Day: July 10, 2024
Asia-Pacific markets set for higher open, tracking tech rally and rate cut hopes
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty […]
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Samsung to launch upgraded voice assistant Bixby this year with its own AI
TM Roh, head of Samsung’s mobile division, discusses the artificial intelligence featues as part of Galaxy AI at the Galaxy Unpacked event in Paris, France on July 10, 2024. Arjun Kharpal | CNBC PARIS — Samsung will launch an upgraded version of its voice assistant Bixby this year based on its own artificial intelligence models, […]
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Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the quarter
Investing at a time of high interest rates and macroeconomic uncertainty — is no mean feat. The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second […]
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Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’
ETF Edge Ethereum ETF countdown: Bitwise CIO sees ‘birth of a new asset class’ Published Wed, Jul 10 20247:00 PM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Archegos founder Bill Hwang convicted at criminal trial over fund’s collapse
Sung Kook (Bill) Hwang, the founder and head of the private investment firm Archegos, arrives at the Manhattan Federal Courthouse in New York City, U.S., July 9, 2024. Andrew Kelly | Reuters Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on […]
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Stocks making the biggest moves after hours: WD-40 Company, Costco and more
Check out the companies making headlines after the bell : WD-40 Company — Shares gained 11% after the maker of metal lubricants reported fiscal third-quarter results that beat analysts’ expectations. WD-40 posted earnings of $1.46 per share on revenue of $155 million, higher than the earnings of $1.39 per share on revenue of $145.8 million […]
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Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023. Kena Betancur | Corbis News | Getty Images You will soon have to pay more if you want to shop at Costco. The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S. and Canada […]
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Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent […]
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NASA still expects Boeing’s Starliner to return astronauts from ISS, but notes SpaceX backup option
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch , on June 5, 2024. Miguel […]
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Musk says next Neuralink brain implant expected soon, despite issues with the first patient
Jonathan Raa | Nurphoto | Getty Images Elon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within “the next week or so.” Executives also said the company is making changes to try and reduce the hardware problems it encountered with its first participant. Neuralink […]
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