Month: October 2024
Israeli forces launch ground offensive in Lebanon as markets fear escalation
NEBATIEH, LEBANON – SEPTEMBER 28: Smoke rises after Israeli attacks over Shebaa town of Nabatieh province on September 28, 2024. (Photo by Ramiz Dallah/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Israel has launched a ground incursion into Lebanese territory, with markets on edge over the possibility of a serious escalation in the conflict between the […]
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PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
Siete Foods Tortilla Chips Courtesy: Siete Foods PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions […]
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Iran readying ‘imminent’ ballistic missile attack against Israel, U.S. official tells NBC News
Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News Source
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Spacecraft delivery startup founded by former SpaceX rocket guru raises $150 million, led by Founders Fund
An Impulse employee works on assembling a Mira vehicle. Impulse Space Los Angeles-based space startup Impulse, which is led by renowned rocket specialist Tom Mueller, has raised $150 million in a new fundraising round led by venture capital firm Founders Fund. Impulse is scaling a product line of orbital transfer vehicles — colloquially known as […]
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India to fabricate its first chip in two years as Nvidia, AMD and Micron pledge to expand to the country
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images […]
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Saudi Arabia slashes growth forecasts, sees wider budget deficits
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic […]
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Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans
BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard said Tuesday that it’s agreed to acquire Minna […]
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Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia’s biggest economy to spur growth. Dimas Ardian | Bloomberg | Getty Images As Microsoft investors […]
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VP debate live updates: JD Vance and Tim Walz square off in New York City
Trump has slight edge to win, House and Senate likely to flip: Stifel Financial analyst Republican presidential nominee former U.S. President Donald Trump attends a campaign rally in Erie, Pennsylvania, U.S., September 29, 2024. Brian Snyder | Reuters Trump is slightly favored to win the election, even though Harris is ahead in the polls, according […]
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Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
Walter “Walt” Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. David Paul Morris | Bloomberg | Getty Images Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years […]
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