Tag: Business
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Dollar firms as markets await Fed decision and Warsh debut
NEW YORK, June 17 : The dollar edged higher on Wednesday ahead of the conclusion of the Federal Reserve’s two-day policy meeting, the first to be chaired by Kevin Warsh, with markets closely watching for any signs of a hawkish shift from policymakers.The Fed is widely expected to hold its benchmark rate stead
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Quantum tech firm EigenQ to go public in $3 billion SPAC deal
June 17 : EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.EigenQ’s core business includes making cybersecurity systems that will protect networks and devices from future attacks by po
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Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO
June 17 : Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon Web Services executive Nadia Carlsten as president and CEO, cementing the former footwear maker’s pivot to an AI infrastructure firm.The company had said in April it was shifting its focus to offer cloud computing capaci
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Genspark.ai valued at $2.6 billion in latest funding round
June 17 : Technology company Genspark.ai said on Wednesday it had raised $100 million in its extended funding round that valued it at $2.6 billion.The Palo Alto, California-based company said the extension increased its total Series B financing to $485 million.The funding comes as investors continue to
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US stocks inch higher ahead of Fed decision
NEW YORK: Wall Street stocks edged higher early Wednesday (Jun 17) as markets looked ahead to Kevin Warsh’s first Federal Reserve decision announcement as chairman and digested data showing increased US retail
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Cyber warfare firm Twenty valued at $1 billion in latest funding round
June 17 : Cyber warfare startup Twenty said on Wednesday it has raised $100 million in a funding round that valued it at $1 billion, underscoring growing investor interest in cybersecurity and defense technology.The round, led by Accel, brings the company’s total fundraising to $138 million since its founding
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Big Tech-backed coalition for carbon removal increases funding by $915 million, adds Anthropic
(Removes Salesforce, which is not a new participant but an existing member of the coalition, from paragraph 1)By Susanna TwidaleLONDON, June 17 : A coalition backed by Big Tech companies for carbon removal technology, said on Wednesday it would inject an additional $915 million into the sector, and ad
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In US, EU mutual interest for Europe to use best AI models, von der Leyen says
EVIAN-LES-BAINS, France, June 17 : European Commission President Ursula von der Leyen said on Wednesday it was in the mutual interest of the United States and the European Union for the EU to use the best AI models, while praising U.S. moves to ensure artificial intelligence companies acted responsibly when introduc
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Fed day, Trump at G7 summit, Carvana’s new vehicle push and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online
But don’t expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.
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