Tag: Business
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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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Regulatory action on chips, AI is coming, Commerce official says
WASHINGTON, July 14 : Action regulating artificial intelligence and semiconductors is coming, a U.S. Commerce Department official who oversees export controls said at a hearing on Tuesday.The official, Jeffrey Kessler, made the remarks while noting that the Trump administration does not plan to replace the Bi
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U.S. trade official says ‘very few’ Nvidia H200 AI chips have been shipped to China
The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia’s sales even higher.
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Stocks making the biggest moves midday: IBM, Goldman Sachs, CleanSpark, HCA Healthcare & more
These are some of the stocks posting the largest moves midday.
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Russia launches American and two cosmonauts to space station with rare NASA chief visit
WASHINGTON, July 14 : Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired launchpad with a rare joint attendance by the heads of NASA and Russia’s space agency.U.S. astronaut Anil Menon and cos
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Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
July 13 : Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the matter, and value the company at close to $80 billion, including debt.Goldman Sachs and JPMorgan Chase hav
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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz.The U.S. Consumer Price Index increased by a
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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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How to invest in venture capital with the rise of megafunds
Getting access to the big funds, and paying their steep fees, has become more difficult even for some large family offices and ultra-wealthy investors.
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IBM warns AI boom is squeezing software budgets; shares sink in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending from software to data-center infrastructure and forecast second-quarter earnings below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning sent IBM’s shares down 26 per cent in early trading on
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