By Mehnaz Yasmin and Divya Chowdhury (Reuters) – Bond markets would likely benefit if U.S. President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the g[...]
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June 12, 2024
S&P 500, Nasdaq post closing record highs after CPI, Fed
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq posted record closing highs for a third straight day on Wednesday after inflation data came in softer than expected but the inde[...]
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Qantas to buy remaining 49% stake in TripADeal for $140.6 million
(Reuters) -Australia’s Qantas Airways said on Thursday it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capi[...]
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Samsung offers plan to speed up delivery of AI chips
By Joyce Lee and Max A. Cherney SEOUL/SAN JOSE (Reuters) -Samsung Electronics said its contract manufacturing business plans to offer a one-stop shop for clients to get their AI chips made faster, int[...]
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Broadcom boosts revenue forecast from AI chips, unveils stock split
By Arsheeya Bajwa (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of[...]
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CalPERS becomes latest Tesla shareholder to vote against Musk’s pay package
(Reuters) -The California Public Employees’ Retirement System is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund’s CEO said[...]
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Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymaker[...]
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JPMorgan sees investment banking revenue jumping as much as 30% in 2Q
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase boosted its outlook for investment banking revenue, forecasting a jump of 25% to 30% in the second quarter fueled by capital markets, a top executive[...]
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Paramount Global tells employees it will focus on strategic plan
(Reuters) -Paramount Global’s leadership team told employees Wednesday the company will focus on its new plan to transform its streaming business, reduce costs and divest some assets to help pay[...]
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