Tag: Business
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Rockstar Energy founder builds Celsius stake, wants to take over as CEO
Rockstar Energy founder Russ Savage told CNBC he now controls 12 million shares of Celsius Holdings, amounting to roughly 4.7% of the energy drink company.
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US stocks, bonds rally after soft jobs report; yen bounces back
LONDON, Aug 7 : Global stocks headed for their strongest weekly gain since May after a weaker-than-expected U.S. jobs report eased fears of an imminent Federal Reserve rate hike, while strong earnings and AI enthusiasm outweighed concerns about the Iran war.U.S. stocks opened higher on Friday and Treasury yie
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Airbnb hits four-year high as investors cheer revenue forecast raise, AI payoff
Aug 7 : Airbnb shares surged 14 per cent to a more-than-four-year high on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over the fallout on global travel demand from the conflict in the Middle East.As the war in Iran enters its sixth month, hotel operators and online travel
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Trump says Congress wants to regulate AI industry ‘out of business’
WASHINGTON, Aug 7 : U.S. President Donald Trump said the U.S. Congress wants to regulate the AI industry “out of business,” according to a Punchbowl News interview published on Friday.Trump’s remarks underscore a widening debate in Washington over how aggressively to police a fast-moving AI industry that has
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Cloudflare shares jump after forecast raise on higher AI-driven spending
Aug 7 : Cloudflare shares rose 16 per cent before the bell on Friday after the cloud services firm raised its annual forecasts, betting that growing enterprise spending on AI infrastructure would drive demand for its networking and security products.The results, reported after markets closed on Thursday, add
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Japan’s yen surges after US jobs data, traders wary of intervention risk
LONDON, Aug 7 : The yen jumped suddenly against the dollar again on Friday after a surprisingly weak U.S. employment report, with traders alert to the prospect of intervention just a few days after Japanese and U.S. authorities jointly stepped into the foreign exchange markets to lift the stubbornly weak Japanese cu
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Stocks, dollar steady ahead of US jobs report; oil wobbles
LONDON, Aug 7 : Global stocks headed for their strongest weekly gain since May on Friday, ahead of major U.S. jobs data, as investor optimism over robust earnings growth and enthusiasm over AI helped offset concern about the conflict in the Middle East.MSCI’s All-World index has risen 2.4 per cent this week,
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Take-Two sticks to annual bookings outlook, says on track for ‘GTA VI’ November launch
Aug 7 : Take-Two Interactive maintained its annual bookings forecast on Friday, but reiterated the November 19 launch date for its highly anticipated title “Grand Theft Auto VI”, bringing the blockbuster release one step closer to fans. Shares of the company were marginally up in volatile premarket trading af
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Airbnb shares gain as investors cheer revenue forecast raise, AI payoff
Aug 7 : Airbnb shares rose 9 per cent in premarket trading on Friday as the vacation-rental firm’s raised annual revenue forecast eased worries over the fallout on global travel demand from the conflict in the Middle East.As the war in Iran enters its sixth month, hotel operators and online travel agencies ar
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July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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