Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a…
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JPMorgan’s senior analyst Kian Abouhossein has outlined his preferred European bank stocks as investors look ahead to 2026. Despite macroeconomic uncertainty and uneven M&A activity across the sector, Abouhossein believes…
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Business
U.S. added 119,000 jobs in September, but there are signs of a weakening labor market
by adminby adminThe United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details…
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Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season. Walmart also offered fresh signs that it…
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Stock
Amazon and Microsoft’s AI bet hit a wall: Wall Street’s rare bear makes his move
by adminby adminAmazon and Microsoft are among the tech giants who have collectively pledged $349 billion to AI infrastructure, betting hyperscale returns will materialize. Yet one prominent analyst just broke ranks with…
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Amazon’s recent workforce reduction has reshaped large parts of the company, with engineering roles emerging as the most affected category. The layoffs, announced last month, spanned cloud services, devices, advertising,…
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Walmart stock price popped by over 6.5% on Thursday as investors reacted to its strong earnings report. WMT jumped to $107, its highest level since October 25, and a few…
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Stock
Global sugar prices likely to remain soft amid record output in Brazil and India, says expert
by adminby adminGlobal sugar prices are expected to remain soft in the coming months due to rising production and rebuilding stocks, said Edward Nikulin, a commodities and weather-model analyst at Mind Money. …