Microsoft’s US Taxes Drop, Revenue Jumps After Trump Cuts

Microsoft Corp. is the latest company to report a sharp drop in its current federal taxes despite growing US revenue, following the enactment of President Donald Trump’s sweeping tax law last year.

Sony Pictures Entertainment posted a sales decline for the June quarter, offset by growth at Crunchyroll, while Sony’s music segment saw revenue increase 21%. The PlayStation games unit had flat sales for the period and a 37% increase in operating income drive by U.S. tariff refunds. Revenue for Sony Pictures for the q

Xbox is having yet another tough quarter, as revenue from content and services like its Game Pass subscription dipped 10 percent over the past few months. At the same time, Xbox hardware sales declined 14 percent, according to Microsoft's fourth-quarter earnings report released on Wednesday. The news comes just weeks a