Tag: Business
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HSBC partners with Google Cloud to expand AI usage
LONDON, June 17 : HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank’s artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery’s drive to embrace the revenue-generating and cost-savings powe
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OpenAI burned $3.7 billion in first quarter of 2026, The Information reports
June 16 : OpenAI burned through $3.7 billion in the first quarter of 2026, more than half its $5.7 billion in revenue, The Information reported on Tuesday, citing documents the company shared with shareholders.Reuters could not immediately verify the report.Earlier this month, OpenAI said it had confid
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Oracle says details in report of failed Microsoft cloud deal talks ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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US asset managers file for first ETFs targeting Wall Street’s new obsession, AI and the ‘MANGOS’
June 16 : Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street.In
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Japan manufacturers’ sentiment rises for second month on chip-driven demand: Reuters Poll
TOKYO, June 17 : Japanese manufacturers’ sentiment improved for the second consecutive month in June, as persistent semiconductor demand supported chemicals and machinery makers, the latest Reuters Tankan survey showed.The monthly poll, a leading indicator of the Bank of Japan’s quarterly Tankan business surv
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Cramer’s lightning round: Buy Cava
“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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Yum Brands CEO lays out the benefits of selling Pizza Hut
Yum Brands CEO Chris Turner said selling Pizza Hut will allow the company to focus more heavily on Taco Bell and KFC.
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Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk
CNBC’s Jim Cramer said SpaceX investors are betting on Elon Musk’s vision and track record, rather than the company’s current earnings power.
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Databricks sales growth tops 80%, but margin are shrinking from swarm of AI agents
Databricks is seeing higher growth as AI agents assist with data analysis, but all that activity is significantly increasing costs.
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Oracle says details in report of failed Microsoft cloud deal ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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