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Microsoft Erases Gains After Saying Azure Growth to Decelerate

On: January 25, 2023

(Bloomberg) — Microsoft Corp. said revenue growth in its Azure cloud-computing business will decelerate in the current period and warned of a further slowdown in corporate software sales, fueling concern about a steeper decline in demand for the products that have driven its momentum in recent years. Most Read fromContinue Reading

Amazon erases 3.5% gain to turn negative, heads for 8th-straight loss

By: Bill Muskegy

On: November 4, 2022

In: Breaking News

Shares of Amazon.com Inc. AMZN, -0.71% slipped 0.7% in afternoon trading Friday, erasing earlier intraday gain of as much as 3.5%, to put it on track for the lowest close since March 16, 2020. A lower close would mark the fifth-straight day that the ecommerce giant’s stock gained at leastContinue Reading