Microsoft Bing Chief to Step Down as Suleyman Takes Over as AI Leader

Microsoft Bing Chief Exiting Role After Suleyman Named AI Leader

In a recent announcement from Microsoft Corp., Mikhail Parakhin, head of Bing search engine and advertising businesses, is set to exit his current roles to explore new opportunities within the company. This news comes just a week after Mustafa Suleyman was appointed to oversee consumer artificial intelligence efforts, with Parakhin being asked to report to … Read more

Insights from a seasoned investor: Unveiling the strategy behind selecting growth stocks in Microsoft and Nvidia

How this long-time holder of Microsoft and Nvidia picks growth stocks

Investing in the Harbor Capital Appreciation fund may seem like a play on momentum stocks, given its top holdings in companies like Microsoft, Nvidia, and Apple. However, a closer look reveals that these bets have been in place for several years, showing a commitment to long-term growth. Managed by Jennison Associates since 1990, the Harbor … Read more

Warren Buffett reduces Activision stake as Microsoft acquisition draws near

Warren Buffett's Berkshire Hathaway cuts Activision stake as Microsoft deal inches closer

Warren Buffett’s Berkshire Hathaway Dumps Activision Blizzard Stake as Microsoft Acquisition Nears Warren Buffett, the chairman and CEO of Berkshire Hathaway, is making moves in the investing world. The conglomerate recently disclosed that it has significantly reduced its stake in Activision Blizzard as Microsoft’s deal to acquire the video game company gets closer to completion. … Read more

Microsoft announces layoffs and $1.2 billion charge as tech industry contracts

Microsoft is laying off 10,000 employees

On Wednesday, Microsoft announced that it will be letting go of 10,000 employees through March 31st as the company anticipates slower revenue growth. In addition, Microsoft will also be taking a $1.2 billion charge. This news comes as several other technology companies, such as Alphabet, Amazon, and Salesforce, have also recently reduced their headcount. The … Read more

Why investors should still love stocks like Apple, Amazon, Microsoft, and Google: Morning Brief

Big Technology Stocks

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, August 8, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. I stunned my co-anchor Julie Hyman on Friday when I expressed … Read more

Stock futures rise ahead of key Fed decision, Microsoft and Alphabet pop after earnings

US Stock Futures

Stock futures climbed on Wednesday morning, boosted by strong gains from Google-parent Alphabet and Microsoft, as traders await the Federal Reserve’s latest interest rate decision, scheduled for later in the day. Futures on the Dow Jones Industrial Average rose by 162 points or 0.5%. S&P 500 futures gained 1%, and Nasdaq 100 futures increased 1.6%. … Read more

Facebook’s stumbling ad business lies at the center of tech earnings week

Facebook Meta Logo

It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday. Sandwiched in between them is Meta on Wednesday. Investors in all five names are hurting this year as surging inflation, rising interest rates and fears of … Read more

Markets face what could be the most important week of summer with Fed, earnings and economic data

A Trader works on the floor of the New York Stock Exchange NYSE

There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — report Tuesday and Thursday, respectively. Google parent Alphabet releases results Tuesday, and Amazon reports Thursday. Meta Platforms, formerly Facebook, reports Wednesday. In all, more than a third … Read more

Look beyond equity markets

Global Equity Market Capitalization

Equity futures look to be fading into the night and important levels to have been breached: S&P 4400, QQQ 350, AMD 100. It is important to understand the controlling narrative of the market: Energy/commodities/resources need to peak and China’s supply chain issues need to settle before the bond market can stop free-falling. Expect more heightened volatility, … Read more