Tag: Business
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South Korea economy expands 0.6% q/q in Q2, better than expected
SEOUL, July 23 : South Korea’s economy grew faster than market expectations in the second quarter, driven by a semiconductor export boom that offset a decline in construction investment, advanced estimates from the Bank of Korea showed on Thursday. Gross domestic product expanded 0.6 per cent in the April-Jun
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Google increases capex forecast again after cloud-driven quarterly beat
July 22 : Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spe
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Texas Instruments forecasts upbeat revenue on analog chip demand
July 22 : Texas Instruments forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that spending on AI infrastructure and a recovery in industrial and automotive markets are boosting demand for analog chips.Tech companies have been investing aggressively in AI, pouring money into data-
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IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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ServiceNow CEO defends the company’s relevancy, touting a kill switch for rogue AI agents
ServiceNow CEO Bill McDermott said the company is becoming increasingly important as businesses deploy more autonomous AI agents.
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Cramer’s lightning round: ‘I am going to steer clear’ of IonQ
“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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Here’s how Jim Cramer says to approach the earnings season’s ‘ball of confusion’
CNBC’s Jim Cramer urged investors not to overreact to earnings season volatility, saying short-term market moves often defy conventional logic.
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Google increases capex forecast again after cloud-driven earnings beat
July 22 : Alphabet on Tuesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spend
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Trading Day: $100 oil looms
ORLANDO, Florida, July 22 : The Nasdaq fell on Wednesday, dragged down by software stocks ahead of some major tech earnings reports, while deepening conflict in the Middle East pushed oil prices sharply higher again and Brent crude closer to the $100 a barrel mark. In my column today, I look at the yen’s sli
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Google beats quarterly revenue expectations off of enterprise AI surge
July 22 : Alphabet topped Wall Street estimates for its second-quarter revenue, buoyed by continued strong demand for its cloud computing services from enterprises worldwide.Revenue at Google Cloud rose 82 per cent to $24.8 billion during the quarter ended June, accelerating from the 63 per cent jump reported
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