ASML, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the U.S. to restrict China’s access to high-end technology.
The recent problems at Brazilian retailer Americanas SA are actually helping MercadoLibre Inc., whose stock price is poised for its best January since the company went public in 2007.
Microsoft (ticker: MSFT) posted solid results in cloud computing and enterprise applications, despite weakness in its PC software business. In particular, the Azure public cloud business beat Wall Street growth estimates, which is a relief to investors nervous about the outlook for corporate IT spending.
Stocks were mixed on Tuesday as investors parsed the latest quarterly earnings reports. Next week's Fed move looms large.
The two largest U.S. defense contractors said ongoing supply chain challenges are hampering efforts to deliver on record weapons orders.
Canada's oil-sands industry is examining how many workers it will need to build the carbon capture system that's key to its emissions-reductions pledges.
The US Justice Department is preparing to file a lawsuit against Alphabet Inc.'s Google as soon as Tuesday over the company's dominance in the digital advertising market, according to sources familiar with the matter.