Tag: Business
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Mastercard profit jumps as stable spending drives transaction volumes
July 30 : Mastercard posted a rise in second-quarter profit on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the resulting economic uncertainty w
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Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street’s second quarter expectations amid “healthy” demand for its products.
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Stocks making the biggest moves premarket: Meta, Microsoft, Teladoc, Norwegian Cruise Line & more
These are the stocks posting the largest moves in the premarket.
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Wealth managers face a new challenger: their clients’ AI chatbots
Large language models may give financial advisors a run for their money, but wealth management leaders say the human touch can’t be replaced.
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US dollar finds footing after Fed hold and Iran air strikes
July 30 : The dollar found its footing on Thursday after the Federal Reserve kept its policy interest rate on hold and Chair Kevin Warsh left markets guessing about how divisions on its rate-setting committee would resolve.The greenback rose against most major currencies after the U.S. said it was conducting
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Hyundai Motor India posts quarterly profit drop as costs, production disruption weigh
July 30 : Hyundai Motor India reported a 35.1 per cent drop in first-quarter profit on Thursday, hurt by a jump in costs as well as a production disruption at its Chennai plant.The unit of South Korea’s Hyundai Motor reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from
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South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea’s four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation’s major refiners, import
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Analysis:Meta’s AI splurge lays bare its compute conundrum
July 30 : Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The problem is: investors aren’t buying it.The Instagram owner is splurging billions to build compute – chips, servers, energy and data centers
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India’s Swiggy posts narrower loss as quick commerce arm hits contribution break-even
July 30 : India’s Swiggy Ltd on Thursday posted a narrower quarterly loss by 34 per cent, buoyed by healthy demand for its food delivery and as its quick commerce arm hit a contribution break-even. The Instamart-owner reported a consolidated net loss of 7.91 billion rupees ($82.67 million) for the April-June
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Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
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