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Alphabet, Microsoft, Amazon give Wall Street reason to cheer

For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed. Microsoft’s growing emphasis on cloud computing under Chief Executive Satya Nadella also put the company on track successfully transition away from its slowing business that relies on sales of personal computers. Alphabet’s shares jumped 10.5 percent to a record high

Tesla CEO says could start China car production in 2 years

Tesla Motors Inc could begin producing cars in China in two years, Chief Executive Elon Musk said, adding that local production had the potential to slash the sales prices of its models in the world’s largest auto market by a third. Tesla’s negotiations with officials on Chinese production have been quite encouraging and it is likely the company will cooperate with a local partner, Musk said, according to Chinese language