Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending. The technology…

Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

Salesforce, the business software giant, said on Wednesday that it planned to lay off 10 percent of its work force, or about 8,000 employees, and scale back office space because…

U.K. Inflation Rate Slows to 10.7 Percent

Britain’s inflation rate eased away from a 41-year high on Wednesday, but the slowdown brings only limited relief to a nation gripped by a deep cost-of-living crisis. Consumer prices in…

Meta Reports First Revenue Decline and 36 Percent Profit Drop

SAN FRANCISCO — For years, Facebook’s sales grew without fail and kept on growing, defying the laws of gravity even as the company was battered by scandals over privacy and…

Mattel Earnings: Toymaker Reports a 20 Percent Jump in Sales

Mattel said on Thursday that its revenue jumped 20 percent in the second quarter despite rising prices, a sign that consumers were continuing to buy Polly Pocket dolls and Mega…

Stripe, the payments start-up, lowers internal valuation 28 percent.

Stripe, a payments start-up that has been one of the most valuable privately held tech companies in Silicon Valley, has lowered its internal valuation 28 percent, according to a person…

Japan’s Economy Shrank 1 Percent as Consumers Fled Covid

TOKYO — Last December, after two years of stop-and-go growth, Japan’s economic engine seemed like it might finally be revving up. Covid cases were practically nonexistent. Consumers were back on…

U.S. Birthrate Ticks Up 1 Percent, Halting a Steady Decline

The birthrate in the United States increased slightly last year, ending what had been a consistent decline since 2014, the federal government reported on Tuesday. The country recorded 56.6 births…

Over 75 Percent of Long Covid Patients Were Not Hospitalized for Initial Illness, Study Finds

It’s the most succinct and dispassionate name for long Covid: U09.9 — a medical diagnostic code created last year to allow doctors to document post-Covid conditions. Now, a large new…

Saudi Aramco cashes in on rising oil prices as profit jumps 80 percent.

Saudi Aramco, the national oil company of Saudi Arabia, reported on Sunday net income of $39.5 billion for the first quarter of 2022, a jump of about 80 percent from…