Tag: Business
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Jim Cramer says one of SpaceX’s biggest risks is this group of investors
CNBC’s Jim Cramer said one of the biggest risks facing the SpaceX IPO is speculators who may rush to sell shares shortly after the stock begins trading.
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Cramer’s lightning round: ‘BlackBerry is good’
“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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Anthropic urges US not to block state AI laws without setting federal standards
WASHINGTON, June 10 : Anthropic called on the U.S. Congress on Wednesday not to block state AI regulations unless lawmakers pass a “rigorous” federal law that addresses “catastrophic AI risks,” according to a company statement, as part of a broader proposal to set rules on the technology.U.S. President Donald
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US charges suspected Russian hacker with facilitating cyber campaign
BOSTON, June 10 : A suspected Russian hacker is now in U.S. custody following his arrest in Thailand last year and has been charged with facilitating a campaign of cyberattacks carried out by a Russia-aligned group that victimized numerous U.S. companies.Denis Obrezko, 36, made his initial appearance in feder
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Jim Cramer says investors have ‘lost their appetite for danger’ as defensive stocks take the lead
CNBC’s Jim Cramer said investors are rotating into defensive sectors, signaling a growing preference for safety over risk.
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Oracle’s AI spending for 2026 exceeds forecast, raising worries over growing debt
June 10 : Oracle’s capital spending for 2026 exceeded its projection and the cloud computing company said on Wednesday it would raise more debt in 2027, reflecting the staggering scale of cash burn needed to buildout its AI infrastructure.Its shares fell 5 per cent in extended trading, after Oracle said it ex
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Oracle awarded US contract to provide government-wide HR software
WASHINGTON, June 10 : President Donald Trump’s administration has awarded Oracle a contract to provide a U.S. government-wide HR platform, according to a statement, making the company a partner in its effort to overhaul federal technology systems. Oracle will provide a cloud-based HR platform to replace the
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Anthropic urges US to require safety tests for most capable AI models
WASHINGTON, June 10 : Anthropic called on the U.S. Congress on Wednesday not to block state laws regulating AI unless it enacts a “rigorous” federal law that addresses “catastrophic AI risks,” according to a company statement.The company also urged Congress to require AI companies to put their most powerful
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Oracle beats fourth-quarter revenue estimates amid AI spending worries
June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 bi
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