Tag: Business
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Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios
Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.
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US futures rise as oil weighed by supply while earnings loom
SYDNEY/LONDON, July 6 : U.S. futures ticked higher and European stocks traded near record highs on Monday as the potential for increased energy supplies pulled down oil prices, while investors awaited a crucial earnings season for the AI sector.While there were no new developments in the fractious U.S.-Iran p
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Broadcom, Apple extend chip supply deal through 2031
July 6 : Broadcom said on Monday it has agreed to expand its partnership with Apple through 2031 to develop and supply a range of custom chips, sending the shares of the chipmaker up nearly 4 per cent in premarket trading.Broadcom has been a supplying key components to Apple for a very long time, including…
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Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion
July 6 : Honeywell spinoff Solstice Advanced Materials said on Monday it will buy Element Solutions at about $14.5 billion, including debt, in a cash-and-stock deal.The deal comes less than a year after Solstice completed its spin-off from industrial conglomerate Honeywell International. The combinatio
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Trump exclusive, prediction market activity soars, AI Alexander Hamilton and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Versant agrees to buy golf simulator company Full Swing for $530 million
The deal for Full Swing will expand Versant’s nontraditional media assets in an effort to diversify revenue from cable television.
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Britain should consider regulating AI models, FCA official says
LONDON, July 6 : Britain should review whether large language models such as ChatGPT, Claude and Gemini should be regulated as general-purpose AI tools as they increasingly influence consumer financial decisions, a senior official said on Monday. Financial Conduct Authority Executive Director Sheldon Mills
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Hedge funds dumped chip stocks for a fourth week as AI shares sold off
LONDON, July 6 : U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before many of these companies will report earnings.Tech shares and especially semiconductors have prope
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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Stocks making the biggest moves premarket: Lam Research, Intel, DataDog & more
These are the stocks posting the largest moves premarket.
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