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Microsoft Corporation (MSFT) has successfully transitioned to cloud computing from its past focus on data centers and packaged software. For the fiscal 2023 first quarter ended September 30, 2022, the company reported revenue of $50.12 billion, up 11% year-over-year, primarily driven by growth in Intelligent Cloud and Productivity and Business Processes. The company’s Intelligent Cloud …

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Last year was challenging for tech stocks due to various macroeconomic headwinds, including multi-decade high inflation, the Fed’s aggressive rate hikes, and geopolitical instability owing to Russia’s invasion of Ukraine. The tech-heavy Nasdaq Composite lost more than 25% over the past year. However, with inflation showing signs of cooling recently, the Fed is expected to …

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The biotech industry has thrived amid the pandemic. Moreover, the National Biotechnology and Biomanufacturing Initiative of the Biden-Harris Administration is expected to fuel the industry’s future expansion. Additionally, biotechnologies are becoming essential for meeting all nations’ basic needs, such as providing for their populations’ food, fuel, and medical conditions, safeguarding the environment, and producing the …

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The stock market witnessed heightened volatility last year due to lingering macroeconomic and geopolitical headwinds. While inflation cooled for two consecutive months, minutes from the Federal Reserve’s December meeting show that policymakers expect to continue increasing rates in 2023 and keep them higher for ‘some time’ until the 2% inflation target is met. Bloomberg’s monthly …

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The semiconductor industry witnessed a decline in its performance last year in the face of aggressive interest rate hikes by the Fed and escalating tensions between the United States and China. The Semiconductor Industry Association (SIA) announced global semiconductor industry sales were $45.50 billion during November 2022, a decrease of 2.9% compared to October 2022 …

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Media and technology company Comcast Corporation (CMCSA) beat analysts’ revenue and earnings estimates in the third quarter despite the uncertain macroeconomic environment. CMCSA’s EPS came 6.5% above the consensus estimate. Although its revenue declined slightly from the previous year, it beat analyst revenue estimates by 0.6%. After failing to add any new broadband customers in …

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With inflation hovering around its four-decade peak in June last year, the Federal Reserve is committed to returning inflation to its 2% target. During its December meeting, the Fed raised its federal fund’s rate target to 4.25%-4.5%. Moreover, policymakers predict that interest rates will remain high for longer, and the terminal rate to reach as …

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E-commerce and logistics company ContextLogic Inc. (WISH) witnessed immense growth during the COVID-19 pandemic due to a surge in online shopping as consumers stayed at home. However, the company could not sustain its growth with the reopening of the economy and a return to physical shopping. The e-commerce company had a challenging 2022 amid supply …

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As per the minutes released recently from the central bank’s December meeting, the Fed officials are committed to fighting inflation and expect higher interest rates until more progress is made. Moreover, the FOMC had already expressed the importance of keeping the restrictive policy in place while inflation holds unacceptably high. Additionally, the number of Americans …

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Inflation reached a four-decade high last year, pressuring the Federal Reserve to raise interest rates aggressively. The Fed’s hawkish stance to stamp out persistent inflation is finally yielding results, as inflation cooled for a straight second month in November 2022. The Consumer Price Index (CPI) rose 7.1% year-over-year, down from 7.7% in October and better …

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