Tag: Business
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Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading.
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Bayer shifts US glyphosate business to Ruveon after seeking tariffs on Chinese imports
July 1 : Bayer said on Wednesday it is consolidating its U.S. glyphosate business into its Ruveon unit, a day after it asked Washington to impose duties on Chinese imports of the chemical used in the company’s weedkiller Roundup.• Bayer, the only U.S. maker of glyphosate, sought duties against Chinese impor
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South Korea’s inflation rate quickens to 2-1/2-year high
SEOUL, July 2 : South Korea’s consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16.The consumer price index (CPI) rose 3.2 per cent from a year earlier, marking the biggest
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Cramer’s lightning round: Buy AST SpaceMobile
“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 says this former Covid market darling is finally investable again
CNBC’s Jim Cramer said Moderna’s expanding pipeline in treatments for cancer and other diseases provides a compelling long-term investment thesis.
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Trump’s $2 billion income sits ‘unprecedented’ among US presidents
The White House has refuted claims that Trump is profiting off the presidency and said he doesn’t have any conflicts of interest.
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Jim Cramer says to use Wednesday’s market rotation to your advantage. Here’s how he’d play it
CNBC’s Jim Cramer said investors should use the latest market rotation to buy some of the biggest winners they may have missed.
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US Treasury picks BlackRock, Vanguard ETFs for Trump Accounts
July 1 : The U.S. Treasury has selected two BlackRock exchange-traded funds for Trump Accounts and named Vanguard as an alternate fund partner for the government’s new child savings program, which is set to launch on July 4.BlackRock’s iShares Core S&P 500 ETF (IVV) and iShares Core S&P Total U.S. Stock Marke
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Alibaba to pay $600 million to resolve US drug sales probe
WASHINGTON, July 1 : Chinese technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve allegations that they failed to prevent illegal drug sales, the U.S. Justice Department said on Wednesday.The companies entered into non-prosecution agreement
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Exclusive-SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
July 1 – SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns about the difficulty of valuing private companies, two people familiar with the matter said.To make lenders more comfortab
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