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Microsoft Beats But Expectations Were Steep

by The Wealth Advisor Contributor
Microsoft reported fiscal third-quarter results that exceeded consensus expectations on both revenue and earnings, underscored by continued strength in its AI-driven businesses. The company posted EPS of $4.27 on revenue of $82.9 billion, ahead of Bloomberg consensus estimates of $4.04 and $81.5 billion, respectively.

Featured

Trump Tells Aides To Prep For Lengthy Hormuz Blockade, Report Says

(Bloomberg) - President Donald Trump told his aides to prepare for an extended US Naval blockade of the Strait of Hormuz, the Wall Street Journal reported, as the US looks to intensify economic pressure on Iran as the war enters

Fed Meeting Today: Central Bank 'Firmly Parked' On Interest Rate Pause

The Federal Reserve maintained its target rate range at 3.50%–3.75% for a third consecutive meeting, citing elevated energy prices and heightened geopolitical uncertainty tied to the Iran conflict.

Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

(Bloomberg) - Shares of Bill Ackman’s Pershing Square USA Ltd. plunged 18% in its debut after the combined initial public offering for the closed-end fund and his alternative asset manager raised $5 billion.

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The Trust Advisor

Estate Planning For The 2020 Election Should Start In 2019: Planning Procrastinators May Lose

Waiting to See What Happens in 2020 May be Unwise.

The Trust Advisor

Wall Street mogul John R. Jakobson promised mistress that their love child Marina Squerciati would get a "big surprise" in his will - then left Chicago PD star Nothing

A new court filing states the Wall Street mogul said she would get a 'big surprise' in his will.

News

Polls Show America’s Mayor Can't Help Trump Any Longer, is He Finished?

The question isn’t how Rudy Giuliani’s career choices led here. What he needs to decide is where he wants to go. If he doesn't jump, they'll push.

Portfolio Construction

Schwab To Launch New Low-Cost Bond ETFs

Charles Schwab made news this week with its announcement that it’s eliminating online trade commissions for stocks and exchange-traded funds.

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The Trust Advisor

Inside Jack Schlossberg's Trust Fund Amid Political Campaign

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The Only Number That Matters For 'Magnificent 7' Earnings This Week: Morning Brief

Model Portfolios + Strategists

“Sleep Like a Baby” Portfolio is Delivering One of Its Strongest Years on Record

Washington Wire

Kevin Warsh Outlines A Potential Shift In How The Fed Measures Inflation

News

Oil Prices May Spike Again As 'Something is Off' With the Current Math, JPMorgan Says

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