LONDON (AP) — TikTok is in the crosshairs of authorities in the U.S., where new legislation threatens a nationwide ban unless its China-based parent ByteDance divests. It would be the biggest blow yet to the popular video-sharing app, which has faced various restrictions around the world. TikTok is already banned in a handful of countries and from government-issued devices in a number of others, due to official worries that the app poses privacy and cybersecurity concerns. Those fears are reflec
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft and Alphabet earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold. After a day in which Meta's outsize spend on artificial intelligence appear to spook investors and sent both its stock and the wider tech sector into tailspin, its rivals appeared to steady the ship overnight. Microsoft beat estimates for its quarterly revenue and profit, driven by gains from adoption of artificial intelligence across its cloud services, and its shares jumped more than 4% in extended trade.
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
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