Author: Admin
Citi cuts Microsoft price target, citing foreign exchange headwinds
Microsoft faces slowing PC demand and foreign exchange headwinds that could hit profits in the near-term, Citi said Tuesday. “We lower our Q4 estimates on mostly FX, and weaker PC’s, while our FY23 embeds more macro conservatism and slower growth across key commercial businesses,” wrote analyst Tyler Radke in a note to clients as he […]
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Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy
Problems at Celsius appear to have been simmering for years before the crypto lender filed for bankruptcy. The crypto company saw a range of internal missteps leading up to its recent turmoil, according to former employees and internal documents CNBC reviewed. Multiple employees painted a picture of risk-taking, disorganization and alleged market manipulation. “The biggest issue […]
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5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures rise Equities markets pointed to a comeback Tuesday morning. Stocks had ended Monday in the red, weighed down by Apple, after Bloomberg reported the tech […]
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Nuclear power plant lowers output to protect fish as Europe grapples with heatwave
Switzerland’s Beznau nuclear power plant photographed in July 2019. The facility uses the river Aare for cooling. Fabrice Coffrini | AFP | Getty Images A nuclear power plant in Switzerland is lowering its output in order to prevent the river that cools it from hitting temperature levels dangerous to marine life, in the latest example […]
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Exchange operator Cboe is a buy as recession chances rise, Morgan Stanley says
As the risk of a recession continues to rise, Morgan Stanley believes it’s time to buy exchange operator Cboe Global Markets . Analyst Michael Cyprys double upgraded the stock from an underweight rating to overweight, saying in a note to clients Tuesday that at this time, the bank favors defensive exchanges and brokers that benefit […]
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U.S.-supplied rockets helping Ukraine retain defensive lines, official says; Putin meets Erdogan to talk grain exports
Russia over-committed in Donbas and likely to make slow progress, UK says Russia continues to commit what are nominally six separate armies to its Donbas offensive, according to the latest intelligence update from the British Ministry of Defence, that noted Tuesday that at full strength, before the invasion, these formations were established for around 150,000 […]
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UK plans $95 million hydrogen gigafactory to produce components for vehicles
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A U.K.-headquartered firm said Monday it was building an £80 million ($95.9 million) “gigafactory” specializing in the manufacture […]
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Looking to get your funds out of a collapsed crypto platform? Don’t get your hopes up
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending […]
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SoftBank reportedly pauses plan for Arm’s London listing
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported. Akio Kon | Bloomberg | Getty Images SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, […]
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Asia-Pacific’s travel industry won’t recover fully without China, says analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brendan Sobie of Sobie Aviation says China is crucial to the region’s travel market, and the loss of much of it, as a result of its strict Covid measures, is “a void you cannot fill.” Source
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