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Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services, and the company's shares jumped more than 4% in extended trade. Executives forecast ranges for current quarter cloud revenue that were mostly above Wall Street targets. The rise in Microsoft shares after the bell lifted the company's stock market value by $128 billion as profit and revenue growth overshadowed its...
Russell Investments Group Ltd. reduced its position in Morgan Stanley (NYSE:MS – Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 927,440 shares of the financial services provider’s stock after selling 278,049 shares during the quarter. Russell Investments Group Ltd. […]
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Prosperity Wealth Management Inc. acquired a new stake in shares of Intel Co. (NASDAQ:INTC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,823 shares of the chip maker’s stock, valued at approximately $293,000. Other hedge funds and other […]
Eagle Ridge Investment Management lessened its holdings in Bank of America Co. (NYSE:BAC) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,501 shares of the financial services provider’s stock after selling 9,253 shares during the quarter. Eagle Ridge Investment Management’s […]
First Hawaiian Bank (FHB) was recognized by Forbes magazine as the top-ranked Hawai’i bank on its 2024 Best Banks in America list and one of the top 50 most cybersecure banks in the U.S., furthering FHB’s legacy as Hawai’i’s leading financial institution. “We are honored to be recognized for the third consecutive year as Hawai’i’s premier bank on Forbes’ Best
Total Investment Management Inc. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 1,766 shares of the information services provider’s stock, valued at approximately $249,000. Several other hedge funds and other institutional investors have also […]
Several state treasurers and other officials sent a letter to Bank of America warning the banking giant of apparently targeting customers with conservative politics by de-banking them—however, Tennessee State Treasurer David Lillard's signature was absent.
Tesla reports Q1 results after the bell on Tuesday. The EV maker has slashed staff and the prices of its electric vehicles.
Avoid client-agency misalignment by following best practices on setting clear PPC expectations upfront and managing communications.
The chase for the Stanley Cup is back underway, with the NHL’s top 16 teams left to duke it out through four grueling rounds.