Here’s how much money Google estimates Microsoft’s cloud business is actually losing
Google sees Microsoft’s Azure revenue in the latest fiscal year at less than $30 billion, while analysts’ numbers are significantly higher.
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Mortgage applications to refinance a home loan jumped 6% last week from the previous week.
Wall Street analysts are more confident in Nike’s outlook after strong earnings, improving inventory
Nike reported a surprise beat, and has made progress on clearing its inventory backlog.
Treasury yields muted as calm returns to bond markets after sell-off
U.S. Treasury yields were muted as global bond markets stabilized after the previous session’s sell-off on the back of Bank of Japan’s surprise policy shift.
California police say member of Elon Musk’s security team is a suspect following stalker claim
An incident near a Los Angeles-area highway last week became a flashpoint for a debate about the sharing of personal information on the Musk-owned Twitter.
House probe of Jan. 6 pro-Trump riot is cooperating with DOJ special counsel, reports say
The Jan. 6 committee’s reportedly extensive cooperation was revealed after the panel voted to refer Trump to the DOJ for possible criminal prosecution.
Workday names Sequoia’s Carl Eschenbach as co-CEO, alongside Aneel Bhusri
Workday named Carl Eschenbach, who has spent almost seven years at Sequoia Capital, as its new co-CEO, replacing Chano Fernandez.
Porsche begins production of ‘e-fuel’ that could provide gas alternative amid EV push
Porsche officials celebrated the beginning of e-fuel production with the filling of a Porsche 911 with the first synthetic fuel produced at the site.
Two New York men arrested for conspiring with Russians to hack JFK taxi system
Two people were arrested for conspiring with Russian hackers to break into the taxi dispatch system at JFK Airport so they charge drivers to cut the line.
Supreme Court likely to ‘dismantle’ student loan forgiveness plan after it hears case, says Harvard law professor
U.S. Supreme Court justices have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28.
