Tag: cent
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AI-centered US stock bull market nears four-year anniversary
NEW YORK, Oct 9 : The US bull market is going strong as it nears its four-year anniversary, driven by an AI spending engine that is propelling corporate profits and economic growth.The S&P 500 is trading around record-high levels ahead of October 12, which will mark four years since the benchmark stock index
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Shares slip as oil spikes and bond bashing rumbles on
BOSTON/LONDON/SYDNEY, Oct 8 : Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.Wall Street got off to a bumpy start, with the S&P 5
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Dollar dips as European yields pull back from highs
NEW YORK, Oct 8 : The dollar declined on Thursday as a rise in euro zone bond yields cooled, while expectations for the path of interest rates from the Federal Reserve this year remained largely intact.Euro zone government bond yields rose sharply again as a surge in oil prices intensified inflation concerns,
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Asia races to stockpile oil, speed up renewables in response to Iran war
MANILA, Oct 8 : Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the Iran war.Southeast Asia has been worst hit by the energy impact as 80 per cent of the oil transported through the Strait of…
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Shares slip as bond bashing rumbles on
LONDON/SYDNEY, Oct 8 : Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.Wall Street looked set for a bumpy start as the US 10-year
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PepsiCo slashes forecast, deepens cost cuts as N.America recovery drags
Oct 8 : PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages. Faced with high input costs, inflation hit to demand and the growing threat o
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Amazon launches first Android tablets, raising prices and incorporating Alexa
SAN FRANCISCO, Oct 8 : Amazon on Thursday unveiled a slate of higher-end tablets that for the first time feature its Alexa+ voice assistant and run on Google’s Android operating system, a bet that consumers will pay more for premium devices after years of focusing on the budget end of the market.Seattle-based
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Dollar creeps towards 18-month high, euro lags as bond yields rise again
LONDON, Oct 8 : The dollar rose towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro.The global bond sell
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PepsiCo cuts forecast, deepens cost cuts as N.America recovery drags
Oct 8 : PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages. Faced with high input costs, inflation hit to demand and the growing threat o
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PepsiCo to cut costs as weak N.America business hurts core profit forecast
Oct 8 : PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.This highlights a broader challenge in the packaged food industry, wher
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