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Microsoft’s cloud computing business grows, stock edges up

(Reuters) – Microsoft Corp beat Wall Street’s profit forecast on Wednesday, helped by growth in its cloud computing business, but took a $13.8 billion one-time charge due to the new U.S. tax law. Powered by WPeMatico   Source: iPromoNews; Local and Social Networks...

Fed leaves rates unchanged, sees inflation rising this year

WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell. Powered by...

Facebook forecasts rising ad sales despite dip in usage

(Reuters) – Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed. Powered by WPeMatico   Source:...