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date
01/05/2025
European Central Bank Blog: The consumer response may not just be a temporary reaction to the increase in tariffs. It may indicate a longer-term structural shift in consumer preferences, gradually moving away from American products and brands. It seems that the presence of tariffs itself will prompt many consumers to reconsider their purchasing decisions.
Latest
2 m ago
The euro fell 0.56% against the US dollar to 1.1320.
2 m ago
The US dollar index rose by 0.50% during the day, now trading at 99.70.
2 m ago
Meta Platforms: We expect our total spending for the full year of 2025 to be between $1130-1180 billion, lower than our previous forecast of $1140-1190 billion. We continue to monitor the active regulatory environment, including legal and regulatory headwinds in the EU and the US that could have a significant impact on our business and financial performance.
3 m ago
Microsoft's quarterly performance exceeded expectations, driven by strong expansion in the cloud computing department.
3 m ago
Microsoft's quarterly sales and profits, which were better than expected, indicate that customer demand has not been affected by tariffs and broader economic uncertainty. In a statement released on Wednesday, Microsoft reported a 13% increase in total revenue to $70.1 billion and an adjusted earnings per share of $3.46. Analysts had previously expected revenue of $68.5 billion and adjusted earnings per share of $3.21. Revenue from Azure cloud computing services grew by 33%, exceeding Wall Street's expectations. As the world's largest software developer, Microsoft is considered a leader in the commercialization of artificial intelligence products, thanks to its close collaboration with ChatGPT developer OpenAI. In addition to providing computing infrastructure, Microsoft has also introduced artificial intelligence assistants in applications such as Office and Excel. Due to market sell-offs, the company's stock price has fallen by about 6% so far this year as of Wednesday's closing.
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