Microsoft CEO Satya Nadella leaves after attending a meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, on April 30, 2024.Willy Kurniawan | ReutersMicrosoft has abandoned a decades-long tradition of calling out the names of its rivals in regulatory documents.When the 50-year-old technology company released its annual report Wednesday, the 101-page document contained zero references to longtime foes Apple and IBM. Nor did it mention privately held challengers such as Anthropic or Databricks. Last year’s Microsoft annual report officially designated over 25 companies as competitors. The names of Microsoft’s enemies have appeared in its annual reports…
Author: usaeverydaylife
Seven months into the year, the total return for the S & P 500 is roughly 9%. The benchmark fell nearly 19% peak to trough into the post-liberation day lows, and has rallied 27% since. Given the U.S. economy’s heavy reliance on consumer activity, which accounts for approximately 70% of gross domestic product, it’s notable that the discretionary sector has significantly underperformed. Whereas the S & P 500 is trading at all-time highs, the consumer discretionary sector — which fell more than 26% peak-to-trough between Dec. 17 and April 8 — has yet to recover fully. It’s more than 6%…
Backup generator manufacturer Generac has a huge opportunity with data centers, according to Bank of America. “Generac’s entry into the data center market marks a multi-year growth inflection, with management calling it the most needle-moving opportunity in decades,” analyst Dimple Gosai told clients in a note Wednesday. Bank of America raised its stock price target for Generac to $221, indicating 21% upside from Wednesday’s close of $181. Generac shares were about 6% higher after the call, putting the stock on pace for a 24% year-to-date gain. The tech sector faces a backup generator deficit in 2026 totaling 5,000 units as…
Mexico’s President Claudia Sheinbaum holds a morning press conference following U.S. announcement of auto industry tariffs in Mexico City, Mexico March 27, 2025.Presidencia De Mexico | Via ReutersPresident Donald Trump on Thursday said he would not raise U.S. tariffs on Mexican goods beyond their current levels for 90 days, in order to give the neighboring countries time to strike a trade deal.Trump recently threatened to raise the blanket tariff rate on Mexican imports to 30%, up from the 25% duty he had previously imposed to address alleged cross-border crime and drug trafficking. Mexico is also exposed to a 25% tariff…
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella.Getty ImagesShares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines.Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club.Both Meta and Microsoft have been investing heavily in artificial intelligence infrastructure in recent years, and the companies said they expect to continue to shell out billions in capital expenditures.Meta said capital expenditures will range between $66 billion and $72 billion for the full year, raising the low end of the company’s previous estimate…
Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty ImagesA major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting.The final order on copper tariffs, which the Trump administration says will boost the domestic copper production industry, applies to semi-finished products such as pipes, rods, sheets and wires. It also impacts copper-intensive items like cables and electrical components. But crucially, it does not include the raw input material copper cathode, copper ores, concentrates or scraps, as had been…
A new JPMorgan Chase branch in Charlotte, North Carolina.Courtesy: JPMorgan ChaseJPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000 branches, the most of any American bank, according to Federal Reserve data from March.”It’s a great marker for us to be able to say, you can see our commitment over time and we’re on a marathon with regard to this expansion,”…
Technology bellwether Amazon is set to release second quarter results after the market close on Thursday, and analysts are bullish heading into the print, believing the worst of tariff fears have subsided. Analysts, on average, expect the dominant e-commerce platform will earn $1.33 per share on roughly $162.1 billion in revenue, according to LSEG. That would correspond to year-over-year earnings and revenue growth of 5.5% and 9.5%, respectively. Amazon is coming off of better-than-expected earnings and revenue in its first quarter. But in its last report, on May 1, the company gave light guidance for the second quarter, citing “tariffs…
Figma co-founder and CEO Dylan Field said Thursday that artificial intelligence doesn’t pose a serious threat to the future of the design software company, which is on the verge of debuting on the public markets.”We’re in this moment where you might, if you’re singularity-pilled, go, ‘Hey, superintelligence is coming and it’ll be able to do things that no human can do,” Field told CNBC’s “Squawk Box.” “I have a harder time believing that we’re going to approach that really quickly right now, but that doesn’t mean it’s out of the picture.”Figma is slated to begin trading on the New York…
Thiago Prudêncio | Sopa Images | Lightrocket | Getty ImagesRoblox stock soared 16% Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth.The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter.User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year-over-year, and hours engaged at 27.4 billion, up 58% year-over-year.StreetAccount expected 106 million DAUs.”Our year on year growth this quarter is a reflection of our strategic investments in…
