May 20, 2024

businessweek

Taste For Business

Microsoft, Alphabet Deliver Bad News About the Economy

Microsoft, Alphabet Deliver Bad News About the Economy

Microsoft  (MSFT)  and Alphabet  (GOOGL)  confirm fears that the financial state is not accomplishing well.

The two tech giants kicked off the significant tech earnings year on Oct. 25 by sending purple flags about the present downturn. 

Their warnings can be summed up in a person sentence: the well being of the economic system is not great and it will not strengthen in the coming months.

Both equally companies are multinationals and offer their items and providers to shoppers, enterprises and governments alike. They are hence perfectly put to provide an precise prognosis of the condition of the economic system.