Tag: fast
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AI-related companies to drive most third-quarter US earnings gains
NEW YORK, Oct 9 : US companies are likely to deliver another earnings surge for the third quarter, and like the rally in the stock market, AI-related players are fueling most of those gains.While investors are enthusiastic about the hyper earnings growth fueled by AI companies, many are also worried about how
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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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Money market funds attract massive inflows as bond selloff bit
Oct 9 : Global money market funds drew strong inflows in the week ended October 7 as a global bond selloff, concerns over government debt levels in parts of Europe and lingering inflation fears pushed investors toward safer assets.Investors bought global money market funds of a net $153.81 billion during the
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Wembanyama to French students: I hear you
PARIS, Oct 9 : France’s basketball star Victor Wembanyama voiced his support on Thursday for French teenagers protesting over conditions in the country’s schools.The Interior Ministry said 71,500 people took part in Thursday’s demonstrations, including 24,500 in the main Paris march centred on Place de la Bas
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India aims to put on ‘best-ever’ world championships as Olympic ambitions take shape
BENGALURU, Oct 9 : The Cycling Federation of India is boldly promising the “best-ever” Road World Championships when Pune hosts the 2032 edition, hoping it can cement the country’s emergence as a destination for world-class sport and boost its 2036 Olympics bid.Having successfully conducted the first multi-st
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Oil eases, bringing some respite to stocks and battered bonds
LONDON, Oct 9 : World stocks edged up on Friday and oil prices slipped after US President Donald Trump said the US would not attack Iran before next month’s midterm elections, easing some near-term concerns about energy supplies. Investors remained cautious, however, as they weighed another wave of fundrai
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Everton owners open to sale of controlling stake
Oct 9 : Everton’s owners, The Friedkin Group (TFG), are open to selling a controlling stake in the club as part of efforts to attract fresh investment, the Premier League club said on Friday.The announcement comes less than two years after the US-based group acquired Everton from former owner Farhad Moshiri
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7-Eleven’s US arm looks to move supply chain in-house as inflation bites
TOKYO, Oct 9 : 7-Eleven Inc, the North American arm of 7-Eleven convenience stores and gas stations, is considering moving parts of its supply chain in-house in a bid to cut costs as stubborn inflation dampens US consumer demand, its chief executive said on Friday.The company, owned by Japan’s Seven & i Hol
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South African Navi Pillay wins 2026 Nobel Peace Prize
“This year’s laureate has been instrumental in ensuring that war crimes, crimes against humanity, and genocide are prosecuted,” said the Norwegian Nobel Committee.
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SK’s Chey vows to build Gwangju chip plants as fast as possible, no start date set
SEOUL, Oct 9 : SK Group Chairman Chey Tae-won said on Friday that chipmaker SK Hynix plans to build plants in southwestern South Korea as fast as possible, betting on robust demand growth, while declining to say when construction will begin. “We estimate demand will keep growing at a considerably fast pace,”
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