Business

Trump fans hopeful of Twitter comeback after Musk deal - follow live

Trump fans hopeful of Twitter comeback after Musk deal – follow live

‘I’m a more honest man than you’: Trump ends Piers Morgan interview Self-proclaimed “free-speech absolutist” Elon Musk’s planned takeover of Twitter has left Donald Trump’s supporters hopeful of his return to the platform, despite his insistence that he is focused making a success of Truth Social. Some advisers and followers of Mr Trump believe he …

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China's central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows

China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank …

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Walmart dangles deeper gas discounts to attract and retain members of subscription service

Walmart dangles deeper gas discounts to attract and retain members of subscription service

As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart+. Chris Cracchiolo, senior vice president and general manager of the subscription service Walmart+, said the everyday expense is on the minds of many shoppers, “especially …

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Microsoft To The Rescue After Nasdaq Hits New Low

Microsoft To The Rescue After Nasdaq Hits New Low

Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures fell slightly, all reversing Tuesday evening losses as Microsoft stock and Google parent Alphabet (GOOGL) moved on earnings. X The stock market tumbled Tuesday, with the Nasdaq breaking below its March lows as Tesla (TSLA) plunged in reaction to CEO Elon …

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Visa stock gains after earnings as company says inflation, Ukraine war aren't crimping spending

Visa stock gains after earnings as company says inflation, Ukraine war aren’t crimping spending

Visa Inc. shares rose in after-hours trading Tuesday after the payment-technology giant easily exceeded earnings expectations for its most recent quarter and gave an upbeat view on the spending landscape. Executives at Visa V, -4.22% cheered a continued recovery in travel spending and noted that the company was withstanding the latest macroeconomic dynamics. “While there …

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Alphabet Earnings Show Slowing Sales Growth on Digital-Ad Tumult

Alphabet Earnings Show Slowing Sales Growth on Digital-Ad Tumult

Google parent Alphabet Inc. GOOG -3.04% posted slower sales growth as global economic turmoil disrupted digital advertising spending. The company said first-quarter sales rose 23% from the year-ago period, the lowest rate for the tech giant since late 2020. In the interim, the company saw a period of massive sales growth, as small and large …

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Microsoft’s Cloud Growth Propels Quarterly Sales, Earnings

Microsoft’s Cloud Growth Propels Quarterly Sales, Earnings

(Bloomberg) — Microsoft Corp. reported quarterly sales and earnings that topped analysts’ projections, fueled by robust growth in cloud-services demand. Shares jumped as much as 6.9% in late trading. Most Read from Bloomberg Revenue in the third quarter, which ended March 31, rose 18% to $49.4 billion, the Redmond, Washington-based software maker said Tuesday in …

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Stock market news live updates: Stock futures open mixed after tech-led rout

Stock market news live updates: Stock futures open mixed after tech-led rout

U.S. stock futures opened mixed Tuesday evening after the major equity indexes slid during the regular trading day, as concerns over inflation and global economic growth stirred up further volatility across risk assets. Contracts on the S&P 500 dipped. The index dropped 2.8% on Tuesday for its largest decline in seven weeks, with technology shares …

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Google parent Alphabet’s Q1 profits dropped by more than $1 billion compared to 2021

Google parent Alphabet’s Q1 profits dropped by more than $1 billion compared to 2021

After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion. However, …

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