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Apple Inc. reported better-than-expected quarterly results and announced a significant stock buyback program, sending shares higher in after-hours trading.
Microsoft's cloud services revenue jumped 27% in the latest quarter as the company's AI investments begin to pay off with increased customer adoption.
Amazon's cloud division is seeing pressure from competitors as Google Cloud Platform reported 32% growth in the latest quarter, outpacing the broader market.
The Federal Reserve indicated it may consider interest rate cuts later this year if inflation continues to moderate, according to minutes from its latest meeting.
Crude oil prices fell more than 2% after U.S. inventory data showed a larger-than-anticipated build in stockpiles, raising concerns about demand.
Meta Platforms reported that its Reality Labs division, focused on metaverse technology, lost $3.7 billion in the first quarter as the company continues its long-term bet on virtual reality.