Microsoft is a leading global technology company known for its software products, services, and hardware devices. The company is best recognized for its Windows operating systems and the Microsoft Office suite, which facilitates productivity and collaboration for users worldwide. In addition to software, Microsoft also offers cloud computing services through its Azure platform, enabling businesses to leverage scalable and flexible computing resources. The company is actively involved in various sectors, including gaming with its Xbox platform, artificial intelligence, and cybersecurity, continually innovating and expanding its product offerings to meet the diverse needs of consumers and enterprises. Read More
Microsoft Corp. backed OpenAI will establish its first India office in New Delhi later this year, targeting its second-largest user market with localized operations and competitive pricing strategies.
Meta has reportedly struck a six-year, $10 billion deal with Google Cloud to power its AI ambitions, marking a rare partnership between fierce ad rivals as both companies race to scale generative AI.
The titans of the technology sector, particularly those at the forefront of the artificial intelligence revolution, have recently experienced a period of significant market turbulence. While Thursday, August 21, 2025, offered a relatively steadier performance for bellwethers like Nvidia (NASDAQ: NVDA) compared to the sharp swings seen earlier in the
Recent data indicating a significant acceleration in U.S. business activity is casting a shadow over the market's fervent hopes for imminent interest rate cuts by the Federal Reserve. This robust economic signal, while generally positive for the nation's economic health, suggests that the central bank may have less urgency
The U.S. stock market has endured a challenging week, extending its losing streak to a fifth consecutive day. This downturn, impacting the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite, signals a recalibration of investor sentiment amidst a confluence of factors. The immediate implications point to heightened
Shares of financial data provider FactSet (NYSE:FDS) fell 3.1% in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.
Shares of business intelligence platform Domo (NASDAQ:DOMO) fell 4.6% in the pre-market session after a broader market downturn impacted the technology sector, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.
Shares of mortgage REIT Two Harbors Investment (NYSE:TWO) fell 5.9% in the afternoon session after the company announced a $375 million cash settlement to resolve pending litigation, contributing to the stock hitting a 52-week low. The agreement with PRCM Advisers and Pine River Capital Management resolves all outstanding legal claims between the parties. However, the substantial one-time payment has concerned investors. The company estimates its book value per share will be approximately $11.06 after accounting for the $375 million cash payment. Adding to the negative sentiment, Two Harbors recently reported second-quarter earnings that missed analyst expectations, with an earnings per share of $0.28, below the forecasted $0.34. Revenue also fell short of projections, contributing to the stock's decline.
The U.S. economy currently presents a complex and often contradictory picture, leaving economists and policymakers debating whether the nation is headed for a "soft landing" or a more severe recession. Recent economic indicators offer a mixed bag of signals, highlighting both underlying resilience and emerging vulnerabilities. This confluence of
The financial markets are currently experiencing a significant tremor, as a four-day losing streak for the S&P 500 and a notable decline in the Nasdaq Composite underscore a broader tech-led sell-off. This downturn is primarily attributed to a retreat in the once-unassailable "Magnificent 7" technology stocks, raising questions about
Shares of beauty products company Coty (NYSE:COTY)
fell 19.4% in the morning session after the company reported a surprise loss for its second quarter as key profitability metrics declined.
