Overall GDP, including government, trade, and change in inventories, grew by an annual rate of 2.0% in Q1, adjusted for inflation. Click here to read more.

By Utkarsh Shetti April 30 (Reuters) - Mastercard joined Visa and American Express in posting a quarterly profit beat on Thursday, highlighting spending resilience as well as allaying fears of a slowdown in the face of growing pressures.

Amazon (AMZN) has an answer for investors questioning its massive spending on artificial intelligence: Demand for its cloud business is surging. The company’s cloud backlog — future business Amazon has already contracted but has not yet turned into revenue — jumped to $364 billion in the first quarter,

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Somewhere in America, there is a couple in their late sixties with $2.4 million in savings, no debt, two Social Security checks, and a weekly grocery budget they have not adjusted since 2019. This couple isn’t struggling,

Shares of Microsoft (NASDAQ:MSFT) are down 5% in midday trading Thursday, changing hands near $402 after closing Wednesday at $424.46. The slide arrives despite a clean fiscal third quarter beat reported after the close on April 29.

Investors seem worried about the potential for increased competition in the AI-chip market.