Microsoft shocks Wall Street with $60bn buyback and major AI plans – what’s next?

Microsoft shocks Wall Street with $60bn buyback and major AI plans – what’s next?

In a bold move that underscores its financial strength and commitment to shareholders, Microsoft Corporation has announced a massive new $60 billion share buyback program. This decision comes as the tech giant ramps up its spending on artificial intelligence (AI) and seeks to showcase the returns on its investments. The company has also revealed a […]

Kroger stock jumps after strong profit report; CEO sees cautious spending among affluent customers

Kroger stock jumps after strong profit report; CEO sees cautious spending among affluent customers

Kroger Co. saw its stock price surge 6% after the company posted better-than-expected profit results for the second quarter. Despite an economic environment marked by cautious consumer spending, even among more affluent customers, Kroger’s adjusted earnings per share (EPS) reached $0.93, exceeding analyst predictions of $0.91. However, its diluted EPS came in at $0.64, and […]