Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Microsoft CEO Satya Nadella on Monday suggested that Microsoft could grow more from its Office 365 line of cloud productivity apps than anything in the company's 43-year history.
With business editions of Office 365, Microsoft faces competition from Google, as well as younger players like Box and Dropbox, in the race to get companies collaborating in apps running on remote cloud servers.
"The growth opportunity for what is Office 365 is a lot bigger than anything we've achieved, even with our high penetration in the client-server world," Nadella said at the Morgan Stanley Technology Media and Telecom conference in San Francisco.
When companies transition from Microsoft's traditional licensing business to cloud-based subscriptions, it's "not a one-for-one move," Nadella told Morgan Stanley analyst Keith Weiss at the event. Microsoft recently introduced the Microsoft 365 bundle, which includes Office as well as Windows, along with enterprise security and mobility services.
Nadella also talked up the company's potential in the Azure public cloud infrastructure business, where it competes with Google as well as Amazon Web Services.
"We had a good business in our server business, but this business is orders of magnitude bigger than what used to be a successful server business," he said.
At the same time, Microsoft has also found rising revenue in the sale of cloud-based business intelligence software for charting and analyzing corporate data, with the Power BI product, which competes with Salesforce's Analytics Cloud and Tableau.
"We went from nowhere to being the leader in BI in the cloud," Nadella said. Microsoft expects Power BI to have a $500 million annualized billings run rate for its 2018 fiscal year, he said.
Plus, the Dynamics 365 offering, which includes a tool for managing relationships with customers, grew 70 percent in the most recent quarter, Nadella said.
Nadella took over from Steve Ballmer as the head of Microsoft four years ago.