Tag: fast
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Hedge funds on track for another stellar year on AI boom
NEW YORK, July 28 : Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman Sachs note sent to clients that was seen b
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FIFA mulls stake sale through new $20 billion entity, source says
July 28 : FIFA is planning to sell a significant minority stake in a new commercial entity with a valuation of about $20 billion, a source familiar with the matter told Reuters on Tuesday.World soccer’s governing body is working with bankers at JPMorgan to raise billions of dollars by bringing in external inv
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EBay, former executives to pay $56 million to settle couple’s harassment case
July 28 : EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish
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Apple briefly becomes second company ever to notch $5 trillion market value
July 28 : Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia. Its shares were last up 0.2 per cent at $337.7, giving it a market capitalization of $4.96 trillion. At a session high of $342.89,
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Meta, BlackRock partner on $14 billion El Paso data center venture
July 28 : Meta Platforms and the world’s largest asset manager BlackRock on Tuesday announced a venture to develop and operate a data center campus in El Paso, Texas, a project that would cost about $14 billion in development.The race to build out AI infrastructure has prompted tech giants to turn to debt sal
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Mancini returns as Italy coach with Ranieri as technical director
July 28 : Former Italy manager Roberto Mancini will return for a second spell as national team coach, Italian Football Federation (FIGC) President Giovanni Malago said on Tuesday, while Claudio Ranieri will take over as technical director.Mancini will replace Gennaro Gattuso, who left the post in April follow
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Food technology firm GrubMarket confidentially files for US IPO
July 28 : GrubMarket, a food supply chain and delivery group, has confidentially filed for a U.S. initial public offering, it said on Tuesday.The IPO market has bounced back strongly after a brief lull in March as pent-up demand for new listings and stronger market conditions encouraged more issuers to move
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S&P Global profit jumps, strikes datacenterHawk, Agusto deals
July 28 : S&P Global reported a stronger second-quarter profit on Tuesday, as clients sought its ratings, indices, market intelligence and analytics products amid heightened geopolitical uncertainty.The financial information company also announced deals to buy data center intelligence provider datacenterHawk
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Visa to lay off 7% of staff as efficiency push deepens
July 28 : Visa plans to cut 7 per cent of its workforce, or about 2,600 jobs, a company spokesperson said on Tuesday, about six months after a similar step by its closest peer as the payments processor seeks to become more efficient. The job cuts will primarily affect technology and product teams. “To
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Kenyan footprints shed light on prehistoric human cousin Paranthropus
July 28 : Footprints left on a muddy lakeshore in northern Kenya around 1.43 million years ago are providing new insight into the size and behavior of a species in the human evolutionary lineage that was the last of its kind, known for extensive anatomical adaptations for eating tough vegetation.The species,
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