AP Business SummaryBrief at 8:37 p.m. EDT | Business News … – Kentucky Today
Microsoft reports boost in profits, revenue, as it pushes AI
REDMOND, Wash. (AP) — Microsoft on Tuesday reported a 9% increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The software maker posted revenue of $52.9 billion in the period, its third fiscal quarter, up 7% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $51.02 billion for the quarter.
Coronation gives tourism boost, but UK economy still reeling
LONDON (AP) — The coronation of King Charles III is luring royal fans fascinated by the pageantry, spectacle and drama of the monarchy and far-flung visitors eager to experience a piece of British history. Tour companies, shops and restaurants are rolling out the red carpet, whether it’s a…
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