Microsoft’s first data center in Mount Pleasant, Wisconsin. Microsoft RACINE, Wis. — Microsoft said Thursday that it will spend $4 billion to build a second data center in Wisconsin. The first one will come online in early 2026, with the software company spending $3.3 billion on it. The first Wisconsin data center will house hundreds…
An Adobe sign hangs along Main Street during the 2025 Sundance Film Festival on Jan. 27, 2025 in Park City, Utah. David Becker | Getty Images Adobe reported fiscal third-quarter results that topped analysts’ estimates. The design software maker’s shares rose in extended trading. Here’s how the company did in comparison with LSEG consensus: Earnings…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street, highlighting new economic data and the expected unveiling of Apple‘s latest iPhone. He also warned that September is usually a tough month for the market as a whole. “As we head into the next week, keep in mind that we’re stuck in…
President Donald Trump shakes hands with Microsoft CEO Satya Nadella during an American Technology Council roundtable at the White House in Washington on June 19, 2017. Nicholas Kamm | AFP | Getty Images Microsoft has agreed to give the U.S. General Services Administration $3.1 billion in potential savings over the course of a year on…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
Jaque Silva | Nurphoto | Getty Images Jeff Wang got a big promotion last month. There were lots of tears, but not the happy kind. The 39-year-old was unexpectedly named interim CEO of artificial intelligence coding startup Windsurf. The company had been in discussions with OpenAI about a potential acquisition that would have resulted in…
Shares of Salesforce rallied Friday as Wall Street bets that activist pressure may again help revive an otherwise dragging stock. Jeff Smith’s Starboard Value increased its stake in Salesforce by 47% during the second quarter, according to a securities filing , ending the month of June with a position worth $341.5 million. Starboard also added…
My top 10 things to watch Monday, Aug. 11 1. Melius Research’s Ben Reitzes downgraded Adobe to sell from hold, arguing that an AI-driven multiple contraction phase is in the early innings for software-as-a-service (SaaS) companies. That includes the likes of Atlassian and Club stock Salesforce . It can still get worse for these names,…
Dylan Field, co-founder and CEO of Figma, signs the guestbook on the floor of the New York Stock Exchange in New York on July 31, 2025. Michael Nagle | Bloomberg | Getty Images Mark Zuckerberg may be the most famous college-dropout-turned-tech-billionaire. Dylan Field is the latest, after his design startup Figma soared in its stock…
