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Category: Economy

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Latest News (17814 articles)

Economy Bloomberg
147d ago
Insured Hurricane Losses in Jamaica Seen as High as $4.2 Billion

The insured costs of Hurricane Melissa’s damages to onshore property in Jamaica now range between $2.2 billion and $4.2 billion, …

Insured losses from Hurricane Melissa in Jamaica are estimated to be between $2.2 billion and … High (80%)
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Bloomberg
Economy Bloomberg
147d ago
Microsoft’s $9.7B Move to Tackle the AI Capacity Crunch

Microsoft is locking in more AI firepower. The tech giant is signing a $9.7 billion deal with Australia’s IREN for …

Microsoft has signed a $9.7 billion deal with IREN to access Nvidia systems in Texas, … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
PIMCO President Sees Opportunity, Caution Ahead

PIMCO President Christian Stracke joined Bloomberg Open Interest to talk about the diverging picture in credit markets. On one hand, …

PIMCO President Christian Stracke expects a contained default cycle in credit markets, driven by diverging … High (80%)
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Bloomberg
Economy Bloomberg
147d ago
Quantum Firm Xanadu to Go Public in $3.6 Billion SPAC Deal

Xanadu Quantum Technologies Inc. said it will go public through a merger with Crane Harbor Acquisition Corp., a US special-purpose …

Xanadu Quantum Technologies Inc. will go public through a $3.6 billion SPAC deal with Crane … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
Palantir’s Unwavering Momentum Sends Valuation Into Stratosphere

Palantir Technologies Inc.’s pricey valuation has long confounded Wall Street but investors have largely ignored those calls, instead pushing the …

Palantir Technologies Inc. continues to defy valuation concerns, reaching a new record high ahead of … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
US Factory Activity Shrinks in October as Demand Remains Sluggish

US factory activity shrank in October for an eighth straight month, as the Institute for Supply Management’s manufacturing index eased …

US factory activity contracted for the 8th consecutive month in October, with the ISM manufacturing … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
Buffett's Berkshire Cash Pile Hits Record $382 Billion

Berkshire Hathaway's cash pile stands at a record $381.7 billion. Operating earnings surged 34% at Warren Buffett's massive conglomerate. The …

Berkshire Hathaway's cash reserves have reached a record $381.7 billion, driven by a 34% surge … High (80%)
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Bloomberg
Economy Bloomberg
147d ago
Positive End of Quarter Signals from China for Apple: Milanesi

Carolina Milanesi, Creative Strategies President and Principal Analyst, discusses Apple's latest earnings with Bloomberg's Caroline Hyde on 'Bloomberg Tech.' (Source: …

Apple's latest earnings have received a positive signal from China, a key market for the … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
Lenders Take Control of Corus Entertainment, Ending Billionaire Shaws’ Reign

Lenders are set to take over Canadian broadcaster Corus Entertainment Inc. after reaching an agreement to swap their debt for …

Lenders have reached an agreement to take control of Corus Entertainment Inc. by swapping debt … High (80%)
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Bloomberg
Economy Bloomberg
147d ago
Higher Valuations Need More Scrutiny: Hoffmann-Burchardi

Ulrike Hoffmann-Burchardi, CIO for the Americas at UBS Global Wealth Management, says it is not too late to get into …

Ulrike Hoffmann-Burchardi, CIO at UBS Global Wealth Management, cautions that higher valuations in AI stocks … High (80%)
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Bloomberg
Economy Bloomberg ⭐ FEATURED
147d ago
Earnings Growth Will Be Better Than Expected, Morgan Stanley's Wilson Says

Morgan Stanley Chief US Equity Strategist Mike Wilson says earnings growth will be better than expected next year and the …

Morgan Stanley's Mike Wilson predicts better-than-expected earnings growth for next year, citing a rolling US … High (90%)
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Bloomberg
Economy Bloomberg
147d ago
JPMorgan CIO Michele Disagrees With Miran, Says Credit Is 'Too Loose'

Bob Michele, JPMorgan Asset Management’s global head of fixed income, says he disagrees with Federal Reserve Governor Stephen Miran about …

JPMorgan's global head of fixed income, Bob Michele, disagrees with Federal Reserve Governor Stephen Miran … High (70%)
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Bloomberg

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