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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

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

Inside Jack Schlossberg's Trust Fund Amid Political Campaign

(hellomagazine) - Jack Schlossberg, the only grandson of former president John F. Kennedy, has disclosed his finances to the House of Representatives amid his bid to win a seat in Congress in the upcoming election.

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Mark Cuban’s Crypto Loss Leads to Calls for Regulation

Earlier in the week, Cuban posted an article in which he discusses the Titan cryptocurrency. but on June 16, Titan crashed to essentially zero value.

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Record-Breaking Issuance From Unprofitable Companies: Alarming Or "New Normal?"

When unprofitable firms dominated the pool of equity offerings previously, the S&P 500 was either at the start of a bear market or already in one.

Commentaries

Cathie Wood Comes Roaring Back . . . But For How Long?

Over the past 6 weeks, Wood has managed to claw her way back. Her main fund has erased its losses for the year, a welcome milestone for her followers.

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Influencers Are Luring Investors Flummoxed by Meme Stonks and Options

With the rise of free, fast trading from your phone, demand has surged for information about creating wealth, not just managing it.

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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

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

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

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Glamorous LA Heiress Linked To Iranian Royalty At Center Of Toxic $200M Divorce Battle

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