By Andre Romani SAO PAULO (Reuters) -Brazil’s central bank on Wednesday kept interest rates unchanged at a second consecutive policy meeting, as expected, flagging a need for “more vigilan[...]
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July 31, 2024
Arm stock dives 11% as slow AI gains lead to tepid outlook
By Max A. Cherney -Arm’s conservative revenue forecast sparked a selloff in the British chip firm’s stock on Wednesday, as investors worried that returns from a spending frenzy on AI compu[...]
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
By Chibuike Oguh NEW YORK (Reuters) – The S&P 500 and Nasdaq scored their biggest daily percentage gains since Feb. 22 and the Dow rose on Wednesday as chip stocks rallied and the Federal Re[...]
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Fed’s Powell puts September rate cut on table as US inflation cools
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday interest rates could be cut as soon as September if the U.S. economy follows its expected[...]
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Tesla car that killed Seattle motorcyclist was in ‘Full Self-Driving’ mode, police say
By Hyunjoo Jin SAN FRANCISCO (Reuters) -A Tesla Model S car was in “Full Self-Driving” mode when it hit and killed a 28-year-old motorcyclist in the Seattle area in April, police said, mak[...]
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23andMe CEO Wojcicki makes offer to take the firm private, filing shows
(Reuters) – 23andMe co-founder and chief executive Anne Wojcicki made a non-binding proposal to the board to acquire all of the company’s outstanding shares not already owned by her or her[...]
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US says 51 million air bag inflators pose safety risks despite automaker objections
By David Shepardson WASHINGTON (Reuters) -A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks a[...]
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Lam Research forecasts quarterly revenue above estimates fueled by AI boom
(Reuters) – Chip-making tools supplier Lam Research forecast September quarter revenue above Wall Street estimates on Wednesday, anticipating a surge in orders from chip firms amid the AI boom.[...]
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Fed’s Powell rejects idea politics has any bearing on policy choices
By Michael S. Derby (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday political considerations play no part in either near-term monetary policy deliberations or the central[...]
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