Tag: Business
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Jim Cramer says buy the dip in this household name — and in another newly public stock
CNBC’s Jim Cramer said recent declines in FedEx and FedEx Freight have created buying opportunities.
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Michael Burry buys Flutter, DraftKings shares betting prediction-market threat will fade
July 8 : Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has bought shares of sports-betting platforms Flutter Entertainment and DraftKings, wagering regulatory scrutiny will eventually curb the threat posed by prediction markets.Burry said on Wednesd
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Oil rises more than a dollar per barrel as US launches fresh strikes against Iran
NEW YORK, July 8 : Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military began launching fresh strikes on Iran.Both crude benchmarks had settled at their highest in over two weeks after U.S. President Donald Trump threatened fresh strikes against Iran as soo
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Jim Cramer sees a big risk to the bull market resurfacing — and it’s not the Iran war
CNBC’s Jim Cramer said the growing wave of stock offerings and debt issuance is the next big threat to the bull market.
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LatAm assets slide after Trump says Iran deal ‘over’
July 8 : Latin American assets fell on Wednesday after U.S. President Donald Trump said the interim accord to end the war against Iran was over, sending oil prices higher and denting global risk sentiment.Trump also said that the U.S. was likely to launch more strikes on Wednesday night and take over Iran’s K
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Companies must address self-driving car interference with emergency vehicles, US says
WASHINGTON, July 8 : The head of the U.S. National Highway Traffic Safety Administration said Wednesday that self-driving car companies must quickly address a “clear pattern” of driverless vehicles interfering with law enforcement and other first responders.Jonathan Morrison, who heads the U.S. vehicle regula
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US judge approves Elon Musk settlement with SEC despite misgivings, ‘red flags’
July 8 : A federal judge on Wednesday approved the U.S. Securities and Exchange Commission’s settlement with Elon Musk over his purchase of Twitter shares, despite expressing “significant misgivings” about the accord and the “red flags” it raised.U.S. District Judge Sparkle Sooknanan in Washington, D.C., said
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SpaceXAI launches Grok 4.5 model for coding, agentic tasks
July 8 : SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company’s most intelligent offering to date designed for coding and agentic tasks. Here are some details:• SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus
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Oil hits multi-week high, Wall Street slips as Iran tensions reignite
WASHINGTON, July 8 : Stocks were mostly lower and oil prices rose on Wednesday after U.S. President Donald Trump said the interim peace deal with Iran was “over” and the U.S. announced fresh military strikes.Oil prices settled nearly 5 per cent higher as tensions reignited in the Middle East and worries mount
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Honeywell Technologies raises profit guidance after one-for-two reverse stock split
July 8 : Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace, late las
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