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Wall St sees Tesla-SpaceX merger as inevitable, but split on price
Oct 21 : A Tesla-SpaceX merger appears to be a matter of when, not if, to many on Wall Street. But they disagree on a key factor: how much Tesla shareholders should be paid.That tension runs through a deal where predictions on the premium Tesla shareholders would get to swap into a stock of SpaceX…
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Wall St says Tesla-SpaceX deal inevitable but Musk says it’s not certain
Oct 21 : Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs through a deal that many analysts call inevitable. Musk, a…
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Super Micro climbs after upbeat forecast shows robust AI demand
Oct 21 : Super Micro Computer jumped nearly 13 per cent on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.7 per cent to $36.69 in premarket trading. He
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Oil rises on Middle East supply worries
BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude
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Netflix co-CEO Sarandos says ‘we could do better’ after weak forecast
LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 6 per cent
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BOJ to raise rates to 1.50% in December, sticking to quarterly pace: Reuters poll
TOKYO, Oct 21 : The Bank of Japan will raise interest rates in December to 1.50 per cent, following June and September increases, according to a majority of economists in a Reuters poll, keeping up a quicker pace in a campaign that started with just one rate rise a year.Rising energy and import costs, worsen
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Dow outperforms as Wall Street rises, healthcare stocks lead gains
NEW YORK: The Dow rose 1 per cent on Tuesday (Oct 20), outperforming the benchmark S&P 500 while the healthcare sector provided Wall Street’s biggest boost and technology was its biggest drag.Healthcare .SPXHC led gains among the S&P 500’s 11 major sector indexes, h
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Super Micro sees quarterly revenue soaring on AI server boom
Oct 20 : Super Micro Computer said on Tuesday it expects quarterly revenue and profit margin well above Wall Street estimates as the server maker benefits from relentless AI data center demand, sending its shares 11.3 per cent higher in after-hours trading. Rivals Dell and HPE gained between 3.5 per cent and
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Netflix issues weak fourth-quarter forecast as company seeks to kick-start growth
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 7 per cent to $63.99 in after-hours trading. The sto
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Dollar dips as traders weigh Iran, AI risks
NEW YORK, Oct 20 : The US dollar slipped on Tuesday in line with falling oil prices and longer-dated Treasury yields as traders evaluated the impact of rising tensions in the US war with Iran and the durability of strong capital inflows into US AI companies.Oil prices slipped after touching a five-month high
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