Tag: per
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Crypto shares climb after Treasury’s doubled buybacks boost risk assets
Aug 20 : Cryptocurrency-related stocks surged on Thursday, a day after the U.S. Treasury Department said it would support more long-duration bonds, boosting risk assets, and as U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets. The Treasury’s move to do
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Dollar hits 3-month low vs euro, pares losses after Treasury move
NEW YORK, Aug 20 : The U.S. dollar fell to a three-month low against the euro on Thursday before paring losses after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest level since 2007.The Treasury said Wednesday it would double the size of its buyback
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Crypto shares climb after Trump advocates for Clarity Act
Aug 20 : Cryptocurrency- and blockchain-related stocks surged on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for digital assets, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advocate who has promised to make t
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Food distributor Sysco adds two board members to advance AI transformation
Aug 20 : Sysco on Thursday said it has appointed two new directors with artificial intelligence and industry expertise, while also strengthening board oversight, as the food distributor pushes ahead with its AI-driven transformation.The move comes as food and restaurant companies increasingly adopt AI tools t
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Dollar at three-month low as Treasury moves to soothe bond jitters
LONDON, Aug 20 : The U.S. dollar was pinned near a three-month low on Thursday after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest since 2007, lifting risk sentiment and undercutting the currency.The dollar index, which measures the dollar against
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Bitcoin, crypto shares climb after Trump pushes Clarity Act
Aug 20 : Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.Trump, a vocal cryptocurrency advoc
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Gains in AI company stakes juice second-quarter earnings for S&P 500
NEW YORK, Aug 20 : S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies.The S&P 500 is on track for a 52 per cent surge in aggregate second-quarter earnings from the year before, helped by a 74 per cent profit jump in the…
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Dollar falls to three-month low as Treasury moves to soothe bond jitters
LONDON, Aug 20 : The U.S. dollar was pinned near a three-month low on Thursday after the Treasury Department moved to calm a bond market selloff that had pushed long-end yields to their highest since 2007, lifting risk sentiment and undercutting the currency. The dollar index, which measures the dollar a
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SK Hynix workers to get 60% of this year’s bonuses in stock rather than all cash
SEOUL, Aug 20 : Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60 per cent of this year’s bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix’s earnings…
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SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says
SEOUL, Aug 20 : South Korean chipmaker SK Hynix has agreed to pay 60 per cent of this year’s employee bonuses in shares and the remaining 40 per cent in cash under a preliminary wage agreement, a person familiar with the matter said.The agreement is being discussed by union delegates, said the person, who was
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