Category: News
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Retail sales miss in May indicative of fading consumer momentum
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Investing.com – Analysts from Wells Fargo (NYSE:) noted on Tuesday that weaker-than-expected May data indicated a decline in consumer spending. Retail sales data for May came in slightly lower than expected, rising just 0.1%. Furthermore, there were downward revisions to previous months’ data, implying a weaker spending environment in the…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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Nvidia Agrees to Buy Software Startup Shoreline
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(Bloomberg) — Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said. Most read from Bloomberg The deal was recently closed and values Shoreline at about $100 million, according to the people, who asked…
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Constellation, Vistra, PSEG may grab nuclear data center supply deals, S&P says
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Allkindza/E+ via Getty Images Rising energy prices have created opportunities for nuclear operators to serve nearby data centers, S&P Global Ratings said in an analysis published Tuesday on UtilityDive.com, referring to Constellation Energy.Nasdaq: CEG), Scenery (New York Stock Exchange: FST) and public service Group of institutions (link) as companies Ready…
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Warren Buffett buys oil stock Occidental, signaling Berkshire Hathaway’s bigger strategy
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The Oracle of Omaha has its sights set on the oil industry. Berkshire Hathaway, the holding company run by investment titan Warren Buffett, has increased its stake in Houston-based Occidental Petroleum, purchasing shares over the past nine trading days to bring its holdings to nearly 29% of the company, according…
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Finance Bill: MPs drop ‘punitive’ taxes as Kenyans protest
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The National Assembly Finance Committee bowed to pressure from various stakeholders and dropped a number of controversial provisions in the 2024 Finance Bill, even as Kenyans took to the streets in Nairobi on Tuesday morning to protest the proposed laws. This afternoon, the committee is expected to submit its report…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…
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GlycoProteMim Featured in Stonegate Healthcare’s Latest Anti-Aging Research Report
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 3 minutes…
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Israeli smart city co Zencity raises $40m
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Developer of an Israeli smart city platform for local governments Zencity TLV announced the completion of a $40 million Series C financing round led by StepStone Group, with participation from existing investors TLV Partners. This brings the company’s total raised to $91 million. The company has developed an accessible and…
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Hodler selling and hawkish Fed put pressure on Bitcoin prices By Investing.com
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Investing.com — It came under pressure last week, trading as low as $65,000 on Friday, as on-chain metrics showed Hodlers had been selling bitcoin since early June, according to HC Wainwright. The downtrend includes miner sales, adding to selling pressures amid a hawkish outlook from the Federal Open Market Committee…
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If I Could Only Buy 1 Artificial Intelligence (AI) Stock, This Would Be It
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It’s almost impossible to choose just one artificial intelligence (AI) stock in your portfolio. There are a few companies dedicated entirely to AI, but many have their fingers in AI as well as other areas, so once you have a well-balanced portfolio, you’ll end up owning multiple AI stocks. But…
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Oil price bounce drives global commodity open interest value rebound – JPM
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JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around $9,800 per metric ton. In the future. a fourth. Net…
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Philadelphia UArts shuts, locking out 1,300 students
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Katherine Anderson from Texas traveled to Philadelphia last year to attend a college program she couldn’t find anywhere else, combining music, entrepreneurship and technology. Two weeks ago, she received the amazing news about the university Close Within days. The closure of the University of the Arts left her and 1,300…
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Insurance firms swamped by surge in floods damage claims
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Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
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Chinese House Prices Plunge at Fastest Rate in a Decade
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Chinese property prices fell last month at their fastest rate in a decade, raising concerns about the stability of the world’s second-largest economy. According to the National Bureau of Statistics, new home prices fell by 0.7% month-on-month in May, the largest monthly decline since October 2014. The decline marks the…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Gilat to acquire US co Stellar Blu for $245m
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Israeli company Gilat Satellite Networks Limited (Nasdaq: doctrine; level:doctrine) announced the signing of a definitive agreement to acquire San Diego-based in-flight Internet company Stellar Blu. Gilat will pay $98 million upon closing of the deal and another $147 million subject to commercial and financial milestones. Gilat already provides solutions in…
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Ukraine’s debt woes during wartime By Reuters
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Written by Rodrigo Campos NEW YORK (Reuters) – Ukraine has suffered a setback in its quest to complete the outlines of a debt restructuring before a two-year payment freeze agreed to by private holders of about $20 billion in Eurobonds maturing expires at the end of August. The government announced…
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3 Reasons to Buy Ulta Stock Like There’s No Tomorrow
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Investing is not always rational. It seems logical that you would want to buy a rising stock. This means that it is performing well and that there is reason to be confident in its future potential. Sometimes, that’s the way to go. But if the stock is already showing high…