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Everyone knows Microsoft (NASDAQ: MSFT) and its best-known products, including the Windows operating system and Microsoft 365 suite of productivity apps, but its growing cloud computing platform, Azure, is the future of the company. Microsoft stock has been a millionaire maker for decades, with a stock split adjusted IPO price of $0.14, which means at […]
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Microsoft (MSFT) Price Prediction and Forecast 2025-2030

The Independent

Major stocks fell dramatically Wednesday after several companies reported disappointing earnings, sparking a tech selloff and the biggest Wall Street bloodbath in nearly two years. By market close, the Nasdaq had dropped a whopping 3.6 percent and the S&P 500 was down 2.31 percent – the worst single-day decline for either index since October and December 2022, respectively. The Nasdaq sat at 17342.41 at market close, while the S&P 500 sat at 5,427.13Even the Dow Jones saw a 504.2-point drop – or more than 1 percent - to 39,853.87.The decline can be attributed to disappointing second-quarter results from Tesla and...

Nasdaq takes biggest dive in nearly 2 years as tech earnings spark selloff

Fortune

Investors had hoped companies would get a quick payoff from developing and deploying AI. But that's looking less likely as the costs spiral and revenue lags.

This week’s tech selloff shows Wall Street is getting nervous about businesses betting the bank on AI

The U.S. Department of Justice asked a federal appeals court late on Friday to uphold an April law requiring China-based ByteDance to sell TikTok's U.S. assets by Jan. 19 or face a ban. The DOJ argued in its filing that TikTok under Chinese ownership poses a serious national security threat...

Justice Dept. asks court to reject TikTok challenge to crackdown law

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NewsByJoshua

Rite Aid is making headlines again, but unfortunately, not for the best reasons. The essential pharmacy chain is closing a staggering 400 stores, a major uptick from the 143 closures initially planned when it filed for Chapter 11 bankruptcy last October.

A large retail chain is shutting down hundreds stores after going through Chapter 11 bankruptcy

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update - The Look Ahead

Two-thirds of Americans drink coffee every single day, according to data collected by the National Coffee Association in 2022. But despite its popularity, there are plenty of myths about coffee and it can be difficult to know what's true. On TikTok alone, there are 52 million posts doling out advice...

Don't believe these 3 myths about coffee, say registered dietitians

By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. It also serves as a reminder of the human impact of layoffs and what could be at stake in regards to increased innovation.

A comprehensive list of 2024 tech layoffs

Asheville, NC

Twice a week, Elizabeth Morosani gets up before 7 a.m., puts on her sun sleeves and spends the next three hours atop a John Deere lawn mower. Her side hustle requires it: She's converted 11 acres of her land, split between three properties around Asheville, North Carolina, into private dog parks. She rents out the spaces to local pet owners on an Airbnb-style platform called Sniffspot.

50-year-old's backyard side hustle brings in up to $8,400 a month: 'There's definitely room for everyone to do this'

Indiana State

Franklin, IN

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

It's unclear if merger deregulation will jumpstart consolidation among larger media companies. In the last five years, every large media merger has led to tens of billions in lost value for shareholders. Even if big deals haven't worked, it's only fair to judge them against what would have happened had...

Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite

Excitement surrounding stock splits has taken Wall Street by storm in 2024. July has been a busy month, with an international conglomerate, high-end retailer, and artificial intelligence (AI) networking solutions provider all executing forward splits. However, Wall Street's newest stock-split stock has a $24 billion market cap that's built atop...

Wall Street's Newest Stock-Split Stock Should Be Avoided Like the Plague -- and I'm Not Talking About Broadcom

It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Jumia: "It's not making a lot of money." Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in...

Cramer's Lighting Round: Broadcom is 'absolutely terrific'

Liz Ann Sonders, Charles Schwab chief investment strategist, joins 'Closing Bell' to discuss the markets, the Nasdaq dipping and cracks showing across the economy.

Fade low quality small caps, says Charles Schwab's Liz Ann Sonders

Social Security is a major source of income for most retirees. Yet most people don't know how much income they may receive from the program. Here's how to access your Social Security retirement benefit estimate. For most retirees, Social Security benefits is a major source of income. Yet, just 11%...

Most people don't know how much their Social Security retirement benefits may be. Here's how to tell

Bill Baruch, Founder & President Blue Line Capital, joins CNBC’s “Halftime Report” to discuss his latest trades.

Trade Tracker: Bill Baruch sells Phillips 66

Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

Google is close to making its biggest acquisition ever

Nvidia is the market leader in data-center GPUs and AI processors, and its CUDA software affords the company a virtually unassailable competitive moat. Nvidia has historically launched new GPU architectures every two years, but the company will push its product roadmap to a one-year rhythm after 2024. Wall Street expects...

1 Stock-Split AI Stock to Buy Before It Soars 260% to $10 Trillion, According to Certain Wall Street Analysts

NewsBreak

I'm 'most bullish' on Microsoft, says Madrona's Matt McIlwain after Big Tech's bumpy week

Matt McIlwain, Madrona Venture Group managing...

I'm 'most bullish' on Microsoft, says Madrona's Matt McIlwain after Big Tech's bumpy week

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