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Magnificent Seven stocks lost $2.3tn in Wall Street tech rotation
Marketers turn to chipmakers who are benefiting from hyperscalers’ more AI Source link
التصنيف Business
High-powered AI users add employees faster than their peers
A survey of 22,000 US companies refutes fears that AI development could lead to job losses Source link
EY employees have been accused of accessing the Australian Prime Minister’s bank details
Two men aged between 21 and 25 were referred to the country’s largest lender when the alleged incident took place Source link
China’s youth are choosing life in the ‘big cities’
Urban losers are creating the empty towers that remain of the world’s tallest building. Source link
Foreign investors fear that Japan is lagging behind in reform
The pendulum is ‘swinging back in the financial world’, warns one business executive Source link
Yen falls to lowest level in 40 years
The Japanese currency fell ¥162 to the dollar as the Federal Reserve’s hawkish stance intensified Source link
Chinese exile Miles Guo sentenced to 30 years in prison for $550mn fraud
The businessman fled to the US saying he was being persecuted and joined the Maga group Source link
Maersk raises profit guidance as new US oil prices hit
American companies are scrambling to stock up before the tax returns Source link
Supermicro Taiwan’s offices were involved in a weapons smuggling investigation
Shares of the server maker fell nearly 8% after news of the survey Source link
The ECB should not fight inflation with ‘the same force’ as in 2022-2023, says Lagarde.
The president of the central bank indicates that interest rates may be low Source link
