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Microsoft and Apple may be playing the long game by ditching OpenAI board roles

Microsoft has given up an observer role on the ChatGPT maker's board, and Apple is not expected to …

Jyoti Mann   


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1 min read

India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secretary

The domestic steel demand is expected to grow at a rate of 10 per cent over the next few years, sup…

PTI   


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Investors should load up on defensive sectors like consumer staples as macro data sends mixed signals about the economy, Morgan Stanley says

Analysts led by Mike Wilson said consumer staples are among the defensive sectors as consumers focu…

Yuheng Zhan   


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The greatest act of public service Joe Biden can do now is step aside, New York Times Editorial Board says

The New York Times' Editorial Board called for President Joe Biden to end his campaign after Thursd…

Lloyd Lee   


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Tesla stock soars 14% after Elon Musk commits to affordable vehicle launch following Q1 earnings miss

"We're updating our future vehicle lineup to accelerate the launch of our low-cost vehicles in a mo…

Matthew Fox   


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Stock market today: US stocks slip as traders struggle to restart rally ahead of new data, Powell comments

Stocks logged another losing session on Tuesday, after closing lower in the prior two sessions. Tra…

Filip De Mott   


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Stock market today: Apple and futures edge up, but Reddit set to lose ground after first-day surge

Surprisingly strong economic data assuaged recession fears on Wall Street, but threatened to delay …

Theron Mohamed   


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Investors should beware of 'AI washing' by companies amid Wall Street's craze for the technology, SEC chief Gary Gensler says

The SEC chief said companies must be clear about what AI means to their business, and advisors shou…

Yuheng Zhan   


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US stocks rise after revised data shows inflation cooling at a faster rate

The S&P 500 topped 5,000, and US stocks on Friday were headed for a fifth straight week of gains.

Aruni Soni   


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Stocks look 'highly vulnerable' and the economy is likely to enter a year-long recession, a 30-year market veteran says

The inverted yield curve, one of the most famous recession indicators, hasn't flashed for this many…

Phil Rosen   


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Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC

The Bombay High Court has said banks and financial institutions should pass reasoned orders before …

PTI   


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Vodafone Idea board to meet on Feb 27 to consider fundraising proposal

Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to conside…

PTI   


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Stocks are following the same playbook they did in 2006, and rate cuts might not be the rocket fuel investors are hoping for, Morgan Stanley's CIO says

Gains following a late-cycle rate cut have been light compared to when the Fed cuts in the middle o…

Jennifer Sor   


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What Charlie Munger's death means for Warren Buffett and Berkshire Hathaway

Greg Abel will likely work more closely with Warren Buffett after Charlie Munger, his old friend an…

Erin Snodgrass   


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US stocks rise as Fed comments fuel hopes rate hikes are done

Fed Governor Christopher Waller said he is optimistic that the central bank remains on track to tam…

Phil Rosen   


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Here's why the dollar is facing its weakest month in a year while the euro has hit 3-month highs

Investors expect the Federal Reserve to start cutting interest rates in 2024, which has sent the do…

Phil Rosen   


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China's troubled property giant Country Garden has reportedly defaulted on a bond payment

The world's second largest economy is dealing with a real estate slump that has crippled massive de…

Phil Rosen   


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China's Country Garden reportedly misses final deadline for a $15.4 million bond payment

Once China's preeminent property developer, it's stumbled through missed payments and default risks…

Phil Rosen   


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Dow drops 388 points as US stocks suffer worst loss since March on weak economic data

Readings on sales of new homes and consumer confidence came in below forecasts.

Filip De Mott   


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Economists think new home prices in China will see zero growth this year as the country's property market continues to weaken

A Reuters poll pointed to the Chinese real estate market's severe headwinds that have led some comm…

Phil Rosen