Tag: cent
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Wall St says Tesla-SpaceX deal inevitable but Musk says it’s not certain
Oct 21 : Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs through a deal that many analysts call inevitable. Musk, a…
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Super Micro climbs after upbeat forecast shows robust AI demand
Oct 21 : Super Micro Computer jumped nearly 13 per cent on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.7 per cent to $36.69 in premarket trading. He
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BOJ to raise rates to 1.50% in December, sticking to quarterly pace: Reuters poll
TOKYO, Oct 21 : The Bank of Japan will raise interest rates in December to 1.50 per cent, following June and September increases, according to a majority of economists in a Reuters poll, keeping up a quicker pace in a campaign that started with just one rate rise a year.Rising energy and import costs, worsen
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Dow outperforms as Wall Street rises, healthcare stocks lead gains
NEW YORK: The Dow rose 1 per cent on Tuesday (Oct 20), outperforming the benchmark S&P 500 while the healthcare sector provided Wall Street’s biggest boost and technology was its biggest drag.Healthcare .SPXHC led gains among the S&P 500’s 11 major sector indexes, h
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Super Micro sees quarterly revenue soaring on AI server boom
Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in after-hours trading. Rivals Dell and HPE gained between 3.5 per cent and
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Dollar dips as traders weigh Iran, AI risks
NEW YORK, Oct 20 : The US dollar slipped on Tuesday in line with falling oil prices and longer-dated Treasury yields as traders evaluated the impact of rising tensions in the US war with Iran and the durability of strong capital inflows into US AI companies.Oil prices slipped after touching a five-month high
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Wall Street gains as healthcare stocks rally, oil prices fall
NEW YORK: Wall Street’s main indexes climbed on Tuesday (Oct 20) as healthcare stocks hit a record high and easing oil prices boosted investor sentiment, while markets continued to stabilise following last week’s technology-led selloff.Brent crude was trading 1.3 pe
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Dollar dips on AI worries, euro edges up despite French unrest
NEW YORK, Oct 20 : The US dollar slipped on Tuesday as doubts over the AI trade resurfaced, while the euro edged up despite traders’ lingering worries about unrest in France.Shares in South Korean AI services firm Elice Group plunged 32 per cent in their Seoul market debut, a sign that negative sentiment towa
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Shares down again as oil stays high; AI earnings in focus
Oct 20 : European shares fell and US stocks were set for a lower opening on Tuesday as another rise in crude oil prices kept risk sentiment in check, while investors homed in on results from AI bellwether companies later this week. The pan-European STOXX 600 slid 0.7 per cent after dropping close to 1…
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Euro steadies as French protests ease; pound and yen firm
LONDON, Oct 20 : The euro steadied on Tuesday as unrest in France eased overnight, though higher bond yields capped gains, and the pound rose after British jobs data showed signs of a recovery in the labour market.The yen also jumped, snapping a two-day decline, after an auction of longer-dated Japanese bonds
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