Tag: Business
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Meta, BlackRock partner on $14 billion El Paso data center
July 28 : Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.The race to build out AI infrastructure has prompted tech giants to turn to debt sal
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Sports betting industry spending on US midterm elections surpasses $72 million
NEW YORK, July 28 : DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the latest campaign election data shows, as prediction markets like Kalshi and Polymarket bring fresh scrutiny — and competition — to online bett
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India’s Pine Labs profit jumps four-fold as digital payments adoption increases
July 28 : Indian fintech firm Pine Labs on Tuesday posted a more than four-fold increase in first-quarter profit, driven by increased adoption of digital payments and the underlying infrastructure in the country.• The company’s consolidated profit rose to 195.7 million rupees ($2.04 million) in the April-Ju
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Coca-Cola is about to report earnings. Here’s what to expect
Coca-Cola stock has risen 19% this year, outstripping the gains of the S&P 500.
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Wildfires burn nearly 300,000 acres in France and Spain as heat wave looms
Temperatures in France are expected to rise to 95 degrees Fahrenheit this week, as firefighters battle the ongoing wildfire, which has affected parts of Spain.
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UPS beats earnings expectations, raises full-year guidance
UPS beat Wall Street expectations and raised its full-year guidance in its second-quarter earnings report Tuesday.
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Dollar hovers near four-week peak as markets mull Fed hike odds
July 28 : The U.S. dollar steadied near a four-week high on Tuesday as traders assessed the possibility of a Federal Reserve interest rate hike this week, even as falling oil prices offered some relief on the inflation front.The dollar index, which measures the greenback against a basket of currencies includi
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Google rivals line up seeking damages after record $1 billion EU fine
BRUSSELS, July 28 : A decades-long crackdown on Google’s business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to a wave of private lawsuits demanding up to $10 billion in damages.Having already absorbed billions o
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UK’s Games Workshop falls as tariff, cost concerns overshadow record profit
July 28 : Shares in Games Workshop fell as much as 6.5 per cent on Tuesday after the British miniature wargames maker flagged tariff headwinds and higher plastic prices stemming from the Iran war, overshadowing record annual profit.Here are some details:• Games Workshop said new U.S. tariffs are expe
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Barclays bolsters Asia investment banking team in push for fee growth
HONG KONG, July 28 : Barclays is moving to bolster its investment banking presence across Asia-Pacific, prioritising fee-rich advisory and M&A opportunities a year after restructuring its regional team.”We want to add more to our core coverage advisory business because our global focus is to grow that busines
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