Macy's Earnings Beat, and the Latest Tech From MWC in Barcelona
FitBit shares plunge after earnings and Comcast makes a bid for UK broadcaster Sky. Plus Macy's shares are popping after trouncing earnings estimates. And we check in from the Mobile World Congress in Barcelona to see what Lenovo's got in store.
Microsoft reported a 20% spike in quarterly profits Tuesday, helping to fuel its battle to get ahead of rivals like Google, Amazon and Facebook parent Meta in selling the latest artificial intelligence technology.
Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash.
Even after inflation has steadily eased this year, the Federal Reserve's policymakers still think prices are rising too fast and are almost certain to lift their key interest rate by a quarter-point on Wednesday.
