Tag: Business
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Roblox’s algorithm, safety changes dent bookings forecast; shares slump
July 30 : Roblox forecast a steeper-than-expected drop in third-quarter bookings on Thursday as a shift toward lower-spending games and new safety measures weigh on in-app purchases, sending its shares down 14 per cent in after-hours trading. The company said bookings were impacted after changes to its recomm
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US cyber defense agency warns hackers are increasingly targeting water systems
July 30 : The U.S. government’s civilian cyber defense agency on Thursday warned of a significant increase in hackers targeting technology used to maintain and control water and wastewater systems, and said operators of such systems should remove them from the internet as soon as possible.The warning comes
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Anthropic says its AI models hacked systems of three companies during tests
July 30 : Anthropic said on Thursday its AI Claude model hacked systems of three organizations during testing, days after rival OpenAI revealed a rogue agent had gone on a days-long hacking spree at AI firm Hugging Face.Claude gained unauthorized access to the systems during cybersecurity evaluations after a
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Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public
Investors are questioning whether Beijing’s blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
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Cramer’s lightning round: Buy Howmet Aerospace
“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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Indonesian state telecom said to weigh sale of venture arm managing $830 million
Indonesia’s state-owned telecom giant is exploring a sale of MDI Ventures, according to people familiar with the matter.
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IBM CEO says quantum computing will have a ‘measurable impact’ on earnings by 2028 or 2029
IBM CEO Arvind Krishna said the company’s investments in quantum computing should begin to have “a measurable impact” on revenue and earnings by 2028 or 2029.
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Japan intervenes to prop up yen ahead of BOJ policy decision
TOKYO, July 31 : Japan conducted yen-buying, dollar-selling market intervention in New York markets on Thursday, a market source said, pulling the sagging currency from four-decade lows.The move came ahead of the Bank of Japan’s policy decision on Friday, where the central bank is widely expected to keep inte
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Domain registrar GoDaddy narrows annual revenue forecast
July 30 : GoDaddy narrowed its annual revenue forecast and largely met second-quarter estimates on Thursday, amid slower adoption of AI tools and weaker customer acquisition.Here are some details:• GoDaddy has heavily invested in AI tools to help small and medium-sized businesses build and automate t
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Jim Cramer says this hedge fund’s blowup reveals the hidden risks of leverage
CNBC’s Jim Cramer said the forced unwind of Situational Awareness shows how borrowing money can quickly magnify losses and trigger forced selling.
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