Tag: Business
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CrowdStrike CEO says AI security fears will become a bigger tailwind in coming quarters
CrowdStrike CEO George Kurtz said it was too early for concerns surrounding Anthropic’s Mythos to meaningfully impact first-quarter results.
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Oil drops, stocks mostly higher despite AI concerns
NEW YORK: Oil prices and the dollar retreated Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom
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Exclusive-SpaceX tells banks it won’t move its $135-a-share IPO price
NEW YORK, June 4 : SpaceX told banks in its $75 billion initial public offering that it is set on the $135-a-share price that the firm disclosed on Wednesday in its amended IPO filing, sources told Reuters.The company’s decision is the latest sign that Elon Musk is intent on holding the largest ever initial
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Jim Cramer says Thursday’s rally shows investors’ ‘huge appetite’ for stocks
CNBC’s Jim Cramer said Thursday’s rally showed investors remain resilient and eager to buy stocks.
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US House lawmakers release draft bill to prohibit state AI rules
WASHINGTON, June 4 : A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, released by
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Lululemon cuts annual outlook, citing ‘negative’ media commentary and disappointing product launches
Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.
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Honeywell’s Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut
June 4 : Shares of Quantinuum rose 13.3 per cent in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell’s quantum computing company became the latest to benefit from robust investor demand.The stock opened at $68, compared with its IPO price of $60. Breakthroughs in the fast-growing
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Fed’s Daly says AI is not for now driving inflation up or down
June 4 : San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is “not a pressing issue” for monetary policy which operates on a 12-month horizon. Daly, at a Bloomberg Tech event in San Francisco,
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FIFA unveils Netflix World Cup game timed for 2026 tournament kickoff
June 4 : FIFA will release a new football video game, FIFA World Cup: Launch Edition, on Netflix Games on June 11, timed to coincide with the start of the 2026 World Cup, the soccer governing body said on Thursday.The title will be available exclusively to Netflix subscribers at no additional cost, as world s
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Are German businesses returning to Russia’s SPIEF meeting?
Russian officials and media claim German businesses are comming back to the St. Petersburg Economic Forum despite the war in Ukraine. But who is actually attending Russia’s flagship event this year?
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