Tag: business news
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U.S. confirms second Texas screwworm case, Canada restricts livestock imports
New World screwworm larvae feed on the living tissue of warm-blooded animals, creating severe wounds that can be fatal if left untreated.
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How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change
Franchise fatigue could drive an entertainment industry sea change as the appetite for fresh ideas grows and younger audiences make up more box office sales.
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These are the most overbought stocks after a volatile week
Hewlett Packard Enterprise was among this week’s most overbought stocks.
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U.S. strikes Iranian sites after Iran launches drones, in latest Gulf flare-up
U.S. Central Command said in a post on X that the U.S. then struck Iran’s surveillance sites in Goruk and Qeshm Island, which are both on the Strait of Hormuz.
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A sell-off like Friday’s is ‘rarely the top’ of a rally, says Wharton’s Jeremy Siegel
The artificial intelligence-driven rally is different from previous market bubbles, according to Siegel, who likened it to the Industrial Revolution.
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Google to pay SpaceX $920 million a month for compute capacity at xAI data centers
Ahead of a planned IPO, SpaceX inked a deal to rent compute capacity to Google for $920 million per month for 32 months.
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Meta’s stock sinks on report company could raise tens of billions of dollars to fund AI push
Meta shares dropped after the Financial Times reported that company could potentially raise tens of billions of dollars in a stock offering to help its AI push.
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Crypto mutiny on Strategy: Shorts target ‘MSTR’ in bitcoin bloodbath
Flows around Strategy (MSTR) and the company’s variable-rate preferred stock STRC are turning bearish this week.
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Chip stock breakout vs the rest of tech showing signs of topping out, says Carter Worth
The Philadelphia Stock Exchange Semiconductor Index finally has recouped all its relative losses to the S&P 500 Information Technology Sector.
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Prediction market firms face growing scrutiny as Congress weighs regulation
Rep. Bryan Steil, R-Wisc., is working on a bill to ban Congress members and their staff from certain bets on prediction markets such as Kalshi and Polymarket.
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