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9 hours 25 minutes ago

Goldman Sachs' equities-backed earnings results may face pressure

Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said.

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9 hours 34 minutes ago

Wall Street rises as Fed's Williams cements rate-cut expectations

U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month.

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9 hours 35 minutes ago

Microsoft sales beat expectations as cloud growth slows

Microsoft Corp beat analysts' estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software.

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9 hours 45 minutes ago

Stocks gain on Fed rate cut optimism; oil drops

A gauge of global stocks advanced on Thursday, erasing declines on a late rally after comments from a U.S. Federal Reserve policymaker heightened expectations for a rate cut, while oil prices dropped on forecasts of rising output.

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10 hours 13 minutes ago

Microsoft beats revenue estimates on cloud boost

Microsoft Corp on Thursday reported fourth-quarter revenue that beat analysts' estimates, powered by growth in its flagship cloud product Azure.

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10 hours 15 minutes ago

Wall Street edges higher as Fed's Williams boosts rate-cut hopes

U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank at the end of the month.

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10 hours 58 minutes ago

U.S. Justice Department may sue to block Sprint, T-Mobile merger: source

The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the deal said on Thursday.

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11 hours 14 minutes ago

BMW picks Oliver Zipse as new CEO

BMW said Oliver Zipse will become chief executive on Aug. 16, picking the 55-year-old manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.

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11 hours 16 minutes ago

Oil falls about 2.5% as U.S. Gulf production returns

Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week's hurricane in the region.

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11 hours 24 minutes ago

U.S. tells T-Mobile, Sprint to wrap up divestiture deal: source

The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that need to be divested or face a lawsuit aimed at stopping their proposed merger, a source familiar with the deal said on Thursday.

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