Microsoft reported second-quarter earnings late Wednesday.The company's AI and cloud computing sales results were lower than analysts expected.Microsoft's stock was one of several hit after DeepSeek's AI model announcement on Monday.Microsoft's earnings on Wednesday showed strong growth in its AI business — just not enough to reassure investors. Sales tied to Azure and other cloud computing grew 31% in fiscal Q2, slightly slower than the 31.8% analysts surveyed by Bloomberg estimated.Meantime, CEO Satya Nad ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

QUINCY, Mass., Jan. 29, 2025 /PRNewswire/ -- CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal Savings Bank (the "Bank"), today announced a net loss of $162,000, or $0.03 per basic and diluted share, for the three months ended December 31, 2024, a net loss of $6,000, or $0.00 per basic and diluted share, for the three months ended September 30, 2024, and a net loss of $210,000, or $0.03 per basic and diluted share, for the three months ended December ...

WESTMINSTER, Colo., Jan. 29, 2025 /PRNewswire/ -- Ball Corporation's (NYSE: BALL) board of directors (the "Board") today declared a cash dividend of 20 cents per share, payable March 17, 2025, to shareholders of record as of March 3, 2025. In addition, the Board also authorized the repurchase by the company of up to $4 billion of its common stock. The repurchase authorization replaces all previous authorizations."Today's increased share repurchase authorization will enable our ongoing multi-year return of c ...

CHARLOTTE, N.C., Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 per share, payable on March 28, 2025 to shareholders of record as of March 7, 2025.The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on April 25, 2025 to shareholders of record as of April 11, 2025.Bank o ...

Meta says it will fight a $831 million fine levied against the tech giant by the European Union.A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping into user data to give its Facebook Marketplace service an unfair advantage.As the Bloomberg report noted, the appeal escalates Meta’s ongoing conflict with the EU over its Big Tech crackdown.It also follows President Donald Trump’s recent comments that EU ...

Chairman, President and Chief Executive Officer of IBM Arvind Krishna attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, Jan. 22, 2025.IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue.The shares rose 10% in extended trading. It's the largest rise in IBM's stock price since March 2020. Here's how the company did versus LSEG consensus expectations:Earnings per share: $3.92, adjusted, versus $3.75 expectedRevenue: $17 ...

The Pioneer Of Seeking Alpha's BAD BEAT Investing, Quad 7 Capital is a team of 7 analysts with a wide range of experience sharing investment opportunities for nearly 12 years. They are best known for their February 2020 call to sell everything & go short, & have been on average 95% long 5% short since May 2020. The broader company has expertise in business, policy, economics, mathematics, game theory, & the sciences. They share both long & short trades & invest personally in equities they discuss within the ...

Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. The company said it expects sales to decline between 1% and 2%, well behind estimates of 3.7% growth, according to LSEG. It also anticipates adjusted earnings per share will be between $1.20 and $1.25, below estimates of $1.37, according to LSEG. Shares fell about 4% in extend ...