Trump and the Fed are creating ‘a totally destructive tug of war’ in the stock market, Jim Cramer warns

Two familiar culprits are behind the stock market’s “insanely emotional” swings, CNBC’s Jim Cramer said Wednesday after the Dow Jones Industrial Average erased its yearly gains, the S&P 500 turned negative and the Nasdaq saw its worst day since 2011. “The two men with the most influence over the stock market in the world, the…

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Microsoft’s Q1 strong as commercial cloud hits $34 billion annual revenue run rate

Microsoft’s first quarter was strong across the board as its commercial cloud, which now includes LinkedIn’s enterprise sales, continued its momentum and hit a $34 billion annual revenue run rate. Microsoft reported net income of $8.8 billion, or $1.14 a share, on revenue of $29.1 billion, up 19 percent from a year ago. Wall Street…

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