Tag: Business
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Lutnick announces investment to boost semiconductor production in North Carolina
Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production.”We’re announcing Sibelco is going to build silicon manufacturing. It’s quartz manufacturing. It is basica
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AI data center projects boost US warehouse demand and rents, real estate company JLL says
LOS ANGELES, Oct 20 : AI data center construction projects, particularly near Dallas/Fort Worth and Washington, DC, are generating new demand for warehouse space and helped send rents higher in the third quarter, real estate services company JLL said on Tuesday.• Companies like Alphabet, Microsoft, Meta an
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Japan September exports rise 16.7% y/y, slower than forecast
TOKYO, Oct 21 : Japanese exports in September rose 16.7 per cent year-on-year, up for a 13th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with a 20.1 per cent increase expected by economists in a Reuters poll.Imports grew 18.9 per cent in September from a ye
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Netflix co-CEO Sarandos says ‘we could do better’ after weak forecast
LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 6 per cent
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Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company
Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be “a good idea” and that they had formed special committees to discuss a union, sending shares of the space and technology company up 4.9 per cent in extended trading.The company earlier posted its first profit…
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BOJ to raise rates to 1.50% in December, sticking to quarterly pace: Reuters poll
TOKYO, Oct 21 : The Bank of Japan will raise interest rates in December to 1.50 per cent, following June and September increases, according to a majority of economists in a Reuters poll, keeping up a quicker pace in a campaign that started with just one rate rise a year.Rising energy and import costs, worsen
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Netflix issues weak fourth-quarter forecast, shares drop
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell more than 5 per cent to $68.69 in after-hours trading.
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Super Micro sees quarterly revenue soaring on AI server boom
Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in after-hours trading. Rivals Dell and HPE gained between 3.5 per cent and
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At least 17 data center campuses proposed on US public lands, group says
Oct 20 : At least 35 data center-related applications covering more than 24,000 acres of US federal land are pending or active across six Western states, according to an analysis by conservation group Center for Western Priorities.• US Bureau of Land Management records show at least 17 proposed data center
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Anthropic logged net loss of over $80 billion in first half of 2026, WSJ reports
Oct 20 : AI startup Anthropic recorded a net loss of more than $80 billion in the first half of this year, including $72 billion in accounting charges, the Wall Street Journal reported on Tuesday, citing a draft initial public offering prospectus.That compares to a net loss of $13 billion during the same peri
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