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The Latest Breaking News from Microsoft Corp

Microsoft Corp (NASDAQ: MSFT) shares are trading higher Wednesday as the overall market rises following the Federal Reserve's rate hike announcement.

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Microsoft Fixes Flaw Exploited By State-Backed Hackers

Microsoft Corp (NASDAQ:MSFT) released a fix for Windows zero-day flaw exploited by state-backed hackers. However, cybersecurity firm Sophos noted that the fix did not feature on the list of patches included in the release. However, it confirmed the mitigation of Follina. Microsoft strongly recommended that customers install the updates for complete protection from the vulnerability. Also…

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Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

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Over 100 CEOs Including Alphabet, Amazon, Microsoft Press For China Competition Bill

A broad coalition of 123 CEOs and senior executives representing major sectors of the American economy and millions of U.S. workers urged Congress to pass legislation to amplify U.S. economic competitiveness, including in chip manufacturing. The Semiconductor Industry Association (SIA), which organized the letter signing, claimed it was the largest group…

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L3Harris Technologies Eyes Israeli Spyware Firm NSO: Reports

L3Harris Technologies Inc (NYSE:LHX) is planning to acquire Israeli spyware firm NSO Group, Reuters reported, citing U.S. and Israeli media. The deal is expected to be finalized after being approved by Israel, the U.S., and L3Harris’ board of directors. A separate report published by Intelligence Online has shed light on the White House’s…

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Bill Gates Slams Crypto, NFTs: Shams Based On 'Greater Fool Theory'

Microsoft Corp (NASDAQ: MSFT) co-founder Bill Gates has launched a barge of criticism against cryptocurrencies and non fungible tokens (NFTs) on Tuesday.

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Sony Heightens Microsoft Xbox Rivalry With Latest Move

Sony Group Corp's (NYSE:SONY) Sony Interactive Entertainment disclosed the launch of its all-new PlayStationPlus game subscription service in North and South America, offering more flexibility and value for gaming fans. The service has one monthly fee and will incorporate its separate cloud gaming platform, PlayStation Now. PlayStation Plus subscribers will migrate to the…

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Why Microsoft Stock Is Moving Lower Today

Microsoft Corp (NASDAQ: MSFT) shares are trading lower Monday alongside several companies in the broader technology sector amid overall weakness as stocks continue to sell off following worse-than-expected May CPI data.

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Activision Blizzard Chief Takes Positive Step Towards Union Taking Cues From Microsoft, Amazon

Activision Blizzard, Inc (NASDAQ:ATVI) CEO Bobby Kotick shared plans to negotiate with the Communications Workers of America over a collective bargaining agreement for employees at its subsidiary Raven Software. Kotick looked to meet CWA leaders at the bargaining table and work toward an agreement. Activision Blizzard faced charges of union-busting and illegally retaliating…

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Meta Retracts From AR Glasses Project Shortly After Dumping Smartwatch Project

Meta Platforms, Inc (NASDAQ:META) is scaling back its plans to release a series of augmented reality glasses over the next several years, the Information reports. The move marks its second product suspension for the week as it battled the current revenue slowdown. Meta aimed to trim heavy investments in its Reality Labs hardware…

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EXCLUSIVE: Wejo, Microsoft Consolidate Their Partnership Further

Wejo Group Ltd (NASDAQ: WEJO) expanded and extended collaboration with Microsoft Corp (NASDAQ: MSFT) Microsoft Maps.

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Microsoft Goes Aggressive In Its Protest Against Russia's Ukraine Invasion - Read How

In an email accessed by Bloomberg, Microsoft Corp (NASDAQ:MSFT) disclosed materially scaling down its operations in Russia following the Russian invasion of Ukraine. Microsoft joined the likes of International Business Machines Corp (NYSE:IBM) and Apple Inc (NASDAQ:AAPL), cutting back or exiting the country after the invasion. The scaling down will affect over 400 employees. “As a result…

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Why DocuSign Stock Is Rising Today

DocuSign Inc (NASDAQ: DOCU) shares are trading higher Wednesday after the company announced an expanded partnership with Microsoft Corp (NASDAQ: MSFT).

Benzinga

Microsoft Is Pushing DocuSign Stock Higher After Hours: Here's Why

DocuSign Inc (NASDAQ: DOCU) shares are trading higher in Tuesday's after-hours session after the company announced an expanded partnership with Microsoft Corp (NASDAQ: MSFT).

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Here's How Analysts Reacted To Microsoft's Outlook Revision

Microsoft Corp (NASDAQ:MSFT) updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds. Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue. Microsoft now expects revenue of $51.94 billion - $52.74 billion…

Benzinga

Unlike Peers, Microsoft Shows Boldness By Acknowledging Unionization

Microsoft Corp (NASDAQ:MSFT) President Brad Smith recently expressed the company's support for employee unionization in a blog post. Smith acknowledged the legal right of employees to form or join a union as he saw it futile to resist lawful efforts to participate in activities like unionization. Smith saw the trend catching up…

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After Microsoft And Nvidia, This Major Apple Supplier Became Ransomware Target

Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports. The attack disrupted operations at one of Foxconn's Mexico-based production plants. The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports. Also Read: President…

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China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

Amazon.com, Inc (NASDAQ:AMZN) looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account. China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed. Also Read: Microsoft Brings Down Curtains On LinkedIn…

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Here's Why JPMorgan Sees Meta As Broadcom's Next Billion-Dollar Customer

Facebook parent Meta Platforms Inc (NASDAQ:FB) looks to use Broadcom Inc's (NASDAQ:AVGO) custom chips to build its metaverse hardware, becoming the chipmaker's next billion-dollar ASIC customer, J.P. Morgan analysts said. The analysts saw application-specific integrated circuit chips drive approximately $2 billion to $2.5 billion in revenue for Broadcom in 2022, aided by its deals…

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Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus…

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4 Investors Make The Case For Microsoft Stock After Analyst Slashes Price Target

Microsoft Corp (NASDAQ: MSFT) was featured as the call of the day Monday on CNBC's "Fast Money Halftime Report."

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Cybersecurity Report Finds Microsoft Censoring Politically Sensitive Chinese Names In US Searches

A Microsoft Corp (NASDAQ:MSFT) search engine has made it more challenging in North America to look up politically sensitive people for China, the Wall Street Journal reports. Citizen Lab consistently found that Bing censored politically sensitive Chinese names. Bing’s autofill system, which guesses based on searching after a few keystrokes, often fell silent…

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Here's How Microsoft Addressed Complaints From Smaller European Cloud Companies

Microsoft Corp's (NASDAQ:MSFT) pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports. Microsoft laid out a series of "principles" that it would follow out of respect for Europe's concerns. Any customer who has paid to license…

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Microsoft Makes Amends Post European Commission's Antitrust Complaints

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices. The commission…

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Microsoft Jumps the Sustainability Tracking Product Bandwagon With Latest Launch

Microsoft Corp (NASDAQ:MSFT) launched a new offering called Microsoft Cloud for Sustainability to improve its carbon footprint. Salesforce, Inc (NYSE:CRM), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and International Business Machines Corp (NYSE:IBM) made similar endeavors, the TechCrunch reports. Microsoft's solution looks to use a set of measuring devices to collect the data and exploit Microsoft's cloud-based data collection services to…

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