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Finance & Markets

Consumers shrug off RBA

Westpac’s credit card tracker is powering. The Westpac–DataX Card Tracker Index* has edged down slightly since late September, slipping 0.9pts to 160.6 in the week ended October 17. Despite this, growth in activity continues to track a robust pace with quarterly momentum running at close to 2%qtr and annual growth at 6%yr. Some of this The post Consumers shrug off RBA appeared first on…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

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Microsoft beats cloud revenue, sales estimates

Microsoft on Wednesday forecast fiscal second-quarter cloud growth and overall sales that beat Wall Street estimates, sending shares up more than 5 percent in after-hours trading.

  • Microsoft exceeded cloud revenue forecasts by $18.6 billion
  • Azure growth projected at 49-50% in second quarter
  • Shares rose 5% in after-hours trading following strong results

Fed leaves rates unchanged

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week’s US midterm elections and awaiting further…

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