Microsoft sees steady cloud growth after record quarterly profit
Microsoft Corp (MSFT.O) posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
EXCLUSIVE Rivian ready to invest $5 billion in second U.S. assembly plant -document
Amazon.com Inc (AMZN.O)-backed Rivian plans to invest $5 billion initially in its second U.S. electric vehicle assembly plant, according to a company document shared with state economic development officials.
Robinhood says U.S. watchdogs probing staff meme stock trading, registration
Robinhood Markets Inc disclosed on Tuesday it has received inquiries from U.S. watchdogs asking whether employees traded GameStop Corp. (GME.N) and AMC Entertainment Holdings, Inc. (AMC.N) before the online broker publicly announced it was restricting trading in those and other meme stocks on Jan. 28.
China state-owned daily urges calm after market rout
A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries over the impact of tighter government regulations.
BASF reports second-quarter beat, says no Delta impact so far
The world’s largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.
Australian CPI blows hot in Q2, core inflation far cooler
Australia’s consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government subsidies unwound, but a far tamer reading for core inflation suggested the spike would be fleeting.
Asia shares sit at 2021 lows ahead of Fed verdict
Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.
Oreo maker sweetens sales outlook as emerging markets bounce back
Mondelez International Inc (MDLZ.O) raised its full-year organic revenue forecast on Tuesday, as more consumers snacked on the food giant’s Oreo cookies and Cadbury chocolates across emerging markets including Brazil and China.
International investor concerns mount over China’s tech rout
International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets.
Visa gets vaccine boost as domestic spending back near pre-COVID levels
Visa Inc (V.N) beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international travel on the road to recovery as rising vaccinations and reopening economies take effect.
