Business

– Microsoft reported strong growth in its fiscal first-quarter results on Wednesday, October 28, with net income rising to $36.63 billion from $27.75 billion a year earlier. Earnings per share increased to $4.92 from $3.72. Total revenue rose 19% to

– Meta said on Monday, October 26, that it plans to raise a total of $95 billion to support its investments in artificial intelligence infrastructure and superintelligence. The company will first raise $35 billion through underwritten public equity offerings. It

– Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure on Monday, October 26, to fund AI computing capacity for Anthropic. The deal will pay for technology from Broadcom, which will be leased to the

– US markets are heading into one of the busiest weeks of the earnings season, with three of the biggest names in the Magnificent 7 set to report quarterly results. Alphabet, Microsoft and Amazon will release figures as investors look

– Oil prices rose on Wednesday, October 21, with Brent crude futures climbing $1.21 to $110 per barrel, according to Reuters. US West Texas Intermediate crude also gained more than $1 to reach $99 per barrel. The move came during

– The US dollar retreated from an 18-month high on Tuesday, October 13, as falling oil prices and a reassessment of the artificial intelligence-driven rally weighed on the currency. The U.S. Dollar Index, which measures the greenback against a basket

– The U.S. stock bull market moved into its fifth year Monday after completing four years of gains. The S&P 500 has climbed about 119% from its Oct. 12, 2022 bear-market closing low, according to Truist analysis. The index ended

International equities mounted a vigorous late-week recovery, rebounding from recent selloffs as climbing borrowing costs temporarily lost momentum. Market metrics indicate that US and European stocks close higher as bond yields ease, drawing institutional capital back into riskier asset classes