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Microsoft Prepares To Spend More On AI As Its Sales And Profit Surge

Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion, beating Wall Street expectations while also surprising some investors.

Fed Cuts Rates Again, But Powell Raises Doubts About Easing At Next Meeting

The Fed approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another is to come.