By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development,[...]
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June 28, 2023
Nasdaq edges up, S&P 500, Dow decline slightly; more Fed rate hikes in focus
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower afte[...]
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Exclusive-Exxon Mobil expands lithium bet with Tetra Technologies deal
By Ernest Scheyder (Reuters) – Exxon Mobil has agreed to develop more than 6,100 lithium-rich acres in Arkansas with Tetra Technologies Inc, the second move this year by the oil giant for contro[...]
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US banks shrug off turmoil to ace Fed’s annual health checks
By Pete Schroeder WASHINGTON (Reuters) -Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil e[...]
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Brands focus on stories in refining China livestreaming to boost profits
By Casey Hall SHANGHAI (Reuters) – When tech giant Apple joined China’s livestreaming frenzy, a major driving force of the e-commerce boom in the world’s second biggest economy, it l[...]
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EV maker Lordstown Motors begins bankruptcy embroiled in disputes
By Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, r[...]
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Oracle spending ‘billions’ on Nvidia chips this year – Ellison
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new w[...]
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Microsoft CEO says exclusive Activision games make ‘no strategic sense’
By Greg Bensinger and Diane Bartz SAN FRANCISCO/WASHINGTON (Reuters) -The leaders of Microsoft and Activision Blizzard on Wednesday sought to allay antitrust concerns that a proposed $69 billion merge[...]
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Chipmaker Micron beats on demand from booming AI, easing glut
By Akash Sriram (Reuters) -Micron Technology beat estimates for third-quarter results on Wednesday, powered by demand for its memory chips from the rapidly-growing artificial intelligence sector and a[...]
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