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Microsoft Beats But Expectations Were Steep

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.

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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.

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

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.