Tag: business news
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Holiday retail sales are expected to top $1 trillion as inflation boosts growth
Holiday retail sales are expected to grow this holiday season and top $1 trillion for the first time, though that growth is boosted by inflation.
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Mortgage rates jump for the sixth straight week, hitting both refinance and homebuyer demand hard
Mortgage demand dropped for the 7th straight week, as rates surged well over 7% on the 30-year fixed.
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Moderna has been on a tear since mid-August. Citi now sees it plunging 60%
Analyst Geoff Meacham downgraded the biotech name to sell.
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Dan Ives prepares to debut fund offering access to private companies fueling AI boom
Yorkville Ives priced a fund aiming to give investors access to the private companies helping develop artificial intelligence.
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OpenAI is sued over rogue AI Hugging Face cyberattack
The lawsuit appears to be the first publicly reported case seeking to hold an AI developer liable for an incident caused by rogue systems.
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Ken Griffin pledges $3 billion to Carnegie Mellon University in ‘historic’ gift
Citadel CEO Ken Griffin is committing $3 billion to Carnegie Mellon University, a “historic” gift that includes $2 billion to establish a new Miami campus.
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Singapore’s Temasek to expand Middle East presence, open Abu Dhabi, Riyadh offices
Singapore state investor Temasek plans to open offices in Riyadh and Abu Dhabi by the first half of 2027, its most significant Mideast expansion to date.
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Million-dollar question: Between S&P 500 bulls and bears, who would likely win?
The bulls are convinced that the SPX is poised for a “massive upside reversion,” while the bears argue that the SPX “can’t hold up much longer.”
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‘Don’t go with a fund, go with a solution’: CEO’s tips from decades of global investing
BlueFive Capital CEO Hazem Ben-Gacem talks about his preferred investment areas and strategies.
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Beijing warns of retaliation if Europe imposes curbs on Chinese businesses
China must “respond firmly” if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.
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