House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Analysts think Microsoft's Azure cloud growth slowed in the fiscal fourth quarter. But Windows revenue could benefit from better-than-expected PC sales.Technologyread more
Trump said the USS Boxer fired on and destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
News Corp. reported mixed quarterly earnings on Monday.
The media company posted fourth-quarter adjusted earnings of 10 cents per share on $2.23 billion in revenue. Adjusted quarterly sales grew 5 percent from $2.12 billion during the comparable year-ago period.
Analysts expected the global media company to post earnings of 13 cents a share on $2.06 billion in revenue, according to a Thomson Reuters consensus estimate.
The stock was last flat in extended trading.
News Corp.'s news and information services unit, which includes Dow Jones and The Wall Street Journal, saw year-over-year revenue growth of $13 million or nearly 1 percent. The segment has seen year-over-year declines in revenue in recent quarters.
News Corp. Chief Executive Officer Robert Thomson said in a statement that the company has "made clear progress on our primary goals – to become more digital and more global."
The company also said that digital revenue grew to 23 percent of the unit's total revenue, up from 19 percent in the comparable year-ago period.
Thomson said, however, that "global print ad trends remain challenging at our News and Information Services segment." Advertising revenue for the unit declined 5 percent, which the company partially attributed to "weakness in the print advertising market."
This decline, which included some "$17 million of negative impact from foreign currency fluctuations," was offset by $33 million gained during the extra week in the quarter, News Corp. said.
Within the news and information services segment, digital subscribers to News Corp. U.K.'s The Times and The Sunday Times grew about 6 percent to 182,500. The company said during its earnings call that the British newspapers may have benefited from coverage of the U.K. referendum vote to leave the European Union.
Rupert Murdoch, executive chairman of News Corp., was recently named chairman and acting CEO of Fox News Channel and Fox Business network following the resignation of Roger Ailes. Murdoch has previously served as executive chairman, chairman and CEO of 21st Century Fox.