World
Meet the Latin American e-commerce platform that’s outperforming Amazon this year
One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon, […]
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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison […]
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Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
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 Tech giant Microsoft will invest […]
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A popular China ETF is surging Tuesday. It’s not time to jump in just yet, according to the charts
With China’s central bank revealing its most aggressive stimulus since the pandemic, the Shanghai Stock Exchange Composite Inde x ripped higher by more than 4%. Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that […]
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OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in […]
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Elliott to call for Southwest special meeting ‘as soon as next week’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images Elliott Management said Tuesday it will call a special meeting at Southwest Airlines “as soon as next week,” shortly after the company put forward a sweeping board shakeup […]
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‘We have much more on the way, if they will continue,’ Israel’s president says as death toll from Lebanon attack tops 550
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades. It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since […]
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UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. “Change must mean nothing less than national renewal,” he told a crowd of Labour Party delegates Tuesday. […]
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Warner Bros. Discovery partners with Google for AI-generated captions on Max streaming service
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is partnering with Google to integrate the internet giant’s AI technology into its Max video streaming platform to automatically generate captions. The two companies said they were working to make Max’s captions more accurate using a new caption-generation tool, which is being referred to internally […]
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JPMorgan CEO Jamie Dimon warns ‘geopolitics is getting worse’
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters A year after Jamie Dimon named geopolitics as the world’s biggest risk, JPMorgan Chase‘s CEO sounded the alarm again, […]
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