Dow Jones Industrial Average Climbs
Introduction In the world of stock market today, the Dow Jones Industrial Average (DJIA) is making significant gains. Leading this upward momentum are aviation giant Boeing (BA) and tech titan…
Stock Futures Edge Higher as Wall Street Begins Thanksgiving Trading Week
Stock futures are showing slight gains on Monday as Wall Street enters an abbreviated Thanksgiving holiday trading week. This comes after three consecutive weeks of gains, driven by investors' belief…
Microsoft’s Resilience in a Challenging Software Landscape
Opinion: Wall Street Emphasizes the Importance of AI in Microsoft and Alphabet Results Amidst a turbulent economic environment for the software industry, Microsoft Corp. continues to thrive and demonstrate its…
Berkshire Hathaway Reduces Stake in Activision Blizzard by 70%
Berkshire Hathaway, the renowned investment firm led by Warren Buffett, has decided to reduce its stake in video game maker Activision Blizzard by a significant 70%. This move comes amidst…
AI Applications Take the Lead in Budget Priorities
Piper Sandler recently conducted a survey among corporate technology buyers, revealing a shift in budget priorities. While overall spending outlooks have softened, there is a clear winner: artificial intelligence applications.…
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…
Sony Announces $3.6 Bln Deal for Game Developer Bungie in Catch up With Microsoft
(Sony) Sony Interactive Entertainment will acquire US game developer Bungie in the latest deal seen as a response to Microsoft’s blockbuster offer for Activision Blizzard. The acquisition of Bungie, the…
Microsoft Issues a Consensus-Beating Cloud Sales Forecast as Q2 22 Rev. Jump 20%
(Microsoft) Microsoft Corp. announced revenue of $51.7 billion in the second quarter of 2022, up 20% from the prior year and above estimates of $50.88 billion. Microsoft said that robust…
Microsoft Stock Price Forecast Ahead of Earnings
The Microsoft (NASDAQ: MSFT) stock price crashed to the lowest level since July 2021 as investors waited for the coming quarterly results. The stock is trading at $296, which is…
Sony Loses 13% of Value in a Day as Microsoft Flexes Muscle in $69B Activision Deal
(Bloomberg) Shares of Sony Group Corp. plunged 13% on Wednesday, wiping out $20 billion of value following the $69 billion Microsoft deal for Activision Blizzard Inc. The 13% fall in…
Microsoft in Talks to Acquire Video Game Maker Activision in a $70B Deal
(Microsoft) Microsoft is close to reaching a deal to acquire Activision, the video game maker behind the “Call of Duty” franchise, the company’s largest-ever takeover. The acquisition will accelerate the…
Trillion Dollar Club: Meet the Titans of the Global Economy
A trillion dollars is unfathomable to many, but not for five global corporations in the trillion-dollar companies club. In June this year, the trillion-dollar market cap club expanded after Facebook…