Tag: Business
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Exclusive-Meta head of product for ‘AI for work’ transformation is leaving company
NEW YORK, June 17 : A Meta executive overseeing a key piece of its restructuring around AI agents is leaving the company, according to an internal announcement seen by Reuters on Wednesday.Emily Dalton Smith, who has been with the Facebook owner since 2015, previously held roles as a vice president of product
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Nippon Steel sees strong American market lifting US Steel earnings
TOKYO, June 18 : Nippon Steel, the world’s No. 3 steelmaker, expects the American market to remain buoyant, supported by import tariffs and resilient demand, which could lift earnings at U.S. Steel beyond current forecasts, Vice Chairman Takahiro Mori said.”We are confident that U.S. Steel will be able to po
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Analysis:SPACs are back, thanks to Wall Street’s mega-IPO frenzy
June 17 : SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI.That is giving blank-
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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
Despite the beats, questions remain about the company’s ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.
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Saudis seek EU approval for $55 billion EA deal, decision by July 22
BRUSSELS, June 17 : A group of investors including Saudi Arabia’s Public Investment Fund has sought EU antitrust approval for its $55 billion acquisition of videogame developer Electronic Arts, according to a European Commission filing on Wednesday.The Commission, which acts as the EU competition enforcer, se
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France’s OVHcloud plans frontier AI models to become Europe’s second LLM player
PARIS, June 17 : OVHcloud plans to train frontier AI models – the most advanced, large-scale systems built from scratch using vast data and computing power – its CEO said on Wednesday, positioning the firm as a potential European challenger to Mistral.The move marks a shift for OVHcloud, Europe’s largest clou
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Italian fintech Conio secures EU licence for crypto services
MILAN, June 17 : Conio, an Italian fintech backed by Poste Italiane and Banca Generali, has obtained a licence in Italy under the European Union regulation for digital assets (MiCAR) to operate as a crypto-asset service provider (CASP).* The authorisation, granted following a review involving markets regulato
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Stocks making the biggest moves midday: SpaceX, JPMorgan, UniQure, Intel, Figma, Nano Nuclear & more
These are some of the stocks posting the largest moves midday.
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JetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale
JetBlue is planning to cut crew bases at Newark Liberty International Airport in New Jersey and New York’s LaGuardia Airport.
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Electronics firm Jabil raises annual profit forecast on strong data center demand
June 17 : Jabil raised its 2026 profit forecast on Wednesday, as the electronic-component maker looks to capitalize on AI-led demand for data centers, sending its shares up by more than 10 per cent in morning trading. A surge in data-center infrastructure spending, driven by strong demand for AI computing pow
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