Category: Markets
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Gritstone bio details progress in cancer vaccine trials By Investing.com
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Gritstone bio (GRTS) has unveiled promising preliminary data from its GRANITE personalized cancer vaccine program during its First Quarter 2024 Earnings Call. The clinical updates showed a positive trend in progression-free survival (PFS) for colorectal cancer patients, with particularly encouraging results in high-risk individuals. The company’s financial position was also…
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Enter the Wasteland: Survive & Thrive in a Post-Apocalyptic Playground with DECIMATED
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With the dawn of the digital dawn of gaming, the visionary minds behind DECIMATED are thrilled to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a new online third-person PvP and PvE gaming experience, invites players on an unprecedented journey across vast dystopian landscapes.…
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Apple in advanced talks with OpenAI to use ChatGPT technology on iPhone By Investing.com
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Apple (NASDAQ:) is nearing an agreement with OpenAI to integrate the startup’s AI technology into the iPhone, Bloomberg News reported. This move is part of Apple’s broader initiative to enhance its devices with artificial intelligence capabilities. Technology from OpenAI, including chatbot features GPT, is expected to be integrated into iOS…
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Binance, KuCoin Cleared by India’s Anti-Money Laundering Regulator
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India’s Financial Intelligence Unit (FIU) has registered Binance and KuCoin, months after banning the cryptocurrency exchanges from operating illegally, Coindesk reported. While KuCoin paid a $41,000 fine and resumed operations, Binance is awaiting a penal decision after a hearing with the Financial Intelligence Unit. Enhance credibility Vivek Agarwal, head of…
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SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters
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(This May 10 story has been corrected to determine this arm is a subsidiary, but not a wholly-owned subsidiary, of SoftBank (TYO:) Group, per paragraph 3) Written by Anton Bridge TOKYO (Reuters) – Japanese technology investment group SoftBank Group is expected to dip back into the red when it reports…
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Wells Fargo Unveils Signify Business Cash Mastercard for Businesses
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Wells Fargo & Company (NYSE: WFC) has unveiled its latest offering for business owners, the Signify Business Cash World Elite Mastercard, designed to address needs in the cash rewards business credit card market. This new card aims to provide business owners with direct rewards and tangible value. New Business Card:…
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Gen reports robust FY2024 results, bullish on cyber safety By Investing.com
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In a recent earnings call, Gen Digital Inc (GEN) discussed its financial performance for the fourth quarter and the full fiscal year of 2024. CEO Vincent Pilette and CFO Natalie Derse detailed the company’s strong operating results, significant growth in revenue, and strategic achievements. Pilette emphasized the escalating cyber risks…
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The Contradiction at the Heart of America’s Commercial Card Empire
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The global commercial card market is dominated by the United States, a behemoth that processes a staggering 58% of all transactions in 2023. However, this dominance hides a troubling undercurrent: The United States also leads the world in commercial card fraud, Massive bleeding amounting to 78% of global losses. This…
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China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
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For y/y data: CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basis Expected +0.2%, Previous +0.1% Producer Price Index -2.5% The economy remains in a deep contraction, as it has…
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US to hold auctions to sell airline warrants received during COVID bailouts By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it plans to hold a series of auctions to sell stock warrants in U.S. airlines it received after Congress approved $54 billion in aid for air carriers in 2020 and 2021 due to the coronavirus. Of…
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The Curious Case of Chile and the Central Bank Digital Currency
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In the ever-shifting sands of global finance, a strange development has emerged from the South American nation of Chile. Banco Central de Chile, the country’s central bank, Recently published a report on central bank digital currencies – an emerging technology that has the potential to reshape the way money flows.…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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Cuba accuses online news site of US-backed plot to sabotage economy By Reuters
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HAVANA (Reuters) – The Cuban government and independent news site El Toque traded blows this week after state-run media accused the site of manipulating the black market currency exchange rate to impoverish Cubans and spark unrest on the Caribbean island. El Toque (eltoque.com) has angered the administration of Cuban President…
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Forexlive Americas FX news wrap 10 May: Markets react to lower sentiment/higher inflation
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The US session was further influenced by preliminary consumer confidence data released by the University of Michigan which showed a sharp drop in the confidence index to 67.4 from 76.0. Expectations also fell sharply to 66.5 from 75.0, and current conditions also fell to 68.8 from 79.0. The data was…
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US Postal Service wants 25% price hike for high-volume package shipping By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service said on Friday it is seeking an average 25% price increase for high-volume shippers to enter packages for regional delivery through its Parcel Select service. The price hike, which will take effect on July 14 and must be approved…
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US DOJ Selects Forensic Risk Alliance to Monitor Binance Compliance: Report
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trading industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Zimbabwe to fine businesses not using official new exchange rate By Reuters
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HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…
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BOE Held Rates at 5.25% in 7-2 MPC Vote, Bailey Hints at “More Substantial” Future Cuts
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in its May decision. The official statement indicated that: Underlying inflationary pressures in the euro area have continued to moderate somewhat since the beginning of the year UK demand growth is expected to remain weaker than potential…
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Goolsbee and Kashkari: In a wait-and-see mode.
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Minneapolis Fed President. Kashkari: He is cautious about how restrictive monetary policy is The business community does not believe that financial conditions are tight. I’m in wait and see mode An increase in interest rates cannot be ruled out We have seen gains on the supply side of the economy…
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After layoffs, Musk says Tesla to spend $500 million on charging network By Reuters
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(Reuters) – Tesla CEO Elon Musk said on Friday that the company will spend more than $500 million this year to expand its fast charging network, days after the employees who were running the company were abruptly laid off. “Just to reiterate: Tesla (NASDAQ:) will spend more than $500 million…