Tag: business news
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Oil rises as U.S. continues to strike Iran, reinstates naval blockade of the country’s ports
Oil prices rose Wednesday after U.S. forces struck Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz.
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China posts slowest GDP growth since 2022 at 4.3%, missing expectations
That second-quarter growth came below Beijing’s full-year growth target range of 4.5% to 5%, the least ambitious goal in decades.
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Jim Cramer says IBM’s 25% plunge isn’t enough to make the stock a buy
CNBC’s Jim Cramer said IBM’s sharp sell-off isn’t enough to make the stock a buy.
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U.S. strikes Iran before Hormuz Strait blockade restarts
President Donald Trump has said the U.S.-Iran ceasefire is over following multiple flare-ups of hostilities in the region.
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Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plunge
The report said Lucid was considering options that could include going private or filing for bankruptcy protection.
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T. rex sells for $50 million, becoming the most expensive dinosaur fossil ever auctioned
It passes a stegosaurus skeleton that billionaire hedge funder Ken Griffin bought for $44.6 million in 2024.
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Barclays believes SK Hynix’s U.S. shares can double. Here’s why
The memory shortage will allow price increases that will boost revenue, Barclays says.
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Bank of America says investors are too bullish so forget about summer market upside
Strategist Michael Hartnett worries the sheer level of optimism is a contrarian sell signal, saying investors should reduce their exposure to stocks.
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Paramount still plans to close WBD merger by end of September despite lawsuit
Paramount is still planning for its acquisition of Warner Bros. Discovery to close by late September despite lawsuit challenge from state attorneys general.
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