Microsoft forecasts cloud sales above expectations
Microsoft Corp on Wednesday forecast sales for its cloud computing services that topped analysts' estimates, even as quarterly growth slows for its Azure business.
Market wire
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Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
U.S. trade envoy meets lawmakers on U.S.-Mexico-Canada deal as time runs short
U.S. Trade Representative Robert Lighthizer met this week with Democratic lawmakers to try to resolve their concerns about the U.S.-Mexico-Canada (USMCA) trade agreement as Republicans increased...
Spirit Airlines commits to 100 Airbus jets amid tariff dispute
U.S. budget carrier Spirit Airlines on Wednesday unveiled a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S....
Johnson & Johnson says proposed opioid settlement to lower reported third-quarter profit by $3 billion
Johnson & Johnson on Wednesday lowered its previously reported profit for the third quarter to $1.8 billion from $4.8 billion to account for a proposed opioid...
Forecast points to deepening Illinois budget deficit
Illinois' budget deficit will top $3 billion and its pile of overdue bills will hit a new record high by fiscal 2025 if the state's "unsustainable"...
Tesla surprises with quarterly profit on record deliveries, shares up 21%
Tesla Inc on Wednesday surprised investors by posting a profitable third quarter, boosted by record deliveries, cost cuts and improved production schedules for its new electric...
Ford's third-quarter profit falls, full-year profit outlook cut
Ford Motor Co on Wednesday posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due...
PayPal tops Wall Street estimates on higher customer traffic, shares rally
PayPal Holdings Inc reported a better-than-expected quarterly profit on Wednesday as more people used its payment processing platform to make transactions and forecast full-year adjusted profit...
EBay forecasts holiday-quarter revenue below estimates, shares fall 3%
EBay Inc forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com and Walmart Inc in the run-up...
Huawei exposure roils Xilinx's revenue forecast
Xilinx Inc on Wednesday forecast current-quarter and full-year revenue below Wall Street estimates, the second major chipmaker this week to flag the impact of a prolonged...
Google unveils quantum computer breakthrough; critics say wait a qubit
Alphabet Inc's Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem...
U.S. FAA must restore 'public confidence' in plane certification -inspector general
The Federal Aviation Administration (FAA) must work to restore "public confidence" in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department's...
WeWork's new chairman defends payouts to founder, says company will survive
WeWork's new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company's founder Adam Neumann and said there is now "zero risk of...
Slower growth in Microsoft cloud business casts shadow over results
Microsoft Corp's Azure cloud services grew more slowly in its first quarter even as profit and revenue beat estimates, the company said on Wednesday, a sign...
Wall Street ticks higher, but chip stocks tumble
U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue...