Tag: Business
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Dollar slips after touching one-week high as Iran deal in question
NEW YORK, July 8 : The U.S. dollar edged lower after reaching its highest level in about a week on Wednesday after U.S. President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was “over”, while investors awaited Federal Reserve meeting minutes later in the day.
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Apple to spend $30 billion on Broadcom chips as it boosts US sourcing
SAN FRANCISCO, July 8 : Apple plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom, bolstering its U.S. sourcing as President Donald Trump’s administration pushes to expand domestic chip manufacturing.Broadcom shares rose more than 4 per cent, while Apple shares were down mar
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LatAm assets slide with global markets after Trump says Iran deal ‘over’
July 8 : Most Latin American assets fell on Wednesday after U.S. President Donald Trump said the interim accord to end the war with Iran was over, sending oil prices higher and denting global risk sentiment. Trump also said that the U.S. was likely to launch more strikes on Wednesday night and take over I
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Used EVs keep getting more expensive amid Iran war, high gas prices
The Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% compared to June 2025.
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Bezos’ Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports
July 8 : Jeff Bezos’ Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion before the investment, according to an NYT DealBook report on Wednesday.Coatue Management, a big asset manager, is expected
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Dollar steady around one-week high after Trump says Iran MOU ‘over’
LONDON, July 8 : The U.S. dollar was broadly steady at its highest level in roughly a week on Wednesday after U.S. President Donald Trump said an interim memorandum of understanding signed with Iran to end their conflict was “over”, while investors also looked ahead to Fed meeting minutes due later in the day.
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Delta launches ‘basic business’ fares without lounge access, seat selection
Delta is launching basic business and other stripped-down premium classes that come with fewer perks.
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The U.S. strikes Iran, Samsung’s Wall Street letdown, using AI for financial planning and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Allianz to cut up to 1,800 jobs due to increasing AI use
July 8 : Allianz’s travel insurance division will cut up to 1,800 jobs due to the growing use of AI, said Tomas Kunzmann, CEO of Allianz Partners, on Tuesday evening, confirming an earlier Reuters report.
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HSBC drops ‘overweight’ call on EM equities on AI spending fears
July 8 : HSBC closed its “overweight” stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could disproportionately weigh on EM Asian markets.EM Asian equities have remained volatile lately, with major technology stocks
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