Microsoft Earnings Beat Expectations. Why the Stock Is Dropping.

Text size Microsoft is experiencing a slowdown in the growth of its cloud computing business. Gerard Julien/AFP via Getty Images Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the March quarter, causing the stock to drop. While the company … Read more

The Art Behind Supply Chains is Front and Center at a Museum Exhibit

At a small gallery tucked behind the cavernous atrium at the Museum of Modern Art in Midtown Manhattan on a recent day, visitors lingered before a sprawling work, a series of dots, lines and diagrams in a seemingly abstract design against a stark, black background. The piece, laced with text in tiny print, is nothing … Read more

‘It is an employer’s market’: Tech layoffs may have turned the Great Resignation into the Great Recommitment

The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in the industry. “It is an employer’s market after years of employees having the benefit of working from home [and] more jobs with higher … Read more

US Treasurys at ‘critical point’: Stocks, bonds correlation shifts as fixed-income market flashes recession warning

Bonds and stocks may be getting back to their usual relationship, a plus for investors with a traditional mix of assets in their portfolios amid fears that the US faces a recession this year. “The bottom line is the correlation now has shifted back to a more traditional one, where stocks and bonds do not … Read more

Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money

US authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based … Read more

Why the stock market isn’t impressed with the first monthly decline in consumer prices in more than 2 years

Inflation data may no longer be the big catalyst for stocks that it once was. US stocks bounced around to a higher close on Thursday, even though investors received some encouraging inflation news after the consumer-price index for December showed its first monthly decline since the pandemic swept across the globe in 2020. Considering that … Read more

Inflation slows again and clears the path for slower Fed rate hikes

The numbers: The US cost of living fell 0.1% in December and posted the first decline since the onset of the pandemic in 2020, pointing to a further slowdown in inflation after it hit a 40-year peak last summer. Economists polled by The Wall Street Journal had forecast a 0.1% drop in the consumer price … Read more

Opinion: Why a prominent Tesla investor wants Elon Musk to put him on the board

Ross Gerber is well-known in certain circles as a longtime Tesla Inc. investor, thanks to being a bullish voice on Twitter about the electric-vehicle company. As Tesla TSLA, +5.93% stock has plummeted in recent months while Chief Executive Elon Musk sells shares and focuses on his newer toy, Twitter Inc., Gerber has changed his tune … Read more

You can earn 3%-4% on your savings account. 7 smart ways to save more in 2023

Converting your monthly billpay to paperless can result in “over $1,000 a year in savings”, according to an expert. Getty Images/iStockphoto The No. 1 financial new year’s resolution for 2023 is to boost savings, according to a recent Bank of America survey. And while building a savings account has never been easy, many savings accounts … Read more

Opinion: 11 predictions for money, technology, stocks and crypto for 2023

Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early in 2022. Following this year of turmoil, the timing may just be right for us to see the economy morph into … Read more