Microsoft Grows Revenue by 18% as Cloud Strengths Continue
(Microsoft) Microsoft Corp. reported revenue of $49.4 billion in the third quarter of 2022, an increase of 18% from the previous year. The company said that its cloud platform continued…
MicroStrategy Will Work With Fidelity to Avail BTC 401(k) Service to Employees
(Twitter) MicroStrategy CEO Michael Saylor says he will enable his employees to access Bitcoin options via 401(k) accounts in partnership with Fidelity. Saylor said that the company looks forward to…
Sales of New Homes in the US Weaken 8.6% in March to the Lowest in 4 Months
(Census Bureau) The seasonally adjusted rate of sales of new single-family houses in the US was 763,000 in March, down by 8.6% from the previous month. The sales are at…
US Manufacturing Expands in April but Firms Remain Less Upbeat
(RichmondFed) The Fifth District manufacturing activity posted increases in April, with the index at 14, up from 13 in March. The order backlogs posted gains in April, with firms finding…
US Houses Rose the Third-Highest on Record in February
(S&P Global) The index gauging the house prices in the US for its nine census divisions rose by an annual 19.8% in February, the largest-biggest gain in the 35-year series…
GE Narrows Loss to $0.99 per Share in Q1 2022, but Outlook Disappoints Wall Street
(GE) Shares of General Electric fell more than 3% in premarket on Tuesday after CEO Larry Culp warned that the company’s results were moving towards the low end of the…
UPS Reaffirms FY22 Financial Targets as First Quarter Revenues Jump 6.4%
(UPS) UPS reported a consolidated revenue of $24.4 billion in the first quarter of 2022, an increase of 6.4% from the prior year. The company’s consolidated operating profit was reported…
HSBC Reports a $1.1B Decline in Profit in Q1 2022 on Credit Charges
(HSBC) HSBC reported an after-tax profit of $3.4 billion in the first quarter of 2022, down by $1.1 billion from the previous year. The lower profit reflected credit losses and…
Why Dogecoin Creator Sees a Price Rally as Musk’s Twitter Bid Goes Through
(Zycrypto) Dogecoin creator Billy Marcus touts the acceptance of Dogecoin as a payment option as one of the key utility drivers of the cryptocurrency as Elon Musk takes over Twitter.…
Bored Ape Yacht Club Instagram, Discord Exploited for $13M
(Twitter) The Instagram and Discord servers of Bored Ape Yacht have been hacked, with about 54 NFTs of floor price of $13.7 million said to be stolen. Through a Twitter…
Nkarta Stock Soars 92% on Promising Results of Cancer-Treatment
(Nkarta) Shares of Nkarta Inc. rose more than 92% on Monday after the company announced positive outcome from a Phase 1 trial of its cancer treatment. Nkarta said that its…
Coca-Cola EPS Grows 23% as Revenues Hit $10 Billion
(Coca Cola) Coca-Cola reported a $0.64 earnings per share in the first quarter of 2022, an increase of 23% from the previous year. The company’s revenue was $10.5 billion in…
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