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Fed survey finds supply-chain shortages boosting inflation

Dec. 01, 2021 17:18 PM EST

WASHINGTON (AP) — Many parts of the country were hit by supply chain disruptions and labor shortages in November, the Federal Reserve reported Wednesday. In a survey of business conditions around the country, the Fed's 12 regional banks found that the economy continued...

Yahoo pulls out of China, citing 'challenging' environment

Nov. 02, 2021 19:51 PM EDT

HONG KONG (AP) — Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. The withdrawal was largely symbolic, as many of the company's services were already blocked by China's digital censorship. But recent...

Microsoft profit up 24% in quarter, driven by cloud growth

Oct. 26, 2021 19:40 PM EDT

REDMOND, Wash. (AP) — Growth in Microsoft's cloud computing business helped push its profit up 24% in the July-September quarter over the same time last year. The Redmond, Washington-based tech company on Tuesday reported quarterly profit of $17.2 billion, or $2.27 per...