To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout, Microsoft's quarterly update...
To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout, Microsoft 's quarterly update should prove a key moment later on Tuesday, just as the Federal Reserve 's latest policy meeting gets under way.
But a key question for investors will be whether growth in Microsoft's Azure cloud-computing business has picked up enough to justify the billions of dollars being spent on artificial intelligence infrastructure. Its stock was down a touch, out of hours on Tuesday.
The U.S. Treasury said on Monday it expects to borrow $740 billion in the third quarter, $106 billion lower than the April estimate and mainly due to lower redemptions in the Federal Reserve System Open Market Account and a higher cash balance at the beginning of the quarter.Even though the election fogs the windscreen before then, analysts are already crunching the Treasury numbers to see what it may mean for the debt ceiling, which is due to be reinstated on Jan.
The euro rose on mixed bag of economic numbers. Even though Germany recorded an unexpected contraction of its economy in the second quarter, and some German states exceeded inflation expectations for July, the euro zone economy as a whole actually beat forecasts as GDP in the bloc climbed 0.3% in Q2.Standard Chartered jumped almost 6% after the UK-based bank announced a $1.5 billion share buyback, its biggest ever, and lifted its income outlook for 2024.
* Federal Reserve's Federal Open Market Committee starts two-day policy meeting, decision Wednesday; Bank of Japan also holds Monetary Policy Meeting, decision Wednesday We recently compiled a list of the Obama Stock Portfolio: 10 Year Returns. In this article, we are going to take a look at where Broadcom Inc. stands against the other stocks in former U.S. president Barack Obama’s portfolio. Former United States President Barack Obama took office during one of the worst recessions in Patients push back against Novo Nordisk move to scrap an insulin product
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