BOGOTA (Reuters) -Colombia’s central bank technical team revised its inflation outlook for the year to 5.7%, from a previous 5.5%, it said in a quarterly report published on Friday. The new fore[...]
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August 2, 2024
Stocks drop, Nasdaq confirms correction as recession fears mount
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked[...]
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Equities sell off, Nasdaq on track for correction, bond yields sink
NEW YORK (Reuters) -Global equities sold off on Friday and U.S. Treasury yields were at multi-month lows on concerns about the economy and downbeat forecasts from Amazon and Intel, which hit richly-va[...]
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US FDA says all doses of Lilly’s weight-loss and diabetes drug are now available
By Bhanvi Satija and Sneha S K (Reuters) -All doses of Eli Lilly’s weight-loss drug Zepbound and diabetes drug Mounjaro are now available, the U.S. Food and Drug Administration’s updated s[...]
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JPMorgan considers suing consumer watchdog over Zelle
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase said on Friday it is considering whether to sue a U.S. consumer watchdog over the agency’s inquiries into the Zelle payment app. The bank said i[...]
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Google hires top talent from startup Character.AI, signs licensing deal
By Kenrick Cai (Reuters) -Startup Character.AI said on Friday it has signed an agreement with Alphabet’s Google that grants the search engine giant a non-exclusive license to the chatbot maker[...]
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Intel shares slump 26% as turnaround struggle deepens
By Noel Randewich and Arsheeya Bajwa (Reuters) -Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a cos[...]
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Tech-heavy Nasdaq in correction as equity selloff deepens
By Saqib Iqbal Ahmed and Ankika Biswas (Reuters) -Worries over tech earnings and a slowing U.S. economy slammed the Nasdaq Composite index on Friday as it extended recent declines to fall 10% below it[...]
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Global stocks plunge, bond prices rally as US data spooks
By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Surprisingly weak U.S. employment data on Friday stoked fears of a recession ahead, prompting investors to dump stocks and turn to safe-h[...]
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