Nasdaq MSFT MicroSoft

Microsoft (NASDAQ: MSFT) announced on Monday that its cloud gaming service will be available on Xbox Game Pass Ultimate (previously called xCloud). The service will launch today with more than 150 games and will be available on the cloud in 22 different countries. The titles wil

Over the past few years, Slack (NYSE: WORK) attracted millions of users with its streamlined enterprise communication platform, which reduced the need for clumsy email chains and phone calls. Slack's growth led to its direct listing on the NYSE last June, but the stock now trade

Sony (NYSE: SNE) won't be able to meet demand for its new PlayStation 5 gaming console because chip production issues are causing it to slash the number of units it produces this year by 26%, Bloomberg reported on Monday.

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

Late Sunday night, news broke that TikTok owner ByteDance would not be accepting a Microsoft (NASDAQ: MSFT) buyout bid. Instead, the Chinese company with a wildly popular video-sharing app chose Oracle (NYSE: ORCL) as its future partner in what has been a hotly contested bidding

White House adviser Jared Kushner on Tuesday said the White House is reviewing Oracle's bid to team up with China's ByteDance to keep operating TikTok in the United States and that he was not aware of whether any company relationships with the president influenced the deal.

Zoom Video Communications (NASDAQ: ZM) has been one of the biggest winners during the coronavirus pandemic.

Seemingly every avid gambler has a system -- a way to beat the odds, or at least make them feel smarter than the average bear. Traders feel the same way. They're buying dips and have strong convictions about what a company's share price will do after it reports earnings.

(RTTNews) - Tech major Microsoft (MSFT) announced Tuesday an agreement with energy giant bp plc (BP, BP.L) to form strategic partnership to drive digital innovation in energy systems and advance net zero goals.

ByteDance founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of TikTok's U.S. operations to Microsoft Corp in favor of a partnership with Oracle Corp was the culmination of pressure from the Beijing-based firm's investors as it searched for a deal to appease the United States and China, according to people familiar with the deliberations.

ByteDance founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of TikTok's U.S. operations to Microsoft Corp in favor of a partnership with Oracle Corp was the culmination of weeks of pressure from China's government and the Beijing-based firm's investors, according to people familiar with the deliberations.

August might have been a hot coronavirus-infected mess for many people, but it was a fine month for the video game industry. According to data compiled by market researcher The NPD Group, video game sales leaped 37% higher on a year-over-year basis during the month to land at $2

Asian shares looked set to open lower on Tuesday as investors shifted focus to upcoming data and central bank meetings although positive developments around potential COVID-19 vaccines and increased deal activity are likely to stem losses.

What happened Shares of Fastly (NYSE: FSLY) jumped 9.6% on Monday, following news that TikTok owner ByteDance reached an agreement with Oracle (NYSE: ORCL) ahead of President Donald Trump's deadline.

With the September 20 deadline set by Trump for the sale of TikTok looming on the horizon, it turns out Microsoft’s (MSFT) offer has been rejected. The Chinese social app will instead become software giant Oracle’s (ORCL) “trusted tech partner” in the U.S.

On Sunday night, Microsoft stated that TikTok – owned by Chinese tech company ByteDance - had pulled out of the deal. Microsoft, in turn, has said it would have been a good fit for TikTok users, while at the same time alleviating the national security issues, which have been cited as the reason behind the proposed ban.

Wedbush analyst Daniel Ives has an idea why Microsoft’s offer fell through.

“We believe Microsoft would only buy TikTok WITH its core algorithm which the Chinese government and ByteDance was not willing to budge,” the 5-star analyst said. “Our view has been that Microsoft (along with Walmart) was in the driver’s seat to get a TikTok deal done for ~$30 billion+ given the strategic fit for its consumer business and the crown jewel asset/customer base this would give Redmond.”

Following the deadline date set by Trump, in a retaliatory move, the Chinese government updated its export rules, which included a ban on the sale of a number of technologies, including “personalized information recommendation services based on data analysis.” TikTok’s resounding success is based on such algorithms. Rumors so far indicate the Oracle deal is not a sale, but rather an agreement in which Oracle will handle TikTok’s U.S. user data.

Overall, Ives sticks to his MSFT Outperform rating, along with a $260 price target. Investors could be pocketing a 27% gain, should the target be met over the next 12 months. (To watch Ives’ track record, click here)

Overall, Wall Street’s confidence backing MSFT remains strong. The tech giant boasts a Strong Buy consensus rating based on 26 Buys vs. 3 Holds. There’s upside of 12% in the cards, given the $230.14 average price target. (See MSFT stock analysis on TipRanks)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

U.S. stocks were up more than 1% on Monday afternoon as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

Europe has "lost" the global battle in cloud computing but should nevertheless resume the fight, French President Emmanuel Macron said on Monday.

The stock market rallied on Monday, driven in part by some major tech deals. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 1.3% just before noon EDT, trailing the other major U.S. stock indices.