Canada Hikes, the Fed Warns, and Microsoft Wins the AI Cash Test
The Bank of Canada raised its policy rate to two point five percent, its first hike since twenty twenty three, lifting prime toward four point seven percent, while the Federal Reserve held at three point seven five to four percent in a ten to two vote with both dissenters favouring a hike. Microsoft beat expectations with Azure up forty eight percent and eighteen point six billion dollars of free cash flow, while Alphabet's cloud doubled but its stock fell about ten percent on a revenue and earnings miss and negative free cash flow, and oil settled higher with Brent at one hundred fifteen…
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