Tag: Business
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Oil rises slightly as investors await clarity after Iran-Israel halt attacks
June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump.Brent crude futures rose 13 cents, or 0.14 per cent, to…
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Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
June 8 : SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week.The billionaire said that much of the required technology already exists in its current Starlink satellite network.”Part
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Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
June 8 : AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas.”Agnostic of these two companies, we were planning for something in 2028, so that still remains the c
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South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate
SEOUL, June 9 : South Korea’s economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday. Gross domestic product grew 1.8 per cent in the January-March quarter from the preceding three months, faster than the 1.7 per cent increase estim
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OpenAI joins Anthropic in IPO push
June 8 : OpenAI said on Monday it confidentially filed for a U.S. initial public offering recently, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. The ChatGPT-maker said it has not decided on a timeline of the IPO yet nor did it disclo
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Jim Cramer says sovereign AI is Nvidia’s powerful new growth driver
CNBC’s Jim Cramer said Nvidia’s growing sovereign AI business could help reduce the company’s dependence on hyperscalers.
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Cramer’s lightning round: Buy CBOE Global Markets
“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 warns key pillars of the bull market are beginning to crumble
CNBC’s Jim Cramer said that he’s becoming more cautious on stocks after several pillars of his bullish outlook have come under pressure.
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Dollar eases as Iran and Israel agree to halt strikes
NEW YORK/LONDON, June 8 : The dollar eased on Monday but hovered near its highest level in nearly two months, after Iran and Israel agreed to halt attacks on each other following an appeal by U.S. President Donald Trump.The pause in strikes by both Iran and Israel lured investors into other currencies that ha
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Applied Digital signs $5.2 billion AI data center lease with US hyperscaler
June 8 : Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the period, sending the company’s shares up 8.7 per cent in extended trading. Major technology companies are raising their spending on da
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