Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Microsoft posted earnings that fell short of expectations Tuesday while revenue topped Wall Street estimates.
The computer software maker earned 58 cents a share on revenues of $23.38 billion.
The company reported diluted EPS of 55 cents, but that figure included three cents worth of one-time charges. The 58-cent figure compares to analysts' estimate of 60 cents a share, according to a consensus estimate from Thomson Reuters.
During the same quarter a year ago, the company reported earnings of $4.96 billion, or 59 cents a share.
Shares initially fell as much as 3 percent in the wake of the news but soon recovered to trade near the flat line. (Click here to get the latest quotes.)
Microsoft's fiscal fourth-quarter revenue rose, but its profit fell, partly due to the effect of incorporating the handset business of Nokia, which it acquired in April.
Read MoreMicrosoft's mangledlayoff memo
"I'm proud that our aggressive move to the cloud is paying off—our commercial cloud revenue doubled again this year to a $4.4 billion annual run rate," said Satya Nadella, CEO of Microsoft.
Last week, Microsoft said it would cut up to 18,000 jobs during the next year, with about 12,500 related to the company's acquisition of Nokia's phone business in April. The cuts represent more than 14 percent of Microsoft's 127,000-person workforce.
As a result of the dismissals, Microsoft said, it will incur pretax charges of up to $1.6 billion for severance and related costs over the next four quarters.
"Microsoft needs to detail what their strategy is," said Ross Gerber, CEO of Gerber Kawasaki, which has a stake in the tech firm. "Morale is down. They are firing a ton of people. The way he did it is very harsh. Nadella has to tell us where is Microsoft going, what's the future growth for this company."
The move is designed to help Microsoft shift from being a primarily software-focused company to one that sells online services, apps and devices that it hopes will make people and businesses more productive.
"This new sheriff in town is bringing something I like," said Kevin O'Leary, one of the stars of the reality show "Shark Tank. "
"He's focused on the bottom line, focused on cash flow," O'Leary said of Nadella. "He's basically telling us that he doesn't care anymore—he wants to change the direction whether you like it or not."
The company also plans to close its Xbox Entertainment Studios, making it the first major technology firm to give up on the battle to create original programming, Re/code reported last week.
"It's really the beginning of 2015 their fiscal year that's going to get us most interested," said Max Wolff, economist at Milano Graduate School.
—By CNBC.com. Reuters contributed to this copy.
Disclosure: Shark Tank is a prime time reality show that airs on CNBC.