(CNBC) Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The […]

(CNBC) Meta beat expectations on revenue and profit but delivered a lighter-than-expected revenue forecast. Zuckerberg told investors that the company would continue to spend billions of dollars investing in areas such as artificial intelligence and the metaverse, even though Meta […]

(Opalesque) Schroders Capital, a global private markets manager, and iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announce a strategic partnership that enables Schroders Capital to broaden access to wealth managers […]

(CNBC) U.S. stock futures fell on Wednesday night after tech juggernaut Meta Platforms reported its latest quarterly results. Traders also looked ahead to the release of key economic data later this week. Futures tied to the Dow Jones Industrial Average […]

(CNBC) Mark Zuckerberg started Meta’s earnings call by talking about artificial intelligence. Then he moved onto the metaverse, touting his company’s headsets, glasses and operating system. He spent almost the entirety of his opening remarks focused on the many ways Meta […]

(CNBC) IBM shares slipped as much as 9% in extended trading Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted. To read […]

(CNBC) A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion. The court ordered the seizure of funds in […]

(CNBC) Rubrik, a data-management software company backed by Microsoft priced its IPO at $32 a share. That’s above its expected range. The 10-year-old company sold 23.5 million shares ahead of its New York Stock Exchange debut on Thursday and will […]

(Hedgeweek) Appaloosa Management, the distressed debt-focused hedge fund firm founded by David Tepper and Jack Walton, has become the latest company to file a lawsuit over the wipeout of $17bn of high-risk bonds in UBS Group’s deal last year to […]

(CNBC) S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America. Futures tied to the broad index advanced 0.1%, while Nasdaq 100 futures popped 0.4%. Dow Jones Industrial Average futures traded near flat. […]

(CNBC) Tesla is eliminating 3,332 jobs across the state of California, and 2,688 jobs in Austin, Texas, according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states. The layoffs are part of a broader […]

(CNBC) The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The new rule is slated to go into effect […]