Microsoft said Thursday it made a profit of $4.97 billion in the past quarter, helped by growing revenues from business services, offsetting the hit from a lagging market in personal computers.
Chief financial officer Amy Hood said results “were impacted by the decline in the PC market,” but added that “we continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter.”
Trump ‘is a first-degree mass murderer’ and ‘the most successful bio-terrorist’ in history: Famed psychologist
The English edition of Der Spiegel continues with this damningly accurate description of America in the Age of Trump:
Nobel economist says he’s done the math — and the risk Trump and McConnell pose to the economy is ‘terrifying’
Very much a student of New Deal economics, New York Times columnist Paul Krugman has often stressed that helping the unemployed during an economic downturn not only helps those who are out of work — it also benefits the economy on the whole. Krugman made that point many times during the Great Recession, and in a column published this week, the liberal economist warns that the “coronavirus recession of 2020” will become even worse if unemployed Americans don’t receive the help that they need.
‘Friday Night Massacre’ at US Postal Service as Postmaster General—a major Trump donor—ousts top officials
Government watchdogs, Democratic lawmakers, and pro-democracy advocates declared it a "Friday Night Massacre" for the U.S. Postal Service after news broke in a classic end-of-the-week dump that Louis DeJoy—a major GOP donor to President Donald Trump and the recently appointed Postmaster General—had issued a sweeping overhaul of the agency, including the ouster of top executives from key posts and the reshuffling of more than two dozen other officials and operational managers.
According to the Washington Post: