Tag: Business
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McDonald’s is about to report earnings. Here’s what to expect
McDonald’s stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
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Japan’s economy minister offers sanguine view on inflation
TOKYO, Aug 4 : Japan has seen only moderate rises in consumer prices so far with the pass-through of higher costs from the Middle East conflict remaining limited, Economy Minister Minoru Kiuchi said on Tuesday, offering a sanguine view on inflationary risks.The assessment contrasts with that of the Bank of Ja
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South Korea inflation cools, but back-to-back rate hike not ruled out
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) ros
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Singapore’s Grab lifts 2026 forecasts on solid delivery, ride-hailing demand
The upbeat projections and a new US$750 million share buyback program pushed shares of the Nasdaq-listed company up 3 per cent in extended trading, but the stock is down more than 26 per cent this year.
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Oil ticks up after selloff as talks to end US-Iran war remain uncertain
Aug 4 : Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.Front-month Brent futures rose $0.62, or 0.7 per cent, to $84.39 a barre
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South Korea inflation cools to three-month low, but risks remain
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward price pressures.The consumer price index (CPI) rose 2.8 per cent in July from a year earlier, after rising 3.2 per cen
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Palantir lifts annual revenue forecast on steady demand for AI-powered data analytics
Aug 3 : Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data analytics software, sending its shares up 14 per cent in extended trading.Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses
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Snap beats revenue estimates on ad boost from World Cup, shares surge
Aug 3 : Snap beat second-quarter revenue estimates on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America, sending its shares up 13 per cent in extended trading.The social media company is bolstering its appeal by fo
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TikTok settling three teen social media lawsuits ahead of trial
NEW YORK, Aug 3 : TikTok has agreed to settle three lawsuits brought by young people who accuse social media companies of designing their platforms to be addictive and harming their mental health, a plaintiffs’ lawyer said Monday.The terms of the settlements are confidential and subject to the finalization of
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Australia’s Qantas to exit Jetstar Japan in $52 million share buyback deal
Aug 4 : Qantas Airways will sell its 33.32 per cent stake in Jetstar Japan through a share buyback transaction valued at 8.2 billion yen ($52.11 million), the Australian airline said on Tuesday.($1 = 157.3700 yen)
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