Tag: Business
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US oil prices jump after US military launches strikes against Iran
TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session’s gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.The strikes against Iran were in response to Iranian attacks
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Japan asset managers pursue global investor mandates as yen bond demand grows
TOKYO, July 8 : Japanese asset managers, including the units of Mizuho and Nomura, are rushing to launch bond funds to meet soaring interest in Japanese debt as higher interest rates mean attractive yields for the first time in decades.The market is deepening as more Japanese firms issue bonds as a source of
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Telstra outage disrupts Australian train services, taxi payments
July 8 : An outage hit services of Australia’s biggest telecommunications company Telstra on Wednesday, disrupting taxi payment systems and some train services, with the government saying the issue affected “a large number of mobile calls and connections.”Train services connecting Melbourne, Australia’s secon
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Cramer’s lightning round: Sell Wendy’s
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Jim Cramer sees a buying opportunity in this retail giant down nearly 18% from its high
CNBC’s Jim Cramer said Walmart’s roughly 18% pullback since its mid-May peak has created a buying opportunity.
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Jim Cramer says the market’s reaction to Samsung may signal a shift in AI leadership
CNBC’s Jim Cramer said Samsung’s earnings sparked a sell-off in AI hardware stocks, while many tech names that have lagged this year rebounded.
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SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports
July 7 : SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, The Information reported, citing a memo sent to staff.The companies pushed back plans to launch the new model earlier this week in order to improve its efficiency, according to the report published on Tue
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Trading Day: A chip on our shoulder: Volatile semis drag US stocks lower, crude jumps
NEW YORK, July 7 : Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude prices higher.I will go into more detail on today’s market moves below. If you have more time to read, here are a few articles I recommen
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Amazon aims to raise $25 billion from bond sale, source says
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, a source familiar with the matter told Reuters on Tuesday, in the company’s latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fund their costly
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Perplexity says it plans to use Nvidia’s new CPU
SAN FRANCISCO, July 7 : AI startup Perplexity on Tuesday confirmed it plans to use Nvidia’s new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.Nvidia has said it expects to generate $20 billion in sales from its “
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