Microsoft stock turns green after strong sales forecast, reversing a post-earnings decline

Microsoft Corp sales topped $50 billion for the first time in the holiday quarter of 2021, and a stock slump turned around in late trading Tuesday after the software giant forecast stronger revenue in the current quarter than analysts had expected. Microsoft MSFT, -2.66% It reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a … Read more

Asian markets mixed in slow trading ahead of Fed meeting

TOKYO – Asian stocks were mixed in silent trading on Wednesday as many investors remained on the sidelines ahead of the US Federal Reserve meeting that will signal how aggressively it will fight inflation. Japan’s Nikkei 225 NIK Index, -0.35% It fell 0.4% in morning trading, while South Korea’s Kospi Index fell 180,721, -0.38% It … Read more

Netflix stands to shed nearly $45 billion in market cap after ‘borderline catastrophic’ forecast

Netflix brought in more than 8 million new subscribers in the quarter, but executives predicted that growth would suffer more than expected at the start of 2022, sending shares tumbling in after-hours trading. Netflix NFLX, -1.48% Thursday announced 8.3 million new paid subscribers in the fourth quarter, beating its forecast of 8.5 million but nearly … Read more