Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding U.S. growth back was the Federal Reserve.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
Microsoft on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.
Microsoft released the tools ahead of its software developer conference next week in Seattle. Once known mostly for its Windows personal computer operating system, the company now relies on revenue growth from its cloud-based computing and software services, most of which are sold to other businesses.
While Microsoft still trails the cloud computing leader Amazon.com Incs Amazon Web Services in revenue, it has taken a different approach to the market, designing many of its services to be run in either Microsoft's Azure data centers, its customers private data centers, or a combination of the two.
Amazon, by contrast, at first asked customers move their data to its own servers, though it too has in recent years moved toward Microsoft's "hybrid" approach.
One new service from Microsoft helps online retailers recommend products based on shopping history and can be combined with a retailer's existing recommendation engine, said Scott Guthrie, Microsoft's cloud and artificial intelligence chief.
"They're using ours in addition to the existing system they had and seeing some tremendous wins in terms of productivity as part of it," Guthrie said. "I don't think it's going to be necessarily always a winner takes all."
Microsoft is also releasing tools to let users make artificial intelligence models without having to write the underlying code. Those models can then be "trained" using the business owner's data in Microsoft's cloud.
The company is also introducing a cloud-based blockchain service. The block chain, a ledger for keeping track of transactions among many participants, is used in the financial technology space, and Microsoft said it is working with JP Morgan Chase on the bank's Quorum offering.
But Microsoft's Guthrie said blockchain has other uses, such as the system Microsoft helped Starbucks Corp build to track the coffee as it moves from farms to stores to a customer's cup.
"That enables them, from a quality control perspective, to dramatically improve the end-to-end supply chain and deliver a better product," Guthrie said.
Microsoft also said it is releasing a developer edition of its HoloLens 2 headset that was announced earlier this year. The device, which overlays digital information on the real world, will cost $3,500 and is aimed businesses uses like safety training and complex repair work.