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Apple Surpasses Microsoft to Reclaim Title as World's Most Valuable Company

Jul 09, 2024 03:55 am UTC| Technology Business Market Moving News Market Roundups

Apple has surpassed Microsoft to become the worlds most valuable technological business, thanks partly to Wedbushs assistance. This shift in the stock markets dynamics occurred within a month, coinciding with todays market...

Microsoft Switches China Staff to Apple iPhones, Citing Google Services' Absence and Security Risks

Jul 08, 2024 21:59 pm UTC| Technology Business

Microsoft will provide Apple iPhones to its employees in China due to security concerns and the absence of Google services following a recent Russian hack. Security Concerns Drive Shift to Apple iPhones A...

Samsung Faces 30,000 Worker Strike: Union Demands Better Pay, No Production Disruption

Jul 08, 2024 16:24 pm UTC| Business Technology

Samsung Electronics 30,000-strong union launched a three-day strike demanding better pay and bonuses, yet production remains unaffected, analysts say. Union Size and Representation Samsung Electronics workers began a...

International Banks Revise Inflation Forecasts for Turkey Amid Encouraging June CPI Data

Jul 08, 2024 15:50 pm UTC| Business Economy

International banks have revised their inflation expectations for Turkey following encouraging June CPI data. Consumer prices rose by 1.64% from May, with the annual inflation rate dropping from 75.45% to 71.60%. Finance...

Indonesia Projects 2024 Budget Deficit Increase to 2.7% of GDP Amid Rupiah Decline

Jul 08, 2024 15:46 pm UTC| Economy Business

Indonesias finance minister announced that the countrys budget deficit is projected to rise to 2.7% of GDP in 2024 due to the rupiahs depreciation and reduced tax revenue from the mining sector. The government aims to...

Bank of Japan Confident in Inflation Target as Wage Hikes Spread Across Economy

Jul 08, 2024 15:43 pm UTC| Business

The Bank of Japan expressed optimism at a recent meeting, citing expanding wage hikes and tight labor market conditions as key factors driving progress toward its 2% inflation target, potentially leading to a rate hike...

Slowing Snack Sales Impact PepsiCo’s Frito-Lay Division, Forecasts Lowered

Jul 08, 2024 15:23 pm UTC| Business

Due to a slowdown in the snacks market, TD Cowen has revised PepsiCos sales forecast for 2024 and 2025. Analyst Robert Moskow cites a 0.7% decline in Frito-Lay sales and reduced market share as key factors. Analyst...

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Economy

UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity

Britains economy recorded stronger-than-expected growth in June 2026, supported by easing concerns over the Iran war, the mens soccer World Cup and hot weather, according to official figures released Thursday. UK gross...

US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge

The U.S. dollar remained steady on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that matched expectations. Meanwhile, elevated oil prices and renewed U.S.-Iran...

European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears

European stocks moved higher on Thursday as investors welcomed an in-line U.S. inflation report that reduced expectations for another Federal Reserve interest rate hike in September. The pan-European Stoxx Europe 600 Index...

Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build

Japans government is reportedly supportive of an earlier interest rate hike by the Bank of Japan (BOJ), with policymakers potentially moving as soon as September or October as inflationary pressures intensify. Bloomberg...

Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data

Most Asian currencies traded in a narrow range on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that largely matched market expectations. The U.S. Dollar Index was...

Politics

Iran Eyes New Development Bank Membership as BRICS Pushes Local Currency Trade

Iran is expected to join the New Development Bank (NDB), the multilateral lender established by BRICS nations, as Tehran seeks stronger financial ties with emerging economies and alternative channels outside the U.S....

Nigel Farage Faces Count Binface in Clacton Election Test

Voters in Clacton headed to the polls on Thursday in an unusual local English election that pits Reform UK leader Nigel Farage against more than 30 challengers, including comedian Count Binface. The election comes after...

Putin Visits Japan-Claimed Iturup Island, Drawing Strong Protest From Tokyo

Russian President Vladimir Putin visited Iturup, a disputed island claimed by Japan, on Thursday, prompting a strong protest from Tokyo as tensions remain elevated across Northeast Asia. Iturup, known as Etorofu in Japan,...

Meloni Loses Ground Among Young Italian Voters Ahead of 2027 Election

Italian Prime Minister Giorgia Meloni is losing support among young voters, potentially creating a major challenge for her right-wing coalition ahead of Italys 2027 national election. Polling by Youtrend shows Melonis...

US, Colombia Weigh Joint Strikes on Armed Groups in Expanded Anti-Drug Campaign

U.S. Defense Secretary Pete Hegseth has raised the possibility of joint U.S.-Colombia military strikes against armed groups as Washington expands its counter-narcotics campaign across Latin America. Speaking Wednesday at...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy

Google co-founder Sergey Brin has stepped up efforts to accelerate development of the companys Gemini AI models as Alphabet battles OpenAI and Anthropic for leadership in artificial intelligence. Brin has reportedly urged...

Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth

Lenovo Group reported record first-quarter revenue as booming demand for artificial intelligence infrastructure and AI-enabled devices fueled strong growth across its major businesses, pushing its Hong Kong-listed shares...

Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges

Cisco Systems has issued a stronger-than-expected fiscal 2027 outlook, fueled by rising demand for networking equipment and artificial intelligence infrastructure from hyperscale customers. The networking technology giant...

Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook

Super Micro Computer (NASDAQ: SMCI) shares surged about 19% on Wednesday after the AI server maker issued fiscal 2027 guidance that significantly exceeded Wall Street expectations, easing concerns following its softer...

SpaceX Shares Surge as Wall Street Backs AI Growth Potential

SpaceX shares jumped 11% after Morgan Stanley highlighted the companys growing artificial intelligence business, fueling investor optimism around its expanding enterprise software strategy and upcoming Grok 4.7 AI model....