Microsoft Corp. on Thursday updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds. Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue. Microsoft now expects revenue of $51.94 billion–$52.74 billion in Q4 (down ~1…

Safe-T Group Ltd. offered preliminary revenue guidance for the quarter ended March 31, 2022. Safe-T is a global provider of cybersecurity and privacy solutions to consumers and enterprises. What Happened Safe-T looks to report Q1’22 revenues of ~$4 million, nearly tripling its revenues compared to the $1.4 million reported for Q1’21. The Q1 results include continued…

WASHINGTON—The U.S. Treasury Department on Wednesday released new implementation guidance for the $10 billion State Small Business Credit Initiative Program, designed to allow firms in disadvantaged communities access capital. The program, approved under coronavirus relief legislation passed in March, aims to catalyze $10 of private investment for every $1 of federal funding. Treasury said in…

A performance audit released this week confirmed what Pennsylvania business owners already suspected; the process used to determine businesses closures during COVID-19 mitigation efforts was flawed and administered unevenly. Pennsylvania’s Auditor General Timothy DeFoor’s audit provides a window into the thought process of Governor Tom Wolf’s administration as it shuttered thousands of businesses. “This audit…

If you’re looking for confirmation that smartphones and social media are good for your kids, this is not one of those posts. The “best age” question is a trick question. Here’s why. We don’t stress about the “best age” for things that are inherently good for our kids. Are there hundreds of opinions on the…

Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention (CDC), said in interviews Wednesday that she looks forward to updating the agency’s guidance on COVID-19-related public health measures following criticism that the CDC was moving too slowly to recommend further easing of masking requirements for vaccinated people in outdoor settings. The CDC…

In the small Nebraska town of Oxford, the school district dropped its mask mandate last month in what was a fairly straight-forward decision: Cases were down dramatically, and it didn’t bother local officials that their move flouted Centers for Disease Control and Prevention guidelines. Those federal mask guidelines just didn’t seem to fit local conditions…