Apple Inc. is close to finalising a deal with Alphabet Inc.’s Google to use its powerful 1.2 trillion parameter Gemini AI model to overhaul Siri, Bloomberg reported, citing people familiar with the matter. The partnership, expected to cost Apple around $1 billion annually, would represent one of the largest AI licensing arrangements in the technology […]
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Shares of WeRide began trading on the Hong Kong Stock Exchange on Tuesday, marking another step in China’s push to strengthen its global technology footprint while reducing reliance on US capital markets. The Guangzhou-based autonomous vehicle developer is now listed on both the Nasdaq and Hong Kong’s main board, positioning itself at the intersection of […]
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The Indian rupee edged higher on Wednesday, bucking the cautious mood in Asian markets, with traders pointing to fading bearish sentiment in the options space. The local unit was quoted at 88.00 to the US dollar, up 0.18% on the day, despite a rally in the dollar index to 98.50 and weakness in regional peers. […]
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The GBP/USD exchange rate remained under pressure this week as UK bond yields jumped and as market participants waited for the closely-watched non-farm payrolls (NFP) data. It was trading at 1.3430, down from the year-to-date high of 1.3790. US non-farm payrolls data The GBP/USD exchange rate remained under pressure after the Bureau of Labor Statistics […]
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The EUR/USD exchange rate wavered today, September 4, as investors reflected on the ongoing political crisis in France and the upcoming US non-farm payrolls (NFP) data. It was trading at 1.1655 on Thursday morning, up from last month’s low of 1.1390. US labor market has softened The EUR/USD exchange rate remained on edge on Thursday […]
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Thursday brought a wave of developments across technology, politics, and markets, with TikTok’s US restructuring gaining presidential backing, Elon Musk’s xAI securing a federal access deal, and the Commerce Department revising second-quarter GDP upward. At the same time, President Trump pledged tariff funds to aid farmers, while US equities closed lower on weakness in Oracle […]
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US stocks edged higher on Friday after the release of closely watched inflation data that met expectations and reinforced bets on further interest rate cuts from the Federal Reserve. The S&P 500 rose 0.2%, the Nasdaq Composite gained slightly, and the Dow Jones Industrial Average advanced 190 points, or 0.4%. The personal consumption expenditures price […]
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Stocks edged higher on Monday as Wall Street attempted to recover from last week’s pullback, when concerns about the durability of the artificial intelligence trade weighed on broader markets. The S&P 500 was up 0.32% to 6,665.29. The tech heavy Nasdaq 100 was trading 0.68% higher at 22,636.124. The Dow Jones Industrial Average in contrast […]
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Tesla Inc. has proposed a new compensation plan for Chief Executive Elon Musk that could be worth about $1 trillion if all performance targets are met, according to a proxy filing released Friday. The proposed package would be without precedent in corporate America and is intended to keep Musk at the helm of the electric-vehicle […]
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Cryptocurrencies maintained a bearish stance today, as Bitcoin hinted at further dips below $100K psychological level. Amidst the prevailing broader uncertainty, this article explores altcoins dominating trends in the politics-tied digital tokens space, specifically MELANIA, LIBRA, and Pepe Trump (PTRUMP). Let us discover more. Lawsuit exposes MELANIA and LIBRA’s misconduct A class-action lawsuit stirred cryptocurrency […]
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