Tag: Business
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Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
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Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, Bloomberg News reported on Tuesday, in the company’s latest push to fund its hefty AI investments. The size of the offering could increase depending on investor demand, the report said, citing people familiar with th
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Rivian stock falls 10% as company sells 75 million shares to raise capital
The capital raise occurred during extended hours trading following Rivian shares increasing 8.1% on Monday after increasing 19.2% last week.
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Trump Accounts, the Dow’s latest record, Microsoft layoffs and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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Chinese lidar maker with Nvidia ties accused of being cyber risk for U.S.
Hesai Technology was blacklisted as a national security threat in 2024 by the U.S. Department of Defense, which designated Hesai as a Chinese military entity.
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BlackRock to launch Nasdaq-100 ETF, challenging Invesco’s dominance as AI rally boosts demand
July 7 : BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it seeks to tap surging investor demand for exposure to the AI-driven stock market rally.The iShares Nasdaq 100 ETF, offered by the world’s largest asset manager, will track the flagsh
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Stocks making the biggest moves premarket: Fiserv, Crinetics Pharmaceuticals, Micron & more
These are the stocks posting the largest moves in early trading.
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Oil gains after vessel attacks near Strait of Hormuz
July 7 : Oil prices rose on Tuesday as reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Brent crude futures gained 89 cents, or 1.24 per cent, to $72.88 a barrel, while U.S. West Texas Intermediate crude rose 71 cents, o
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Bank of England sees growing risks to financial stability from AI
LONDON, July 7 : The Bank of England said on Tuesday that artificial intelligence poses a growing threat to financial stability, as investors bet heavily it will prove a success while the technology increases banks’ vulnerability to cyberattacks.In a half-yearly assessment of risks to Britain’s financial syst
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Japan’s ban on jet fuel exports to Russia includes indirect shipments
TOKYO, July 7 : Japan’s ban on jet fuel exports to Russia includes shipments via third countries or transferred at sea, Japanese Trade Minister Ryosei Akazawa said on Tuesday.Reuters reported on Friday that Russia is poised to import a jet fuel cargo originating from Japan via traders, as Ukrainian attacks on
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