billion stock buyback program, 11% dividend hike
It is the third time the software giant’s board has authorized a buyback plan of that size, having previously done so in 2013 and again in 2016
GAME Digital is a high-profile casualty of a revolution in the video game markets
The high street retailer has borne the brunt of an increasing swing from physical disks to digital video game sales
Hardware & electrical equipment
Facebook unveils new Libra cryptocurrency
The social media giant unveiled the digital currency in a whitepaper on Tuesday, with an official public launch planned for next year
IPO Roundup: Avantor, Bricktown Brewery and Fastly among this week’s hot IPOs
Over half a dozen IPOs are expected to price, including two pharmaceutical firms, an American comfort food chain, and a Chinese challenger to Starbucks
Hardware & electrical equipment
Apple breaks through US$1trn and reclaims its number one position
The tech giant reclaimed its position as the world’s most valuable publicly-traded company when trading opened on Wall Street
Investments and investor services
LATE MOVERS: 3M shares plummet after guidance cut; Xilinx falls double digits on Solarflare acquisition
Also moving Thursday were Facebook, Nokia, Tesla, Microsoft and Lam Research
Hardware & electrical equipment
Microsoft flies above $1trn high as cloud lifts earnings
The Windows software developer is currently the most valuable company in the world
Archive
FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Canadian stock markets close down as Bank of Canada holds interest rates steady
Canadian economic growth during the first half of 2019 is now expected to be slower than anticipated in January, the Bank said in a statement, citing oil price declines and a backlog in exporting crude oil as key reasons why investment has
Hardware & electrical equipment
WANdisco loses its groove as losses widen
The IT firm reported a pre-tax loss for the year of US$19.4mln, wider than the US$14mln loss the year before, while revenue fell to US$17mln from US$19.6mln
Archive
FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday