Business

Microsoft’s quarterly sales and profit surge, beating Wall Street expectations

Microsoft’s quarterly sales and profit surge, beating Wall Street expectations

REDMOND, Wash. (AP) — Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion. The software maker also reported a 22% increase in quarterly profit to $30.8 billion, or $4.13 ...

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Starbucks sales improve but store closures and layoffs take a bite out of profits

Starbucks sales improve but store closures and layoffs take a bite out of profits

Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved. The Seattle-based company said its net revenue rose 5% to $9.6 billion in the July-Septembe...

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Boeing pushes 777X jet deliveries to 2027 amid certification delays

Boeing pushes 777X jet deliveries to 2027 amid certification delays

Boeing reported mixed third-quarter results on Wednesday, as higher aircraft deliveries and a growing backlog of orders were offset by continued certification delays for its 777X jets. CEO Kelly O...

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Federal health officials push effort to spur cheaper biotech drugs

Federal health officials push effort to spur cheaper biotech drugs

Federal regulators are trying to make it easier to develop cheaper alternatives to powerful drugs that many Americans depend on to treat autoimmune diseases or cancers. The Food and Drug Administr...

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Making EVs takes big energy, but after 2 years, they’re cleaner than gas-fueled cars, study finds

Making EVs takes big energy, but after 2 years, they’re cleaner than gas-fueled cars, study finds

DETROIT (AP) — Making electric vehicles and their batteries is a dirty process that uses a lot of energy. But a new study says that EVs quickly make up for that with less overall emissions through...

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Nvidia has started the $5 trillion club. A look at its rise, by the numbers

Nvidia has started the $5 trillion club. A look at its rise, by the numbers

Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the compa...

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