Tag: Business
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Amazon, Meta and Microsoft face skeptical investors this week after Google report sparked sell-off
Alphabet’s free cash flow has turned negative, and the company lifted its capital spending forecast. Slower-growing cloud rivals report this week.
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Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
July 28 : Amazon.com is revamping its AI strategy, winding down many of its in-house AI models and sharpening focus on a new frontier-model effort, Business Insider reported on Tuesday citing people familiar with the matter.The company has begun deprecating most of its flagship Nova AI models, including the h
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PayPal presses on with turnaround in pivotal quarter as sale questions linger
July 28 : PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as “low-ball”.The payments company, once the crown jewel of Ame
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Core Scientific signs AI infrastructure deal with AMD
July 28 : Core Scientific signed a deal with AMD, under which the chip firm will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems, the companies said on Tuesday. Shares of Core Scientific rose 4 per cent in premarket trading. Demand for electricity, l
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BetMGM cuts outlook as prediction market competition grows
July 27 : U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies.Licensed sportsbook operators in the U.S. are facing growing p
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Boeing posts bigger loss than expected as Air Force One costs weigh on results
Boeing took a $280 million charge on its long-delayed Air Force One program.
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Stocks making the biggest moves premarket: Coca-Cola, Sherwin-Williams, Johnson & Johnson & more
These are the stocks posting the largest moves in early trading.
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Oil touches over one-week low as pause in attacks brings hope of US and Iran deal
July 28 : Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.Brent crude futures were down $2.53, or 2.86 per cent, at $85.83 by 0934 GMT. U.S. West Texa
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Exosens to triple thermal-camera output as drone demand drives outlook higher
July 28 : French defence company Exosens said on Tuesday it would triple thermal-camera production capacity in 2026 to meet growing demand from drone and counter-drone systems, as the night-vision equipment maker lifted expectations for results towards the upper end of its full-year guidance.The company now e
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Canal+ says ‘Paddington 4’ is in works, as it locks down French streaming advantage
July 28 : Canal+ CEO Maxime Saada said on Tuesday that a fourth live-action Paddington film was in development with A-list talent, adding fresh momentum to one of StudioCanal’s biggest international franchises.The pay-TV provider will also be the first to bring “Paddington 4” to the small screen in France, ju
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