Microsoft Corp.’s second-quarter profit topped analysts’ estimates, helped by strength in its Azure cloud-services business even as demand slumped for personal-computer and corporate software. Shares rose more than 4% in late trading.
(Bloomberg) — Chris Hipkins was officially sworn in as New Zealand’s 41st prime minister, completing the handover from Jacinda Ardern.
Petroleos Mexicanos plans to issue bonds in the coming weeks as the indebted Mexican state oil company looks to pay off maturities coming due in the first quarter, according to three people familiar with the situation.
Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies.
Newly independent Senator Kyrsten Sinema of Arizona is being courted by Senate Republicans, as the Democrat who wants to challenge her if she runs for reelection raked in $1 million the day after announcing his candidacy.
Congressional Democrats pressed Republicans to offer a concrete proposal for raising the nation’s debt ceiling and avoiding a default after a meeting on Tuesday with President Joe Biden.
Wall Street saw some buyer fatigue after a solid equity rally, with investors scouring a batch of earnings for clues on the outlook for Corporate America amid mounting fears about a recession.
Investor Anthony Scaramucci said he expects the Federal Reserve will pause its campaign to raise interest rates before inflation reaches its 2% goal, leading to a rally in risk assets.
Rogers Communications Inc. took a major step toward completing its takeover of Shaw Communications Inc. as a Canadian appeals court rejected an effort by the country’s antitrust watchdog to reverse an earlier ruling that favored the deal.
Former President Donald Trump has come to the aid of Peter Navarro as his one-time trade adviser moves closer to facing a jury trial for defying a congressional subpoena.
