Microsoft leads a rally on Wall Street, while worries about inflation remain in the bond market

U.S. stocks are rebounding after Microsoft leaped on hopes that its big spending on AI is yielding profits, while computer-chip companies clawed back some of their sharp recent losses

Everything you need to know before you reach the office this morning.

Wall Street ended sharply lower on Wednesday (Jul 29) after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms and the Nasdaq 100 index marking an 11 per cent drop from its June record high. The Fed's widely

Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users

Microsoft beats Wall Street expectations with $90B in revenue  AP News

Microsoft Beats Wall Street Expectations, With 31% Jump in Profits  WSJ

The Fed is expected to hold interest rates steady when it concludes its two-day meeting today. But Wall Street still says there's a 35% chance Chairman Kevin Warsh could shock markets and hike rates. Bloomberg's Michael McKee has more on what to watch for. (Source: Bloomberg)

Apple's market value briefly exceeded five trillion dollars on Tuesday. This milestone was achieved after the company regained its position as the world's most valuable public company. Unlike rivals, Apple rents AI infrastructure, preserving its strong cash flow. This strategy contrasts with competitors facing incre

When the S&P 500, Nasdaq and Dow Jones Industrial Average hit record highs in early July, US President Donald Trump hailed it as evidence of America’s economic revival. “This is WINNING. The Golden Age of America is beginning – and we are just getting started,” he wrote in a social media post on July 4, the 250th anniv