Microsoft shares jump on earnings, revenue beat as Azure cloud business grows 33%
Jordan Novet April 30th, 2025 CNBC • Microsoft delivered better-than-expected results on the top and bottom lines. • The company’s Azure cloud business exceeded analysts’ estimates. • Wall Street will be focused on the company’s upcoming earnings call for a sense of how President Trump’s tariffs are impacting the business. Microsoft shares rose more than 6% […]
Meta shares rise on stronger-than-expected revenue for the quarter
Jonathan Vanian April 30th, 2025 CNBC Meta shares rose more than 5% after the company reported stronger-than-expected revenue in the first quarter. The company said that second quarter sales will be in range of $42.5 billion to $45.5 billion. Analysts were expecting $44.03 billion. Meta increased its 2025 capital expenditures to come in between the […]
Tax Collections Remain Strong in 2025 Despite IRS Concerns
Penn Wharton Budget Model April 30th, 2025 Key Points Recent media reports suggested that tax receipts could fall as much as 10 percent this year, creating a shortfall of more than $500 billion. However, through April 28, individual income and payroll tax receipts are $120 billion higher than last year and statistically in line with projections made […]
Visa Earnings Top Estimates as Spending on Network Stays Strong
Summary by Bloomberg AI Visa’s fiscal second-quarter earnings beat analysts’ estimates, with net income rising 6% to $5.44 billion and adjusted earnings per share totaling $2.76. Consumer spending remained resilient despite macroeconomic uncertainty, with payments volume reaching $3.34 trillion, although less than expected. Visa maintained its guidance for earnings per share to grow by a […]
IBM pledges $150 billion to boost U.S. tech growth, computer manufacturing
Ashley Capoot April 28th, 2025 CNBC • IBM announced a $150 billion investment in the U.S. over the next five years. • The funds include $30 billion to advance American manufacturing of its mainframe and quantum computers. • The company announced the z17 artificial intelligence mainframe earlier this month. International Business Machines Corporation on Monday […]
Alphabet adds nearly 2% as search, advertising units show resilient growth
Samantha Subin April 25th, 2025 CNBC Alphabet shares rose after the company topped Wall Street estimates and showed growth in its advertising and search business. The company suggested that it’s too soon to tally the impact of Trump’s tariffs, but the ending of the de minimis loophole could create a “slight headwind” to its advertising […]
Amazon and Nvidia say AI data center demand is not slowing down
By Spencer Kimball@SPENCEKIMBALL Amazon and Nvidia executives said they only see power demand rising due to artificial intelligence. Kevin Miller, Amazon’s vice president of global data centers, said the tech company’s data center plans have not changed significantly. “We haven’t seen a pullback,” said Josh Parker, Nvidia’s senior director of corporate sustainability. OKLAHOMA CITY — […]
TSMC shows off new tech for stitching together bigger, faster chips
SANTA CLARA, California, April 23 (Reuters) – Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab on Wednesday unveiled technology for making faster chips and putting them together in dinner-plate-sized packages that will boost performance needed for artificial intelligence applications. It said its A14 manufacturing technology will arrive in 2028 and will be able to produce processors that […]
Nvidia supplier SK Hynix logs bumper Q1, sees limited tariff impact on AI chips
SEOUL, April 24 (Reuters) SK Hynix (000660.KS), opens new tab, a key supplier of high-bandwidth memory processors to Nvidia (NVDA.O), opens new tab, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.S. tariffs. Washington has launched an investigation into semiconductor imports, […]
Chevron sees no signs that U.S. is close to a recession, CEO says
Spencer Kimball APR 22 2025 CNBC Chevron CEO Mike Wirth said the oil major is not seeing any signs that a recession is imminent. But oil prices at $60 per barrel or lower will impact production in the Permian Basin, Wirth said. Chevron is not changing any of its plans in response to lower prices, […]