Microsoft Earnings Preview: Azure, Cloud Growth In Focus As Global PC Market Slows

Weaker PC markets and questions over its $69 billion acquisition of video game maker Activision will put even more pressure on Microsoft's cloud division, including Azure, ahead of today's third quarter earnings. Read More...


Valero profit surges as refining margin more than doubles

Valero’s quarterly refining margin more than doubled to $3.21 billion from a year earlier. Global fuel demand has rebounded to near pre-pandemic levels, while supply of refined products like diesel and jet fuel have tightened sharply due to the Russia-Ukraine war. Valero, the first major U.S. refiner to post quarterly results, said its total refinery throughput volumes averaged 2.8 million barrels per day in the quarter ended March 31, 390,000 barrels per day higher than a year earlier.

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