"Market Movement: Fed Decision Impacts Microsoft, Alphabet's AI Costs and More"

TL;DR Summary
U.S. stock futures are mixed as investors await the Federal Reserve's interest rate decision and potential commentary on future borrowing costs. Microsoft and Alphabet warn of increased spending on AI development, offsetting strong quarterly earnings. A Delaware judge voids Elon Musk's $56 billion Tesla pay package. Oil prices dip after weak Chinese manufacturing data, while U.S. inventory data shows a drop in crude stockpiles.
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- Stocks, dollar slip ahead of Fed decision on rates Reuters
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