Nikkei 225 slides as Asian markets split on oil surge, Fed pause
Asian equities opened on Thursday on a divided note, with traders still grappling with some major pressures. The market is still weighing the impacts of a fresh surge in oil prices and the Federal Reserve’s April 29 decision to keep US
Microsoft stock falls 2% despite cloud revenue surging 40%
Microsoft shares fell 2% in after market trading even after posting stronger-than-expected results for its fiscal third quarter, with cloud and artificial intelligence driving broad-based growth that offered some relief to investors who had grown wary of the company's heavy
Alphabet stock surges 5% as sales beat estimates
Alphabet reported first-quarter revenue and profit above expectations, driven by strong performance in its cloud computing division. The results offer early signs that its heavy investments in artificial intelligence infrastructure are beginning to yield results. The parent company of Google said revenue
Meta stock plunges 6% after earnings leave investors disappointed
Shares of Meta Platforms fell sharply in extended trading on Wednesday after the company reported mixed first-quarter results, with a miss on user growth and lower-than-expected capital expenditures overshadowing a revenue beat. The stock dropped about 6% after hours. Meta shares
Dow falls for fifth straight day as oil surges and Fed holds rates
Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and