Tag: Business
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South Korean chip stocks slide after overnight US selloff on AI boom concerns
SEOUL, July 8 : Shares of South Korean memory chipmakers Samsung Electronics and SK Hynix fell as much as 4.4 per cent and 5 per cent, respectively, in early morning trade on Wednesday, tracking a broad selloff in U.S. semiconductor stocks after investors grew increasingly concerned about the sustainability of the A
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Japan considering tweaking blueprint language on BOJ, Nikkei reports
TOKYO, July 8 : Japan’s government is considering tweaking language on monetary policy in its economic blueprint, the Nikkei newspaper reported on Wednesday.In a draft economic blueprint released last month, the government called on the Bank of Japan to align monetary policy with government efforts to boost g
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Amazon aims to raise $25 billion from bond sale
July 7 : Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company’s latest push to fund its hefty AI investments.Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including A
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US oil prices jump after US military launches strikes against Iran
TOKYO, July 8 : U.S. oil prices jumped nearly 3 per cent in early trade on Wednesday, extending the previous session’s gains, after the U.S. military launched a series of strikes against Iran, heightening concerns that a fragile truce was faltering.The strikes against Iran were in response to Iranian attacks
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Japan asset managers pursue global investor mandates as yen bond demand grows
TOKYO, July 8 : Japanese asset managers, including the units of Mizuho and Nomura, are rushing to launch bond funds to meet soaring interest in Japanese debt as higher interest rates mean attractive yields for the first time in decades.The market is deepening as more Japanese firms issue bonds as a source of
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Telstra outage disrupts Australian train services, taxi payments
July 8 : An outage hit services of Australia’s biggest telecommunications company Telstra on Wednesday, disrupting taxi payment systems and some train services, with the government saying the issue affected “a large number of mobile calls and connections.”Train services connecting Melbourne, Australia’s secon
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Cramer’s lightning round: Sell Wendy’s
“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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Jim Cramer sees a buying opportunity in this retail giant down nearly 18% from its high
CNBC’s Jim Cramer said Walmart’s roughly 18% pullback since its mid-May peak has created a buying opportunity.
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Jim Cramer says the market’s reaction to Samsung may signal a shift in AI leadership
CNBC’s Jim Cramer said Samsung’s earnings sparked a sell-off in AI hardware stocks, while many tech names that have lagged this year rebounded.
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SpaceXAI plans to launch new model with Cursor as soon as Wednesday, The Information reports
July 7 : SpaceXAI and Cursor plan to launch their first jointly developed AI model as soon as Wednesday, The Information reported, citing a memo sent to staff.The companies pushed back plans to launch the new model earlier this week in order to improve its efficiency, according to the report published on Tue
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