Tag: Business
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Nebius gets $3.5 billion Citi facility for data center growth
AMSTERDAM, Oct 22 : AI cloud services firm Nebius on Thursday said it had secured a $3.5 billion financing facility from Citi to fund continued development of its data centres and GPU purchases as it races to expand capacity.The announcement comes against the backdrop of a selloff in shares last week related
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Trump’s approval rating on economy hits all-time low as midterm looms: CNBC survey
Eight out of 10 Americans now rate the economy as fair or poor, one of several findings in a CNBC poll that show why Republican candidates face uphill battles.
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Procter & Gamble earnings beat as sales rise 4%, boosted by laundry and home products
Procter & Gamble topped Wall Street’s estimates for its quarterly earnings and revenue.
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Stocks making the biggest moves premarket: Tesla, Meta, Aevex, Spotify & more
These are the stocks posting the largest moves premarket.
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American Airlines expects deeper 2026 loss on pricier fuel despite record revenue
It’s the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs.
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David’s Bridal plans to spin off AI platform Pearl into publicly traded company
David’s Bridal told CNBC exclusively that it’s planning to spin off its AI platform, Pearl, into a stand-alone publicly traded company.
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New bipartisan bill aims to speed up clinical trials for rare disease treatments
A new bipartisan bill aims to speed rare disease drug development by making clinical trials faster, cheaper and more accessible to patients.
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US banks detect unauthorized AI agents in customer accounts, Axios reports
Oct 22 : Major US banks are detecting unauthorized third-party AI agents operating inside customer accounts, with some agents attempting to take actions that appear to be independent of user instructions, Axios reported on Thursday, citing people familiar with the matter. Banks including Morgan Stanley ,
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SAP clients increasingly worry about AI models’ origin, CFO says
Oct 22 : Customers are increasingly asking where the AI inside their business software was built, SAP’s finance chief told Reuters on Thursday, with export controls and Europe’s sovereignty debate now shaping decisions once made on price and performance alone.”Could data used by that model be channelled out t
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Spotify forecasts fourth-quarter profit above estimates on AI bets
Oct 22 : Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, as the Swedish music streaming company bets on its AI-powered features to drive user growth in the crucial holiday season.The company expects operating income of €820 million ($920.53 million), compared with analysts’
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