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Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings – 31 Jul

Posted on
July 31, 2024
by
moneysmart-girl

 

Stock Market News
Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings – CNBC
PayPal lifts 2024 profit forecast for second time as spending holds up, margins improve – Reuters
JetBlue jumps 17% after surprise profit, $3 billion aircraft spending deferral – CNBC
Buffett’s sales of Bank of America stock top $3 bln – Reuters
AMD says data center sales more than doubled in a year – CNBC
US consumer confidence rises in July; inflation expectations steady – Reuters
Intel plans to cut thousands of jobs to finance recovery, Bloomberg News reports – Reuters

 

 

Trends to Watch
Customers Reach Their Breaking Point: Starbucks sales tumble as customers reject high-priced coffee (CNN)
Good Question: Why is ETH demand lacking post-Ethereum ETF? (Cointelegraph)
Chipped: Nvidia Stock Dropped Ahead of Big Tech Earnings (Barron’s)
Workforce Reduction: Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound (Bloomberg)
Consequences for Crypto: Bitcoin Investors Are Watching Bank of Japan Moves Ahead of Fed Rate Decision (Decrypt)

 

 

 

 

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