Tag: markets
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Oracle sheds 21,000 roles over the past year amid wave of AI layoffs from tech giants
“The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said.
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U.S. fights with Brazil for China’s giant soybean market
The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil’s crop, as American farmers attempt to win back business from the world’s largest importer
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SpaceX sheds $600 billion in three days and turns to the bond market
SpaceX shares have fallen for a third straight session, sinking to their lowest level since the firm’s market debut and wiping out most of the spectacular gains made after its IPO, just as it launches its first-ever bond sale.
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Apollo curbs withdrawals after exit requests hit 17%, reigniting fears over private credit liquidity
Apollo is capping investor redemptions in its main retail-focused private credit fund after exit requests hit 17%.
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CNBC Daily Open: Tech-tonic shift or buying opportunity?
Wall Street returns to trading with a big-cap technology sell-off, triggering broader declines across global markets.
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China’s 618 shopping festival growth slows sharply as consumer spending malaise persists
The latest consumer data reinforce how consumption in China remains subdued.
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Japan’s Katayama held talks with US Treasury’s Bessent on financial markets
TOKYO, June 23 : Japan’s finance minister Satsuki Katayama said on Tuesday she held an online meeting with U.S. Treasury Secretary Scott Bessent a day earlier to discuss global financial markets, as concerns mount over sharp currency swings.”We discussed the situation surrounding global financial markets, inc
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CNBC Daily Open: U.S. waives Iran sanctions; rotation out of megacap techs
There was a rotation out of big tech that weighed on the S&P and Nasdaq, offsetting news of the U.S. waiving Iran oil sanctions for 60 days.
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Stock futures are little changed after tech sell-off drags down S&P 500: Live updates
Tech giants tumbled in Monday’s regular trading, pulling the S&P 500 and Nasdaq Composite to losses in the session.
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Amazon Prime Day arrives earlier this year. Here’s why Wall Street is watching closely
This year could see a major drive to everyday essentials, a growing category for the e-commerce giant’s annual shopping event.
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