Posts with tag: current events
Microsoft's Azure cloud revenue growth slows to 31% as the company ramps up AI investments. Despite strong demand, data center capacity constraints impact sales. AI revenue reaches $13 billion annualized run rate, but monetization efforts take longer than expected.
Published on: January 29, 2025, 11:09 PM UTC
Federal funding freeze disrupts vital government services, from healthcare to housing and child care, highlighting the government's extensive role in American life. Despite administration's partial reversal, uncertainty remains over essential programs' funding.
Published on: January 29, 2025, 11:01 PM UTC
Apple's First Quarter Earnings: iPhone Sales and AI Innovation in Focus
Published on: January 29, 2025, 10:03 PM UTC
Stocks dropped on Wednesday, led by tech companies, after the Federal Reserve left interest rates unchanged and removed a reference to progress against inflation. Nasdaq led the decline, with Nvidia pressured by concerns over chip exports to China. Meta and Microsoft stocks declined after earnings results. Tesla rose in after-hours trading despite missing earnings estimates. Fed Chair Powell downplayed a change in language in the Fed's statement on inflation, stating it was "language cleanup" rather than a signal. IBM and Big Tech earnings will be released after the bell.
Published on: January 29, 2025, 10:02 PM UTC
Meta, the parent company of Facebook, is set to report its fourth-quarter earnings on Wednesday after the market close. Analysts expect earnings per share of $6.78 and revenue of $46.98 billion. Investors will be listening for key updates on AI monetization, guidance for 2025, and the company's plans to benefit from drama surrounding TikTok.
Published on: January 29, 2025, 02:06 PM UTC
Australia's core inflation cooled more than expected in Q4 2024, increasing the likelihood of an interest rate cut in February. The trimmed mean gauge rose 3.2%, opening the door to a potential rate reduction as early as next month.
Published on: January 29, 2025, 02:00 AM UTC
Sony Group President Hiroki Totoki will become CEO on April 1, while Kenichiro Yoshida will remain as chairman. Tao Lin will succeed Totoki as CFO.
Published on: January 29, 2025, 02:00 AM UTC
Microsoft Q2 Earnings Preview: AI Investments, Azure Growth in Focus
Published on: January 28, 2025, 11:03 PM UTC
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Learn strategies to help you build an efficient portfolio to save for retirement, both before and after you retire.
Published on: January 28, 2025, 11:01 PM UTC
Google Maps to Rename Gulf of Mexico and Denali Mountain Per Trump Order
Published on: January 28, 2025, 08:04 PM UTC