Microsoft snags hotly contested $10 billion defense contract, beating out Amazon

October 25, 2019 By: adminbackup

Microsoft has emerged victorious in a dramatic competition for public cloud resources for the U.S. Defense Department, beating out market leader Amazon Web Services, the Pentagon said on Friday. The contract could be worth as much as $10 billion over a decade, according to a statement.Microsoft stock rose as much as 3% in extended trading after the announcement, and Amazon stock dipped less than...

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Three things to watch for in the markets on Friday including Amazon reaction, economic data

October 24, 2019 By: adminbackup

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Amazon (AMZN) Stock Plunges on Earnings Miss

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Market Remains in Holding Pattern

By: adminbackup

U.S. markets finished lower on Friday as weakness in the blue-chips and disappointing comments from Fed officials weighed on the major indexes. Developments from overseas concerning Brexit and soft economic news out of China also hindered momentum. The overall market pullback overshadowed better-than-expected earnings ahead of the open and comes ahead of a flurry of results over the next couple...

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Bulls Stay Active Despite Choppy Action

October 23, 2019 By: adminbackup

U.S. markets finished lower on Friday as weakness in the blue-chips and disappointing comments from Fed officials weighed on the major indexes. Developments from overseas concerning Brexit and soft economic news out of China also hindered momentum. The overall market pullback overshadowed better-than-expected earnings ahead of the open and comes ahead of a flurry of results over the next couple...

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As Chipotle’s stock slides, analysts ask if its valuation has peaked

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