31/07/2025 |
Meta shares jump on big revenue forecast, small capex raiseMeta Platforms forecast third-quarter revenue well above Wall Street estimates on Wednesday, as artificial intelligence continued to strengthen its core advertising business, sending its shares up 10% in extended trading.
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Microsoft to spend record $30 billion this quarter as AI investments pay offMicrosoft forecast on Wednesday a record $30 billion in capital spending for the current fiscal first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its massive bets on artificial intelligence.
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Oil shipments from Brazil to US to resume after tariff exemption, says lobby groupEnergy companies operating in Brazil are expected to resume oil shipments to the United States after several oil products were exempted from U.S. tariffs, the head of Brazilian oil lobby group IBP told Reuters on Wednesday.
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30/07/2025 |
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags sharesVisa beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global payments processing company was helped by strong card spending volumes despite softness in the broader economy.
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Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robotsRead More |
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L'Oreal to push for tariff exemption as US market improvesL'Oreal warned on Tuesday that the EU's trade deal with the U.S. would be costly and that the cosmetics maker would push for tariff exemptions, even as it reported improving demand for its makeup and hair products in the key U.S. market.
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29/07/2025 |
Fed expected to keep rates unchanged as it sifts through mixed economic dataThe U.S. central bank, to President Donald Trump's chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that's not to say there won't be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs.
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Visa, Mastercard set for higher profits on solid spending trendsVisa and Mastercard are expected to report higher quarterly profits this week on steady consumer spending, and analysts will scrutinize how demand for travel and discretionary purchases is shaping up in the face of tariff uncertainty.
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Warner Bros to get studio business after split, Discovery to house news, sports brandsWarner Bros Discovery said the two companies created by the separation of its studio, streaming and cable TV units would be named Warner Bros and Discovery Global, unwinding a merger in less than four years due to seismic shifts in the entertainment industry.
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28/07/2025 |
KKR in talks to buy ST Telemedia Global Data Centres, Bloomberg News reportsU.S. investment firm KKR is in talks to buy Singapore-based ST Telemedia Global Data Centres in a deal that could value the Asian infrastructure provider at more than $5 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.
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