Microsoft shares fell in extended trading on Wednesday despite the tech giant reporting a pretty clean beat across nearly every metric. Blame lofty investor expectations after a blowout report three months ago. Revenue increased about 18% year over year to $77.64 billion in its first quarter of fiscal 2026, beating the Street consensus estimate of $75.3 billion, according to data from LSEG. Earnings per share increased 13% from last year to $3.72, ahead of EPS estimates of $3.67, LSEG data showed. On a non-GAAP basis, which excludes losses from investments in OpenAI, adjusted EPS was $4.13. That was a 41-cent…
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The ‘Fast Money’ traders react to Microsoft’s quarterly results. Source link
BUSAN, SOUTH KOREA – OCTOBER 30: U.S. President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images News | Getty ImagesChinese President Xi Jinping and U.S. President Donald Trump on Thursday arrived in Busan, South Korea, ahead of a much-anticipated meeting to address trade and tariff concerns.The two leaders met for a photo op before their meeting that was slated for 11 a.m. local time (10 p.m. ET, Wednesday). This is the first time the two are meeting in person…
Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty Images The news is coming in fast and thick. Strap in.First, interest rates.The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another cut in December, which the market had been pricing in with more than 90% certainty, “is not a foregone conclusion.”His statement threw cold water on the markets, sending most stocks lower and Treasury yields higher.Next, Big Tech earnings.Alphabet, Meta and Microsoft reported earnings that beat analyst expectations…
South Korean auto and shipbuilding stocks rallied Thursday after Seoul and Washington finalized a trade deal announced back in July.Hanwha Ocean spiked as much as 14.9% while Samsung Heavy Industries climbed 8.33% at its peak. Defense product maker Firstec also rose as much as 9.7%.Automakers Hyundai and Kia saw gains of around 12% and 9% respectively.The agreement, detailed following a meeting between President Lee Jae Myung and U.S. President Donald Trump, includes lower U.S. tariffs on South Korean goods in exchange for a $350 billion investment pledge from Seoul — a move that could reshape trade and defense ties between…
Starbucks reported mixed quarterly results on Wednesday — but there was enough in the numbers and on the earnings call for us to continue betting on CEO Brian Niccol’s turnaround efforts. Revenue in the fiscal fourth quarter rose 5.5% on an annual basis to $9.57 billion, beating the consensus estimate of $9.35 billion, according to LSEG. Adjusted earnings per share (EPS) in the three months ended Sept. 28 totaled 52 cents, missing expectations of 56 cents, LSEG data showed. On an annual basis, adjusted EPS dropped 35%. Same-store sales increased 1% globally, driven by an increase in comparable transactions. That…
The ‘Fast Money’ traders talk how to play Meta following Q3 results. Source link
Head coach Chauncey Billups of the Portland Trail Blazers and Terry Rozier #2 of the Miami Heat.Soobum Im | Nick Cammett | Getty ImagesThe union that represents NBA players said Wednesday that it will challenge the suspension of pay for Miami Heat guard Terry Rozier, who was arrested last week on charges related to an alleged basketball betting ring.Rozier and Portland Trail Blazers head coach Chauncey Billups were placed on leave by the NBA after their arrests for separate gambling-related cases on Thursday, and their multi-million-dollar salaries are being withheld by their respective teams as a result, CNBC confirmed.”While we…
Meta Platforms shares were taking a beating in extended hours trading on Wednesday after management raised its expense guidance and took a massive tax charge. Revenue in the three months ended Sept. 30 climbed 26% year over year to $51.24 billion, easily outpacing the consensus estimate of $48.14 billion, according to LSEG. Adjusted earnings per share came in at $7.25 versus the $6.69 consensus, LSEG data showed. That earnings number does not include a nearly $16 billion, or $6.20 per share, one-time income tax charge due to the implementation of President Donald Trump’s One Big Beautiful Bill Act. Bottom line Given the…
South Korea’s benchmark Kospi Index has been on a record-breaking spree this month, hitting 16 intra-day records so far, propelled by a mix of AI-driven optimism about chip firms and sweeping corporate governance reforms. The rally has pushed the index past the 4,000 mark, with nearly 21% gains in October alone so far. The index has soared more than 72% this year, beating regional peers including Japan’s Nikkei 225, up 26%, and mainland China’s CSI 300 that has gained more than 19%. The rally in South Korea stocks reflects both global AI tailwinds and local structural changes that are steadily…
