Tag: Business
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Snap beats revenue estimates on ad boost from World Cup
Aug 3 : Snap beat Wall Street estimate for second-quarter revenue on Monday, thanks to increased advertising spending during the FIFA World Cup and stronger campaign activity from large advertisers in North America.The social media company’s shares jumped 9 per cent in extended trading.Snap’s focus on
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Larry Berg named next Major League Soccer commissioner
Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.
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Stocks making the biggest moves after hours: Palantir, On Semiconductor, Snap & more
These are the stocks posting the largest moves after the bell.
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Oil prices drop 7% to three-week low after Trump cancels attack on Iran
NEW YORK, Aug 3 : Oil prices fell about 7 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Front-month Brent futures fell $6.35, or 7.0 per cent,…
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Meta, Anthropic invited to meet with Trump officials about AI safety testing
WASHINGTON, Aug 3 : Meta has been invited to meet White House officials on Tuesday to discuss voluntary government safety testing for the most advanced U.S. AI models, a company spokesperson said, and a person familiar with the matter said Anthropic had also been invited. The tech publication The Information
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Apple launches new legal challenge to UK attempt to access encrypted user data, FT reports
LONDON, Aug 3 : Apple has launched a new legal challenge against the British government’s latest attempt to create a so-called backdoor to access encrypted customer data, the Financial Times reported on Monday.The report said Apple last month lodged a legal complaint at the Investigatory Powers Tribunal — B
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Russia set to increase exports from western ports in August amid firm demand in Asia, sources say
MOSCOW, Aug 3 : Oil shipments from Russia’s western ports are set to increase 4 per cent in August from July as drone attacks on domestic refineries make more crude available for exports, while strong demand in Asia encourages sellers to load more, two traders said.Exports from the Baltic ports of Primorsk an
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UK regulator says it is monitoring developments after rogue AI agent hacks
LONDON, Aug 3 : Britain’s data watchdog said on Monday that it was monitoring “developments closely” relating to OpenAI and Anthropic after recent hacking incidents involving their AI models.The industry is facing scrutiny in the United States, where the Trump administration has finalised the details of volun
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Oil falls, stocks gain amid Iran peace hopes; yen firms after 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 against the euro and dollar after the U.S. and Japan confirmed joint intervention to support it.Oil prices fell sharply after U.S. President Don
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‘The Odyssey’ fuels Imax stock to all-time high. CEO calls momentum a ‘flywheel’
Imax shares hit an all-time high Monday as the company continues to haul in box office receipts for Christopher Nolan’s “The Odyssey.”
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