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

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

Secure 2.0 Lets Retirees Delay RMDs. That Doesn’t Mean They Should.

Text size It’s worth doing the calculations to determine whether taking RMDs earlier may ease your tax bill. Dreamstime The Secure 2.0 Act gives savers 72 and under an extra year before you have to withdraw money from your retirement accounts. But just because you can postpone your required minimum distribution (RMD) doesn’t mean you … Read more