Microsoft on Tuesday reported quarterly earnings the blew past market expectations, fueled by demand for cloud computing and Windows-powered machines.
"Digital technology is a deflationary force in an inflationary economy," Microsoft chief executive Satya Nadella said in an earnings release. Personal computer sales – which had been waning in a world increasingly obsessed with smartphones – revived during the pandemic, as users relied more on home internet connections for work, school and social life.
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Global stocks gain as upbeat Wall Street earnings lift outlook | Malay MailNEW YORK, Oct 26 ― Global stocks rose and Treasury yields dipped yesterday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the US corporate earnings season and an improving economic outlook. A large proportion of S&P 500 companies are due to report results...
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Global equities edge up on upbeat earnings; gold falls | Malay MailNEW YORK, Oct 27 — Equity markets gained globally yesterday as upbeat corporate earnings buoyed investor appetite for riskier investments, while gold prices fell nearly 1 per cent. The three major US stock indexes closed modestly higher yesterday, with the Dow Industrials and S&P 500 hitting...
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