TORONTO (Reuters) – The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points for the second month in row, bringing it down to 4.5%, and said more cuts were likely if inflat[...]
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July 24, 2024
Exchange operator CME’s profit beats estimates on record trading volumes
By Jaiveer Shekhawat (Reuters) -CME Group on Wednesday beat analyst estimates for its second-quarter profit, as the exchange operator notched record trading volumes, with investors rushing to manage r[...]
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Frozen food supplier Lamb Weston provides dour annual forecasts on weak demand
(Reuters) – Lamb Weston forecast its annual sales and profit below analysts’ expectations on Wednesday, as higher prices of its frozen food products begin to hurt volumes, sending its shar[...]
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Google’s Vertex AI to use Mistral AI’s Codestral
PARIS (Reuters) – Google Cloud will use Mistral AI’s Codestral artificial intelligence model for Google’s Vertex AI service, Google Cloud said on Wednesday. WHY IT’S IMPORTANT:[...]
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Microsoft aims to boost AI workload capacity with Lumen partnership
(Reuters) – Microsoft will use Lumen Technologies’ network equipment to expand its capacity for AI workloads, the companies said on Wednesday, as the technology giant looks to meet growing[...]
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Theater chain AMC forecasts Q2 loss due to fewer big releases
(Reuters) – AMC Entertainment said on Wednesday it expects to report a loss of $32.8 million for the second quarter, compared to a profit of $8.6 million a year earlier, citing impact from last[...]
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Donald Trump presidency would be good for defense spending, HEICO exec said
FARNBOROUGH, England (Reuters) – A Donald Trump presidency would benefit the U.S. defense industry, independent aerospace and defense parts producer Heico Corp’s co-president Eric Mendelso[...]
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Canada June factory sales most likely fell 2.6%, Statscan flash estimate shows
OTTAWA (Reuters) – Canadian factory sales most likely fell 2.6% in June from May, largely due to the chemical product and transportation equipment subsectors, Statistics Canada said in a flash e[...]
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Otis cuts annual sales view on slowdown in construction activity in China, US
(Reuters) – Elevator maker Otis Worldwide lowered its 2024 net sales forecast on Wednesday on softening demand for its new equipment from North America and China. The company expects its full-ye[...]
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