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Zuckerberg shares AI 'personal superintelligence' vision after spending billions on top talent
Mark Zuckerberg’s letter provides investors with insight into Meta’s AI direction following substantial investments in expert talent, highlighting the company’s strategic focus ami...
Read Full Article →Bessent says 'not to panic' over tariff rate surges on Aug. 1
The upcoming increase in tariff rates on August 1 is expected to impact trade costs and market stability, prompting concerns among investors and businesses despite official attempt...
Read Full Article →U.S. sanctions Brazilian judge targeted by Trump over Bolsonaro case
The U.S. imposed restrictions on a Brazilian judge involved in the Bolsonaro case shortly before announcing planned 50% tariffs on Brazilian imports, potentially affecting bilatera...
Read Full Article →We're upgrading our rating on Palo Alto as shares tumble on its $25 billion CyberArk acquisition
Despite a sharp decline in share prices due to concerns over the $25 billion CyberArk purchase, analysts see potential long-term value that could enhance Palo Alto's financial perf...
Read Full Article →Trump announces 25% tariff on India plus 'penalty' for trade with Russia
The newly introduced 25% tariff on imports from India represents a slight decrease from the previous rate, potentially impacting trade dynamics and economic relations between the c...
Read Full Article →Apartment rents drop in July as vacancies move to multiyear high
The increase in available apartments has led to higher vacancy rates, resulting in a decline in rental prices compared to the previous year.
Read Full Article →Palo Alto Networks stock falls after announcing $25 billion CyberArk deal
The agreement for Palo Alto Networks to acquire CyberArk in a transaction worth $25 billion reflects a major investment aimed at expanding its cybersecurity portfolio and market pr...
Read Full Article →Private company hiring bounced back with a 104,000 increase in July, ADP says
Employment in privately held firms increased by 104,000 positions in July, recovering from a decline experienced in June, indicating a positive shift in job market activity for the...
Read Full Article →Robinhood's 175% rally this year is best among U.S. tech stocks
Robinhood’s substantial stock price increase this year has significantly boosted its market valuation, positioning the company favorably ahead of its upcoming earnings report.
Read Full Article →DOJ drops charges against Fat Brands, chair Andy Wiederhorn
The dismissal of legal claims against Fat Brands and its chairman potentially allows the company to focus on business operations without the financial uncertainties associated with...
Read Full Article →Meta slated to reported second-quarter earnings after the bell
Meta's upcoming second-quarter financial results, scheduled for release after market hours, are anticipated to provide insights into the company's recent performance and potential...
Read Full Article →Microsoft set to report earnings after the close
The upcoming earnings report from Microsoft is expected to provide important insights into its investment strategies and expansion within the cloud services market, potentially imp...
Read Full Article →Ford Motor is set to report earnings after the bell. Here's what Wall Street expects
Ford Motor's upcoming earnings report is anticipated to reveal key financial metrics, including adjusted profit per share and substantial revenue generated from its automotive divi...
Read Full Article →10-year Treasury yield rises on strong GDP report ahead of Fed decision
The increase in long-term government bond returns reflects market reactions to robust economic growth indicators, influencing expectations for potential changes in monetary policy...
Read Full Article →U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump's tariffs hit
The U.S. economy expanded more rapidly than anticipated in the second quarter, with output increasing by 3% despite the potential negative impacts of trade restrictions.
Read Full Article →At 10 years old, Ethereum's future is brighter than ever despite recent setbacks
Despite facing challenges in recent years, Ethereum remains a significant player in the blockchain industry, with ongoing developments and growing adoption suggesting strong financ...
Read Full Article →Healthy Returns: AstraZeneca CEO proposes some U.S. drug price cuts amid Trump pressure
AstraZeneca’s leadership suggested lowering prices on certain medications in the U.S., aiming to address market challenges and regulatory pressures affecting the company’s revenue...
Read Full Article →iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
Foxconn's investment in TECO and commitment to global data center development, including in the U.S., marks a strategic move into the rapidly expanding AI infrastructure sector val...
Read Full Article →The income it takes to be in the top 1% of earners in every U.S. state—it's over $700,000 on average
The average earnings required to qualify for the top 1% in the U.S. have decreased compared to last year, indicating a slowing economy and reduced inflationary pressures.
Read Full Article →Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of milli...
Numerous firms across various sectors are facing substantial financial challenges due to increased import duties, prompting them to reassess their strategies amid shifting internat...
Read Full Article →Apple is facing pressure from Wall Street to figure out its AI strategy
Investors are closely monitoring Apple's approach to artificial intelligence, concerned about the potential impact on the company's revenue and market position if a clear strategy...
Read Full Article →Here's how companies like Kohl's and Krispy Kreme got caught in the meme stock frenzy
Several companies experienced notable stock price increases as investors capitalized on low valuations and high short interest, leading to significant market activity and financial...
Read Full Article →Mortgage demand drops to lowest level since May, as interest rates stall
The decline in home loan applications to a multi-month low reflects caution among borrowers, influenced by economic uncertainty despite stable borrowing costs.
Read Full Article →HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectation...
HSBC's decision to repurchase shares worth $3 billion reflects an effort to enhance shareholder value amid declining quarterly profits and ongoing global economic instability chara...
Read Full Article →UBS posts net profit beat as market volatility boosts trading
UBS reported higher-than-expected earnings driven by increased trading activity amid market fluctuations, supported by significant growth in assets managed by its international wea...
Read Full Article →CNBC's UK Exchange newsletter: Strong Footsie, strong UK? Not necessarily
The FTSE-100's recent highs highlight investor confidence, yet this upward trend may not accurately reflect the overall economic conditions or profitability of British companies.
Read Full Article →Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
Singapore's decision to maintain current monetary settings reflects concerns about economic growth slowing in the latter half of the year, amid ongoing uncertainty over U.S. tariff...
Read Full Article →Australia's second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
The unexpected decline in Australia's inflation rate to near the Reserve Bank's target range may influence future monetary policy decisions, potentially leading to adjustments in i...
Read Full Article →Jim Cramer explains why he's hesitant to recommend Figma when shares start trading
Jim Cramer expressed caution about endorsing Figma as it prepares to enter the stock market, highlighting potential risks investors should consider before the company begins public...
Read Full Article →Starbucks same-store sales fall again, but CEO Niccol says turnaround is ahead of schedule
Despite ongoing declines in comparable store sales, Starbucks’ stock has experienced modest growth this year, reflecting investor confidence in the company’s market position and an...
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