Re/code Daily - Microsoft Impresses, Amazon Disappoints in Latest Earnings Reports

Read Now

•	Microsoft beat Wall Street estimates because its cloud computing business is picking up steam, and it's making more money from PCs than PC manufacturers. Amazon, on the other hand, missed on its quarterly earnings, possibly because its Prime membership growth is starting to slow down. [Ina Fried \| Re/code]
•	On Monday, Google will release its first earnings report since its Alphabet restructuring last year. It will have one set of numbers for its main Google business, and everything else is in the "Other Bets" category. Changes like these are why Wall Street was so excited when Ruth Porat left Morgan Stanley to take the Google CFO job last year. [Mark Bergen \| Re/code]
•	Politico CEO and co-founder Jim VandeHei will be leaving the Washington-based political news operation after the November election, after clashes with Politico owner Robert Albritton. VandeHei is taking a number senior staffers with him, including Playbook newsletter writer Mike Allen, and plans to launch a new publication. [Edmund Lee \| Re/code]
•	Here's one way Apple could try to separate itself from the rest of the smartphone pack: The company is reportedly working on wireless charging technology that it could use for iPhones and iPads as soon as next year. [Tim Culpan \| Bloomberg Business]
•	Sony's profit rose 33 percent in the last year, making up for a slipping smartphone business with gains in its film studio and Playstation divisions. The company says it is on track to meet its guidance for the fiscal year ending in March. [Takashi Mochizuki \| The Wall Street Journal]