Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th
Wall Street and the dollar tumble as investors retreat further from the United States - Yahoo + MORE Apr 21st
The best GIC rates in Canada for 2025 + MORE Jul 7th
Colleges and universities face job cuts, deficits amid international student cap - CP24 Nov 23rd
Activision Confirms 'Call of Duty' Features AI-Generated Visuals - CNET Feb 25th
Making sense of the markets this week: August 4, 2024
– moneysense.ca
Mixed results for Magnificent 7
The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news.
Microsoft stock sold off on Tuesday even after the company narrowly beat Wall Street expectations for its fiscal fourth-quarter results and handily surpassing results from a year ago. Investors have been scrutinizing figures for AI operations in particular; Microsoft’s Intelligent Cloud revenue rose 19% year over year and contributed 8 percentage points of growth to its Azure and other cloud services revenue, which grew 29%. Evidently, that wasn’t enough.
Facebook and Instagram owner Meta Platforms, by contrast, easily bested analyst forecasts for the second quarter. It boosted net income by 73% over the same quarter last year and is gaining advertising market share over archrival Alphabet. Compared to its Mag 7 peers, Meta has been a stock-market laggard since 2022 but undertook a cost- and job-cutting campaign that now appears to be paying off…
