Tag: per
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Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business.Shares of the San Diego, California-based company were down more than 3 per cent in
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Microsoft tops quarterly cloud growth estimates, easing spending concerns
July 29 : Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity constraints ease and more businesses adopt the technology.Revenue at the company’s Azure cloud-computing business rose 43 per cent in it
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Dollar slips as Fed holds rates steady
NEW YORK, July 29 : The U.S. dollar fell across the board on Wednesday after the Federal Reserve held interest rates steady, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expec
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Domenicali hails Antonelli as F1 trumpets record crowds
LONDON, July 29 : Formula One boss Stefano Domenicali heaped praise on teenager Kimi Antonelli on Wednesday as the sport gave itself a glowing half-term report, with sold-out races and booming viewing figures in key markets.Liberty Media-owned Formula One said all 11 races this year had been sold out and six
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Dollar eases as markets await Fed decision
NEW YORK, July 29 : The U.S. dollar edged down on Wednesday but stuck to familiar ranges against major currencies as investors awaited a Federal Reserve interest-rate decision, with some analysts warning that an interest-rate hike cannot be ruled out.Hostilities in the Middle East flared anew, sending oil pri
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SoFi’s unchanged profit forecast tempers record quarter, revenue outlook lift
July 29 : SoFi’s unchanged 2026 profit outlook on Wednesday overshadowed a raise in the fintech’s revenue growth forecast that topped Wall Street expectations and a market-beating second quarter, sending its shares down 9 per cent in early trading.Investors have grown less willing to reward growth alone, and
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Dollar firms near one-month highs ahead of Fed decision
July 29 : The U.S. dollar edged up on Wednesday and firmed near one-month highs, as investors awaited a Federal Reserve interest-rate decision, in which some analysts expect a surprise hike.Hostilities in the Middle East flared anew, sending oil prices higher, after joint strikes by U.S. and Saudi Arabia on I
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Gold ticks higher as markets brace for Fed decision
July 29 : Gold prices edged up on Wednesday, supported by some technical buying, as investors hunkered down for the Federal Reserve’s interest rate decision later today.Spot gold gained 0.22 per cent to $4,036.09 per ounce by 0908 GMT , while U.S gold futures for August delivery were steady at $4,037.3.
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Microsoft set for $190 billion market value swing after earnings results, options indicate
NEW YORK, July 29 : Options traders expect a roughly $190 billion swing in Microsoft’s market value after it reports earnings on Wednesday, an unusually large move that underscores investors’ growing eagerness to see if billions of dollars in AI spending are beginning to pay off.The tech company’s options imp
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Apple set for strongest June-quarter sales growth in 5 years
July 29 : Apple’s decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase.The consumer electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from
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