Month: August 2024
Annual inflation rate slows to 2.9% in July, lowest since 2021
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Inflation rose as expected in […]
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Google’s live demo of Gemini ramps up pressure on Apple as AI reaches smartphone users
During Google’s Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company’s new AI assistant, Gemini. Things got awkward right after the presenter told the audience, “all the demos today are live, by the way.” In front of a big crowd of […]
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Stocks making the biggest moves premarket: Kellanova, Alphabet, Flutter and more
Check out the companies making headlines in premarket trading. Kellanova — Shares rose more than 6% in the premarket after the foodmaker agreed to be acquired by snackmaker Mars for $83.50 per share in cash. The deal values Kellanova at about $36 billion and is expected to close in the first half of 2025. Alphabet […]
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Mars to acquire Cheez-It, Pringles-maker Kellanova in $36 billion deal
Packages of Pringles potato chips are displayed on a shelf at a market on April 5, 2011 in San Francisco, California. Diamond Foods Inc. has agreed to purchase Pringles chip operations from Procter & Gamble Co. for $1.5 billion, a move that will triple the size of its snack foods business. Justin Sullivan | Getty […]
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Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images For nearly a decade, Tom Wahlin’s popular travel gear site Pack Hacker ranked high in Google’s search results by publishing deeply researched product […]
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Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate. The non-profit advocacy is analyzing large internet platforms to see if they’re properly monitoring their sites for hate speech. […]
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UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sell-offs last week […]
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Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the June quarter against LSEG consensus estimates: Revenue: 161.12 billion Chinese […]
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Stock futures are little changed ahead of key inflation report on Wednesday: Live updates
Stock futures were marginally up on Wednesday morning as Wall Street looks to keep a strong start to the week going with a key inflation report on deck. Futures tied to the Dow Jones Industrial Average rose 24 points, or less than 0.1%. S&P 500 futures were also up by less than 0.1%, while Nasdaq […]
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Thai court dismisses PM Srettha over cabinet appointment
Srettha Thavisin, Thailand’s prime minister, arrives at Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Thailand will dole out 560 billion baht ($16 billion) to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha pitching the revival of a sluggish economy as […]
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