What to Expect in the Markets Next Week

Next week will be a holiday-shortened trading week, with US markets closed for the Memorial Day holiday on Monday. On Tuesday, we’ll get the latest updates on home prices, with the Case-Shiller National Home Price Index and FHFA House Price Index (HPI) for March. The labor market will also be in the spotlight, with the Job Openings and Labor Turnover Survey (JOLTS) report for April, ADP’s National Employment Report tracking private sector payrolls, and the Labor Department’s nonfarm payrolls report for May. We’ll get updates on inflation and unemployment in the eurozone. Salesforce, HP, Broadcom, Dollar General, Lululemon Athletica, Macy’s, […]

Microsoft’s growth rate may have just bottomed: Analyst

There is light at the end of the tunnel for Microsoft (MSFT) as a global economic slowdown weighs on the tech giant’s growth, argues Piper Sandler analyst Brent Bracelin. Microsoft growth rates are “going to bottom here either this quarter, the current quarter they reported, or the next quarter,” Bracelin said on Yahoo Finance Live (video above). “So we are close to saying the worst declines are over for these non-cloud segments like Windows and devices and advertising.” While that may provide some comfort for many Microsoft bulls, at least in the short term, investors are likely to stay focused […]

1 year on – Settlement with Orders (SwO) offers promising future for Business Flights bookings

Happy 1st Birthday – Settlement with Orders (SwO)   As we mark the 1st anniversary of the Settlement with Orders (SwO) services’ first usage, one thing is certain. This is a milestone to be proud of and the future potential for SwO is immense. When Click Travel initially got involved in NDC and afterward the ONEOrder programs, alongside British Airways, the initial benefits for airlines and customers were obvious, better products, superior merchandising, customization the list goes on and on. This wasn’t the only benefit we saw. For Click it was also about the simplification and automation of processes that […]

Layoffs, funding delays reported at Solera Auto Finance

Solera announced Solera Auto Finance at the NADA Show in March 2022 and expected to reach 20 states by the end of the year. By August, it had reached 39 states and was working with more than 2,000 dealerships. Solera Auto Finance had been aggressive in seeking business, the second Solera Auto Finance sales manager said. The company had reached a rate of $25 million a month in loans, “and that’s when they hit the brakes on everything,” he said. “Solera Auto Finance’s entry into the automotive lending space was a success and well received by dealers,” Casas said in […]

EV giant reports Q4 revenue and profit beat; Cybertruck to start production later this year

Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the company announced its Cybertruck is on track for production later this year. For the quarter, Tesla (TSLA) reported: That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago. On the profitability end, Tesla is reporting adjusted net income of $4.1 billion, nearly $400 million more than Q3 and over $1.3 billion more than a year ago. Tesla said it has “sufficient liquidity” to […]