Tag: Business
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South Korea July inflation +2.8% y/y, weaker than expected
SEOUL, Aug 4 : South Korea’s consumer inflation weakened to a three-month low in July, coming in below market expectations on a fall in oil prices, government data showed on Tuesday. The consumer price index rose 2.8 per cent in July from a year earlier, after rising 3.2 per cent in June, according to the…
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Electronic Arts misses quarterly bookings estimates ahead of Saudi-backed buyout
Aug 3 : Videogame publisher Electronic Arts missed expectations for first-quarter bookings on Monday, hit by a post-launch decline in engagement for its “Battlefield” franchise ahead of its Saudi-backed acquisition.Here are more details:• Despite having a strong launch last year, “Battlefield 6” has
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Jim Cramer says Wall Street’s latest trading trend is creating buying opportunities
CNBC’s Jim Cramer said stocks are increasingly moving as part of thematic trading baskets rather than on company-specific fundamentals.
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Cramer’s lightning round: Buy Carvana
“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 says the market has warmed up to Big Tech’s AI spending. Here’s what flipped the switch
Cramer said Amazon CEO Andy Jassy finally explained how Amazon’s massive AI spending will generate long-term returns.
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Oil drops, stocks gain amid Iran peace hopes; yen firms as investors watch for further intervention
NEW YORK/LONDON, Aug 3 : Oil prices dropped and major stock indexes gained on Monday on signs that U.S.-Iran tensions were easing again, while the yen strengthened after the U.S. and Japan confirmed joint intervention to support the currency and investors watched for signs of further intervention. U.S. Presi
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Snap beats revenue estimates on ad boost from World Cup, shares jump
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 9 per cent in extended trading.The social media firm’s focus on direct response ads, de
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US House panel seeks briefing on OpenAI’s AI agent security breach
WASHINGTON, Aug 3 : The U.S. House of Representatives’ cybersecurity committee asked OpenAI CEO Sam Altman for a briefing on the company’s rogue AI agent that attacked AI platform Hugging Face, according to a letter from the committee.
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Onsemi forecasts upbeat revenue on surging AI data center chip demand
Aug 3 : Chipmaker Onsemi on Monday forecast third-quarter revenue above Wall Street expectations, betting on surging demand for power management chips used in AI data centers.Onsemi’s results come as it looks to its biggest deal yet, a $7 billion all-stock acquisition of Synaptics announced in June, to tap in
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Palantir lifts annual revenue forecast as data analytics spending booms
Aug 3 : Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong demand for its data analytics software from government and commercial clients, sending its shares up 8 per cent in extended trading.Modern warfare and geopolitical uncertainty have prompted governments to invest
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