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Microsoft Corp. investors focused on the company’s disappointing revenue of its Azure cloud business on Wednesday, but they should also be looking at another number indicative of future growth: bookings.

Some economists were saying Wednesday that the cutting cycle is over, while others think Chairman Jerome Powell’s Federal Reserve won’t ease again until 2026.

Shares of Levi Strauss & Co. slid after hours on Wednesday after the denim maker forecast a dip in sales for the year ahead, citing trepidation over tariffs and other issues even as the company benefited from holiday-season momentum.

The Fed has paused its rate-cutting cycle.

Wolfspeed’s stock initially soared in extended trading Wednesday before pulling back to a slight loss, after the semiconductor company beat Wall Street’s revenue expectations in its fiscal second-quarter results.

Norfolk Southern shares bounced Wednesday, as the railroad operator helped dispel fears about potential tariffs that had caused a selloff in the previous session.

Wall Street’s new mantra might be that the Federal Reserve should take its time before cutting rates again.

With so many unknowns about the offer’s terms, “Overall and generally speaking, no, I don’t see this a good deal,” an attorney told MarketWatch.

In a confirmation hearing for his nomination to head the $1.7 trillion Department of Health and Human Services, Robert F. Kennedy Jr. confused two of the massive healthcare programs he would be overseeing as secretary — Medicare and Medicaid — and insisted he was not anti-vaccine.

Appliance maker is still working to cut costs and hoping for a recovery in the U.S. housing market.

Shares of International Business Machines Inc. rallied after hours on Wednesday after the tech-infrastructure provider reported a quarterly per-share profit that beat expectations.

Bad news for home buyers: Mortgage rates are largely stuck at 7% for the time being.