Tag: Business
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Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm’s initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers, who borrow shar
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US agency denies Tesla petition to avoid recall fix over headlight issue
WASHINGTON, July 16 : The National Highway Traffic Safety Administration on Thursday said it was denying a 2024 petition filed by Tesla to avoid a recall fix for nearly 20,000 vehicles with headlights that may exceed maximum lighting levels.Tesla argued the issue was inconsequential to motor vehicle safety an
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IMF says new Bangladesh programme talks ahead, sees growth slowing
DHAKA, July 16 : The International Monetary Fund said on Thursday that its staff team had concluded a visit to Bangladesh at the government’s request and that discussions on the parameters of a new arrangement would take place in the coming months.IMF staff project Bangladesh’s economic growth will moderate t
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Organised crime groups move billions through crypto, global financial crime watchdog warns
PARIS, July 16 : Criminals are taking advantage of gaps in regulation to move billions in illicit proceeds through the crypto industry, the Financial Action Task Force said on Thursday, in its latest review into the role of virtual assets and illicit finance.The report by Paris-based FATF, an intergovernmenta
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Trump Media unveils data feed for businesses tracking Truth Social posts
July 16 : Trump Media & Technology Group on Thursday launched “Truth API”, a data feed that will provide businesses with real-time access to posts from the highest-ranking Truth Social accounts.The API (application programming interface) is aimed at giving organizations that prioritize tracking influential po
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Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm’s initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers aim to sell borrowed shares
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Sen. Warren says Trump’s CFPB overhaul has cost Americans $26.5 billion
Sen. Elizabeth Warren says the Trump administration’s rollback of CFPB rules and enforcement has cost Americans up to $26.5 billion so far.
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Zabka hits record high after report Seven & i nears stake purchase
TOKYO, July 16 : Japanese retail giant Seven & i Holdings is in the final stages of talks to take a stake in Polish convenience store operator Zabka Group, the Nikkei business daily reported on Thursday, sending Zabka’s shares to a new all-time high.Seven & I is considering acquiring Zabka shares held by inve
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Chipmakers chip away at stocks, oil hovers at $85
LONDON, July 16 : European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war propped up oil prices.Stellar results from Taiwanese chip giant TSMC could n
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India’s Wipro lags peers after earnings miss, weak forecast
BENGALURU, July 16 : Wipro missed quarterly earnings estimates and forecast a weak recovery, raising fresh concerns about the Indian IT firm losing ground to rivals as demand in its key Americas market softens.After Thursday’s news, its U.S.-listed shares fell as much as 2.2 per cent in pre-market trading and
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