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Japan’s Nikkei falls more than 2% on AI spending worries
TOKYO, July 24 : Japan’s Nikkei share average fell more than 2 per cent on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.The Nikkei was down 2.69 per cent at 64,634.04 as of 0112 GMT, while the broader Topix slipped 1.28 per cent to 4,002.09.The Ni
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Japan June core inflation accelerates, stays below BOJ target
TOKYO, July 24 : Japan’s core consumer prices rose 1.6 per cent in June from a year earlier, staying below the central bank’s 2 per cent target for a fifth straight month as fuel subsidies offset rising raw material costs stemming from the Middle East conflict.The rise in the core consumer price index (CPI),
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Intel forecast crushes estimates as AI boom boosts chip demand; shares jump
July 23 : Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 10 per cent in after-hours trade, and boosted spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). The company expects third-quarte
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Digital Realty raises annual FFO forecast on robust data center demand
July 23 : Digital Realty Trust raised its full-year forecast for funds from operations on Thursday, betting on resilient leasing momentum from cloud and AI customers to drive growth, sending its shares up 3 per cent in extended trading. Austin, Texas-based Digital Realty is a real estate investment trust
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Trading Day: Burn, baby, burn
ORLANDO, Florida, July 23 : European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil’s surge above $100 a barrel and earnings reports from two U.S. “Big Tech” companies that showed they are burning through cash at an alarming rate. If you have more time to
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Intel sales, profit forecast beat estimates; company boosts spending plans on AI boom
July 23 : Intel forecast quarterly profit and revenue above estimates on Thursday, pushing its shares up 12 per cent in after-hours trade, and boosted spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). The company expects third-quarte
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T-Mobile expects temporary hit from new pricier plans
July 23 : T-Mobile said on Thursday it expects third-quarter postpaid account additions to decline sequentially as the telecom operator upgrades its rate plans, sending its shares down nearly 7 per cent.The company is phasing out older wireless plans and migrating affected customers to newer options that offe
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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Infosys names insider Ashiss Kumar Dash next CEO, trims growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.The succession plan was announced alongside a cut to the company’s annual reve
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Infosys names insider Ashiss Kumar Dash next CEO, trims annual growth forecast
BENGALURU, July 23 : Infosys named company veteran Ashiss Kumar Dash as its next CEO on Thursday, tapping a three-decade insider to lead India’s No. 2 IT firm through an AI-driven upheaval reshaping the technology services industry.Dash, who heads the company’s energy vertical, will take over in April 2027 fo
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