Category: News
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Dell beats first-quarter revenue estimates as AI boom bolster server demand
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(Reuters) – Dell Technologies beat Wall Street estimates for first-quarter revenue on Thursday, snapping a six-quarter streak of declines, thanks to surging demand for its artificial intelligence-powered servers. The surge in demand for high-performance computing and large-scale data centers to support the growing adoption of generative AI has spurred investments…
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UnitedHealth cybersecurity breach deserves federal probe – Sen. Wyden
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Da cook Senator Ron Wyden (D-Ore.), Chairman of the Senate Finance Committee, has called on the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate what he calls “negligent cybersecurity practices” that led to a February ransomware attack on a group UnitedHealth(New York Stock Exchange: United…
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Housing crisis: Top real estate economist calls the housing market unaffordable
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If there was one word to succinctly describe the world of housing right now, what would it be – perhaps unaffordable? That’s what it looks like for Redfin’s chief economist, Chen Zhao, who said earlier this week: “Affordability is actually the story in the housing market right now.” in Interview…
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India topples UAE as Kenya’s second largest imports market
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India has regained its position as Kenya’s second largest source market, replacing the United Arab Emirates, whose shipments fell by double digits due to relative stability in petroleum product prices. An analysis of official trade figures for the first three months of the year shows that traders spent Sh72.01 billion…
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Dame Kate Bingham Celebrates ‘Astonishing’ $3bn Deal for EyeBio
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In a landmark deal for the biotech industry, US pharmaceutical giant Merck, known as MSD in the UK, has acquired EyeBio, a London-based startup co-founded by Dame Kate Bingham, for up to $3bn (£2.36bn). . . This acquisition is expected to revolutionize blindness treatments. Merck has committed to making an…
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CORRECTION: CAA North & East Ontario and Canadian Museum of Nature announce ‘natural” partnership
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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 …
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Israeli defense co Roboteam wins US Marines deal
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Israeli Unmanned Ground Vehicles Company Robot teamThe company, which develops and manufactures robots for military and security missions, announced the receipt of an initial purchase order to provide more than 130 Mini Tactical Ground Robots (MTGR) to the US Marine Corps. This order is part of a larger follow-on order…
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Clearwater Analytics Study Reveals 55% of Institutional Investors Set to Boost Their Alternative Investments By Investing.com
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New research reveals key trends, opportunities and challenges facing Institutional investors In alternative investments Boise, Idaho, May 30, 2024 /PRNewswire/ — Clearwater Analytics CWAN (NYSE: CWAN), a leading global provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced the release of its 2024 State of Alternatives study.…
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Clearwater Analytics Study Reveals 55% of Institutional Investors Set to Boost Their Alternative Investments By Investing.com
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New research reveals key trends, opportunities and challenges facing Institutional investors In alternative investments Boise, Idaho, May 30, 2024 /PRNewswire/ — Clearwater Analytics CWAN (NYSE: CWAN), a leading global provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced the release of its 2024 State of Alternatives study.…
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UBS rejiggers its Group Executive Board as part of Credit Suisse integration (NYSE:UBS)
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MoreISO/iStock editorial via Getty Images In a further phase of the integration of Credit Suisse into the UBS Group (New York Stock Exchange: UBS), the company announced a number of changes to its Executive Board of Directors (“GEB”), including the retirement of Credit Suisse AG CEO Ulrich Körner and Noreen…
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Florida allows doctors to perform C-sections outside of hospitals
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Florida has become the first state to allow doctors to perform C-sections outside hospitals, backing a privately owned doctors’ group that says the change will cut costs and give pregnant women the more comfortable birth setting many desire. But the hospital industry and the nation’s leading association of obstetricians say…
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Millennial Homeownership Reaches 12-Year High Amid Rising Wages
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Homeownership among millennials has risen to its highest level in more than a decade, driven by a significant rise in income among young people, according to recent research by the Institute for Fiscal Studies (IFS). The IFS findings reveal a marked recovery in property ownership among 25- to 34-year-olds, which…
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Traders Are Bracing for a Record-Smashing Summer That Will Roil Commodities
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Breadcrumb links BMN Business Rising food and energy prices are frustrating the Federal Reserve’s efforts to combat inflation. Article writer: Bloomberg News Bloomberg News Published May 30, 2024 • 7 minutes read You can save this article by registering for free here. Or log in if you have an account.…
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Israeli-owned Blue Bird fills vacuum in Tel Aviv flights
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While foreign airlines were delaying resuming flights to Israel, Blue Bird saw the potential and resumed operations at Ben Gurion Airport in February. The Iranian attack in April also failed to deter the Greek-registered, Israeli-owned tanker, partially filling the void left by foreign tankers. Blue Bird currently operates flights from…
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Fourteen Hong Kong democrats found guilty in landmark subversion trial By Reuters
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Written by Jesse Pang and James Pomfret HONG KONG (Reuters) – Fourteen Hong Kong pro-democracy activists were convicted and two acquitted on Thursday in a landmark subversive trial that critics say could deal another blow to the city’s rule of law and its reputation as a global financial center. The…
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Jamie Dimon says there could be ‘hell to pay’ if the swelling private-credit market starts showing cracks
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Jamie Dimon, CEO of JPMorgan ChaseAlex Brandon/AP “It could be hell to pay” if private credit markets fluctuate, Jamie Dimon said. He warned that there are bad actors in the industry, and they are likely to be the source of any problems. “I don’t think it’s systemic, but I expect…
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Biden administration throws support behind building large-scale nuclear reactors
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RelaxFoto.de/E+ via Getty Images On Wednesday, the Biden administration announced new measures aimed at accelerating the spread of the Corona virus Developing new American nuclear energy projectsseeking to help mitigate the risks associated with building factories that can cost tens of billions of dollars. Recent commercial range The U.S.-built reactor,…
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Southeast Asia hit with dealmaking slump, with 39% drop in PE deal value in 2023
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Private equity investments It is being reduced Around the world, as “higher for longer” interest rates and uncertain global growth have dampened investors’ appetite for risk, Southeast Asia, which just a few years ago was seen as an emerging hotspot for the digital economy, is no exception. A new report…