Microsoft (MSFT) said Thursday it is launching Microsoft Frontier Co., a new operating business to provide frontier transformation services using artificial intelligence.
The company said it is investing $2.5 billion in Microsoft Frontier Co. and embedding 6,000 employees at clients to co-design and deploy AI systems.
Price: $384.88, Change: $+0.60, Percent Change: +0.16%
Greenbrier Companies (GBX) reported fiscal Q3 earnings late Wednesday of $0.60 per diluted share, down from $1.86 a year earlier.Three analysts polled by FactSet expected $0.60.Revenue for the quarter ended May 31 was $576.5 million, down from $842.7 million a year earlier.Three analysts expected $612.7 million.The company reiterated its fiscal 2026 revenue outlook of $2.4 billion to $2.5 billion and revised its EPS guidance to $3.00 to $3.15 from a prior range of $3.00 to $3.50.Three analysts expect revenue of $2.54 billion on EPS of $3.12.
Major digital assets rose Wednesday, with Bitcoin (BTC-USD) holding above $60,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 2.6% in the past 24 hours. The Nasdaq 100 declined 1.4%, the S&P 500 fell 0.1%, and the Dow Jones Industrial Average increased 0.1%.Bitcoin rose 2.4% to $60,106, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume increased 8.8% to $35.19 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 2.5% to $1,616.XRP (XRP-USD) rose 1.7%, BNB (BNB-USD) gained 0.7%, and Solana (SOL-USD) added 4.7%. Dogecoin (DOGE-USD) increased 0.7%, while Cardano (ADA-USD) surged 5.6%.The US 10-year Treasury yield stood at 4.475% at 3 p.m. ET Wednesday, up from 4.418% Tuesday, while the five-year yield rose to 4.232% from 4.186%.The total market value of the cryptocurrency industry rose 2% in the past 24 hours to $2.08 trillion, with trading volume gaining 7.3% to $80.73 billion.Price: $60070.70, Change: $+1520.84, Percent Change: +2.60%
Accelerant Holdings (ARX) said Wednesday it launched the ARX Consortium, backed by seven Lloyd's of London, syndicates, to bolster its partnership with the specialty insurance market.Price: $12.70, Change: $+0.98, Percent Change: +8.36%