News

Fed Chair Jerome Powell urged Congress to establish clearer crypto regulations, noting the need for better investor protections.

New FASB rules allow for corporate bitcoin owners to mark those assets to market.

(Bloomberg) -- A bond trader appears to have hit the jackpot on a one-day options bet that Treasury yields would climb Wednesday after the Federal Reserve’s decision, potentially raking in millions of dollars in profits.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s M

Microsoft reported fiscal second-quarter Intelligent Cloud revenue that missed analysts’ expectations, sending shares lower after the bell Wednesday.

Enterprise workflow software maker ServiceNow (NYSE:NOW) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 21.3% year on year to $2.96 billion. Its non-GAAP profit of $3.67 per share was in line with analysts’ consensus estimates.

Tech giant Microsoft (NASDAQ:MSFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 12.3% year on year to $69.63 billion. Its GAAP profit of $3.23 per share was 4% above analysts’ consensus estimates.

Wall Street analysts see AI boosting Meta's performance this year. The tech titan could also be a big winner amid the drama swirling around TikTok.

With Tesla set to release its latest quarterly earnings report, Wall Street thinks the stock can keep rising on a "golden age" for automation and AI.

Semiconductor equipment maker Lam Research (NASDAQ:LRCX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 16.4% year on year to $4.38 billion. On top of that, next quarter’s revenue guidance ($4.65 billion at the midpoint) was surprisingly good and 7.7% above what analysts were expecting. Its non-GAAP profit of $0.91 per share was 3.5% above analysts’ consensus estimates.

Leading data storage manufacturer Western Digital (NASDAQ: WDC) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 41.3% year on year to $4.29 billion. On the other hand, next quarter’s revenue guidance of $3.85 billion was less impressive, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $1.77 per share was 2.7% below analysts’ consensus estimates.