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Chicago Tribune Business NewsNov 30, 2022
Powell: Fed to keep rates higher for longer to cut inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period.

MarketWatchNov 30, 2022
Earnings Results: Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecast
Salesforce Inc. on Wednesday did better than expected in the third quarter, but issued a fourth-quarter forecast that fell short of expectations and revealed that co-Chief Executive Bret Taylor is leaving the company.

RELATED ARTICLES
Salesforce Co-CEO Bret Taylor to Step Down (Wall Street Journal US Business)

MarketWatch MarketPulseNov 30, 2022
Splunk stock moves higher on higher sales, cash-flow forecasts
Shares of software maker Splunk rose sharply after hours on Wednesday after the company boosted its full-year outlook for profit, sales and cash flow, following cost cuts and third-quarter results that beat expectations. The company, whose software helps businesses track data, said it expected full-year sales of between $3.455 billion and $3.485 billion, up from a prior forecast for between $3.35 billion and $3.4 billion. Executives said they expected free cash flow of "at least" $420 million, up from earlier expectations of $400 million. Shares rose 7.9% after hours. Splunk reported a third-quarter net loss of $32.6 million, or 20 cents a share, compared with a loss of $343.3 million, or $2.14 a share, in the same quarter last year. Revenue was $929.8 million, a 40% jump from $664.8 million in the prior-year quarter. Adjusted for stock-based compensation, amortization, restructuring and software development costs, Splunk earned 83 cents a share. Analysts polled by FactSet expected adjusted earnings of 25 cents a share, on revenue of $847.5 million.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchNov 30, 2022
MarketWatch First Take: Salesforce better get used to Marc Benioff in charge, because he keeps chasing off his chosen successors
Salesforce Inc. has twice promoted a seasoned executive to co-CEO to signal an eventual successor to Marc Benioff. It has not worked.

NYTimes BusinessNov 30, 2022
Elon Musk Averts Feud With Apple by Meeting Tim Cook
Mr. Musk, who had said the company was trying to sabotage Twitter, met with Apple's chief executive, Tim Cook, on Wednesday.
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