Wealth Growth Daily

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Nordstrom Q2 results get boost from sales event, turnaround efforts

BY Reuters  • August 27, 2024August 27, 2024
By Savyata Mishra (Reuters) -Nordstrom posted a second-quarter profit that topped estimates on Tuesday, with sales propped up by its crucial Anniversary Sale event, sending its shares up nearly 7% aft[...]
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Explainer-Big Tech wants AI to be regulated. Why do they oppose a California AI bill?

BY Reuters  • August 27, 2024August 27, 2024
By Greg Bensinger SAN FRANCISCO (Reuters) -California legislators are set to vote on a bill as soon as this week that would broadly regulate how artificial intelligence is developed and deployed in Ca[...]
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China’s Xpeng prices its first budget EV from $16,813

BY Reuters  • August 27, 2024August 27, 2024
BEIJING (Reuters) -Chinese electric vehicle maker Xpeng priced the first model of its budget sub-brand MONA from $16,813 on Tuesday, wedging into the mainstream but highly competitive segment of the w[...]
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Shares climb, oil slips amid Mideast risks and looming Nvidia earnings

BY Reuters  • August 27, 2024August 27, 2024
By Chibuike Oguh and Iain Withers NEW YORK/LONDON (Reuters) -A gauge of global shares climbed in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as i[...]
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US dollar retreats, sterling hits more than two-year high

BY Reuters  • August 27, 2024August 27, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling climbed to its highest against the U.S. dollar in more than two years on Tuesday, while the greenback dropped to a more than one-year lo[...]
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Toronto market edges off record high as oil prices drop

BY Reuters  • August 27, 2024August 27, 2024
By Nikhil Sharma and Fergal Smith (Reuters) -Canada’s main stock index ended lower on Tuesday, pulling back from a record high, as a drop in oil prices weighed on the energy sector and investors[...]
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Zuckerberg says Biden admin pressured Meta to ‘censor’ COVID-19 content

BY Reuters  • August 27, 2024August 27, 2024
By Gnaneshwar Rajan and Nandita Bose (Reuters) – Meta Platforms CEO Mark Zuckerberg said the Biden administration had pressured the company to “censor” COVID-19 content during the pa[...]
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Elon Musk voices support for California bill requiring safety tests on AI models

BY Reuters  • August 27, 2024August 27, 2024
(Reuters) – Tesla chief Elon Musk, who also owns social media platform X, said on Monday he feels California should pass an AI bill that would require tech companies and AI developers to conduct[...]
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Oil prices fall 2% on economic worries, technical decline

BY Reuters  • August 27, 2024August 27, 2024
By Scott DiSavino NEW YORK (Reuters) – Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices su[...]
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