Author: super@dmin

Microsoft Corp. shares slipped in after-hours trading Tuesday despite an earnings beat, as the company’s cloud-computing revenue came in lower than expected and its core cloud product, Azure, grew at a slower rate than projections amid concerns about the economy.

Artificial intelligence is among the few fields that both the U.S. and China regard as a strategic national priority.

The results, which missed in several key product categories, further rattled investors, already spooked by poor quarterly results last week from Snap Inc. Facebook parent company Meta Platforms Inc. is scheduled to report its third-quarter results Wednesday.

Chipotle Mexican Grill Inc. on Tuesday reported continued growth, with third-quarter profit beating analysts’ expectations.

“I fear that if I’m wrong, it’s because I’ve underestimated how much more they have to do,” the former Fed vice chair says during a panel at the Mortgage Bankers Association’s annual conference in Nashville.

Oil futures finish higher on Tuesday, recouping their losses from a day earlier and then some, as concerns over tight supplies come back into focus.

3M Co. has its hands in so many markets, including consumer products, electronics, health care, safety and transportation, that when it talks about the economy and demand trends, investors, and even the Federal Reserve, should listen.

Red Hat is a bright spot for the company, which is starting its third transformation in history.

Weber went public in August 2021 but has struggled with greater-than-expected losses.

Hayman Capital’s Kyle Bass says China’s Xi Jinping installed a “war cabinet” and removed all the “reform and opening” people.