Tag: business news
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Bain Capital to acquire bubble tea chain Gong cha as rival MBK grapples with regulatory pressure at home
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
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Asia tech sell-off has not derailed AI investment cycle, J.P. Morgan says
The recent 25%-30% correction in Asian tech stocks and the Philadelphia Semiconductor Index marks the third major drawdown since the upcycle began in late-2022.
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JPMorgan’s Jamie Dimon warns of high leverage: ‘Somebody will disrupt the market’
JPMorgan Chief Executive Officer Jamie Dimon warned that leverage across financial markets remains elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions.
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Shopify exec says AI is ushering in a ‘golden age of entrepreneurship’
Shopify President Harley Finkelstein said AI is making it easier for entrepreneurs to launch and grow businesses.
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S&P 500 is experiencing violent surge often seen at major market tops. One chart analyst is worried
One chart analyst sees echoes of the dot-com bubble in the S&P 500’s latest run-up, as the index has had a sharp surge often seen at major market tops.
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Fed Governor Cook says she’s ‘prepared to act’ on rate hike to address inflation
Cook was part of a 9-3 majority that voted last week to keep the central bank’s benchmark borrowing rate in a range between 3.5%-3.75%.
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Marc Benioff gets a new operating chief, as Salesforce promotes Miguel Milano
Salesforce promoted revenue head and former Oracle executive Miguel Milano to role of operating chief.
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E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%
E.l.f. Beauty received $50 million in tariff refunds during its fiscal first quarter, leading profits to nearly double.
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As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
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Wall Street’s ‘fear gauge’ is doing something unusual as stocks hit record highs
Stocks and the Cboe Volatility Index move together only about 20% of the time.
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