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Alphabet’s Gemini delay, spending worries loom over earnings
July 21 : Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter for cloud sales. The Google parent — set to report second-qu
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Stocks advance on tech strength; Mideast in focus
July 21 : Global stocks rose on Tuesday, underpinned by gains in technology stocks, as investors waited for corporate earnings this week that could test an AI trade under pressure, while mediation efforts in the Middle East kept oil prices in check.The U.S. and Iran traded fresh fire, and Yemen’s Tehran-align
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Dollar steady as investors weigh Middle East jitters against softer inflation data
BENGALURU/HONG KONG, July 21 : The U.S. dollar held steady on Tuesday as markets balanced signs of escalating tensions in the Middle East against lingering optimism from softer inflation data last week.The U.S. dollar index, which measures the currency against a basket of six peers, was largely unchanged at 1
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Hasbro raises annual forecasts on digital gaming demand, ‘Magic’ boost
July 21 : Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in “Magic: The Gathering” despite an uncertain consumer spending environment.Shares of the “Dungeons & Dragons” maker were up about 2 per cent in prema
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Dollar softens as investors weigh Middle East jitters against inflation data
BENGALURU/HONG KONG, July 21 : The U.S. dollar ticked lower on Tuesday as markets balanced conflicting signals from the Middle East against lingering optimism from softer inflation data last week.The euro rose 0.09 per cent against the dollar to $1.1424 while the yen declined 0.09 per cent against the dollar
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Stocks rebound as Mideast mediation pushes oil lower
July 21 : Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade that is under pressure.Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia, a
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Dollar wavers as markets grapple with Gulf tensions
(Refiles to fix typo of wavers in headline)By Jiaxing LiHONG KONG, July 21 : The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered so
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Japan’s Nikkei rallies after steep decline as focus turns to tech results
TOKYO, July 21 : Japan’s Nikkei share average rose on Tuesday as markets reopened after a holiday and investors seized on bargains following the gauge’s steepest weekly selloff in more than a year.The benchmark Nikkei 225 advanced 1.25 per cent to 64,945.96 in early trading, recovering part of its 6.4 per cen
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South Korean economy likely slowed in Q2 after robust Q1 growth: Reuters poll
BENGALURU, July 21 : South Korea’s economy likely grew at a much slower pace in the second quarter compared to the first three months of the year, as robust export growth was offset by weakening domestic demand, a Reuters poll of economists showed.Asia’s fourth-largest economy expanded by a seasonally adjuste
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Bonds unsettled as oil and gas climb, earnings loom for AI
SYDNEY/LONDON, July 20 : The escalating conflict in the Gulf lifted oil and gas prices on Monday, fanning fears of inflation, sending bonds lower and leaving stocks on edge as a packed week of major tech earnings is set to further test the artificial intelligence trade.Brent crude climbed above $90 a barrel f
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