Category: Reuters
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Tech and media stocks boost European shares By Reuters
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(Reuters) – European shares rose on Thursday, with media and technology stocks boosting the index, resisting a global decline after Nvidia’s quarterly results failed to impress investors. The European index rose 0.2% by 0712 GMT. Media stocks rose 0.5%, led by a 2.3% jump in Universal Music Group (AS:). The…
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Kiwi rises, dollar struggles to stay afloat ahead of US inflation test By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The New Zealand dollar made strong gains on Thursday following a positive survey of business expectations, while the U.S. dollar failed to sustain its recovery in the run-up to a key U.S. inflation reading at the end of the week. Friday’s release of…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
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Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
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Former Nevada official gets life sentence for murder of reporter By Reuters
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By Andrew Hay LAS VEGAS (Reuters) – A Las Vegas jury on Wednesday convicted a former elected official of killing an investigative journalist who wrote critical articles about him and sentenced him to life in prison with the possibility of parole after 20 years. Robert Tellis, a former Clark County…
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Nvidia fails to impress growth-hungry investors, shares fall By Reuters
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Written by Archia Bajwa (Reuters) – Nvidia Corp’s quarterly outlook on Wednesday failed to meet the lofty expectations of investors who have driven a stunning rally in its shares as they bet billions of dollars on the future of generative artificial intelligence. Shares of the chipmaker fell 6% in after-hours…
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Nvidia fails to impress growth-hungry investors, shares fall By Reuters
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Written by Archia Bajwa (Reuters) – Nvidia Corp’s quarterly outlook on Wednesday failed to meet the lofty expectations of investors who have driven a stunning rally in its shares as they bet billions of dollars on the future of generative artificial intelligence. Shares of the chipmaker fell 6% in after-hours…
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Body of Israeli soldier abducted on Oct 7 recovered, military says By Reuters
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JERUSALEM (Reuters) – The body of a soldier abducted by militants from Gaza on Oct. 7 has been rescued and brought to Israel, the Israeli military said on Wednesday. The army said the rescue operation took place overnight, and that his name would not be published at the request of…
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Super Micro delays annual filing to review internal controls, shares fall By Reuters
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(Reuters) – Super Micro Computer Inc (NASDAQ:SMIC) on Wednesday delayed filing its annual report and said it needed more time to evaluate the “effectiveness of internal controls” over its financial reporting, sending shares of the artificial intelligence server maker down 21%. The move comes a day after Hindenburg Research revealed…
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Dollar wallows near year-low as traders seek clues on Fed cuts By Reuters
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By Brigid Riley (Reuters) – The dollar held near its lowest in more than a year against a basket of currencies on Wednesday, while sterling traded near multi-year highs, as markets focused on signs of the size of a widely expected U.S. interest rate cut next month. Cryptocurrency Bitcoin grabbed…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Wall Street climbs as investors focus on Nvidia results By Reuters
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By Noel Randwick (Reuters) – Technology stocks rose on Tuesday in mixed trading ahead of a highly anticipated quarterly report from Nvidia Corp on Wednesday and economic data expected later in the week. The benchmark S&P 500 and Nasdaq swung between gains and losses, with focus on results due Wednesday…
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Aid struggles to reach survivors as Sudan dam collapse, floods wreak havoc By Reuters
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Written by Tayeb Siddiq ARBAT, Sudan (Reuters) – Emergency teams were racing against time on Tuesday to find out how many people were missing after a dam in eastern Sudan burst its banks, unleashing the worst flooding to devastate a country already ravaged by 500 days of war. The collapse…
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PM says Ukraine needs extra $15 billion to cover 2025 budget gap By Reuters
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KIEV (Reuters) – Ukraine needs an additional $15 billion to cover its budget deficit in 2025, Prime Minister Denys Shmyhal said on Tuesday. He said Ukraine estimates the total budget deficit for next year at about $35 billion, with plans to cover $20 billion. The Ukrainian government estimates the deficit…
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Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake By Reuters
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By Himanshi Akhand and Louis Jackson (Reuters) – Australia’s Woodside Energy reported a 14 percent drop in first-half profit on Tuesday due to lower oil prices, but the result and its dividend beat market expectations, sending its shares up 4 percent. Chief executive Meg O’Neill said there was significant interest…