Morgan Stanley analyst Keith Weiss noted that data platform solutions contributed about 12 percent of Microsoft Corp.’s total revenue in the first half of 2021, up from about 10 percent in 2017. Weiss also argued, “investors often overlook Microsoft’s leading position here.” Given Microsoft’s data platform and related businesses, the largest of which include Azure Databases, Azure…
Morgan Stanley Argues Investors Are Overlooking Leading Data Platform Solutions Position
Nasdaq Profit Beats on Robust Demand for Investment Products
October 20, 2021
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Nasdaq Inc. on Wednesday reported a third-quarter profit that topped Wall Street estimates, helped by strong demand for its investment-related products and a jump in the number of initial public offerings. While the transatlantic exchange operator is best known for its bourses, Nasdaq has tried to push into the anti-money laundering software sector and reposition…
Evergrande Says Six Execs Redeemed Investment Products in Advance
September 18, 2021
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BEIJING—Six executives of China’s heavily indebted Evergrande redeemed some of the company’s investment products in advance earlier this year, the property group said on Saturday. Between May 1 and Sept. 7, the six executives made early redemptions of 12 investment products, Evergrande said in a statement on its website, without identifying the executives or giving…
US Regulator Sues Amazon, Demands Recall of Hazardous Products
The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3–1 vote, the CPSC voted to file an administrative complaint saying the Seattle-based e-commerce giant was legally responsible to…
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