Category: Include on Menu
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Italy probes Microsoft sales methods tied to ‘Call of Duty’ and ‘Diablo’ games
Italy’s competition authority said on Friday it has opened investigations into Microsoft’s (NASDAQ:MSFT) Activision Blizzard division over what it described as allegedly “misleading and aggressive” sales practices linked to the video games “Diablo Immortal” and “Call of Duty Mobile”. The watchdog, which is also responsible for enforcing consumer protection rules, said the company was “operating…
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Report: Ferrari family free to sell up to 5% stake without breaching shareholder pact
Members of the Ferrari (NYSE:RACE) family are permitted to sell up to 5% of their holding in the luxury carmaker without invalidating an existing shareholder agreement, according to a report by Italian daily Il Sole 24 Ore. Citing documents linked to a newly updated pact between key Ferrari shareholders Exor and Piero Ferrari, the newspaper…
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Boeing strikes provisional labor pact with 1,600 technical staff
Boeing Co. (NYSE:BA) has secured a tentative labor agreement with SPEEA, the union that represents about 1,600 technical employees who joined the aerospace group following its acquisition of Spirit AeroSystems Holdings Inc. last year. According to a statement issued by SPEEA on Thursday, the proposed contract includes a $6,000 ratification bonus and a 20% increase…
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Oil edges higher as traders assess supply threats
Oil prices posted modest gains on Friday as investors continued to evaluate potential supply risks, even as fears of an imminent U.S. military strike on Iran faded. Brent crude added 5 cents, or 0.1%, to $63.81 a barrel, while U.S. West Texas Intermediate increased by 8 cents, or 0.1%, to $59.27 a barrel by 0749…
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Gold steadies below peak levels after robust U.S. jobs data; weekly gain still in sight
Gold prices were mostly unchanged on Friday, remaining below the record highs reached earlier in the week, as strong U.S. employment data cooled expectations for near-term Federal Reserve interest rate cuts. At the same time, easing geopolitical tensions surrounding Iran reduced demand for traditional safe-haven assets. Spot gold was last down 0.1% at $4,608.55 an…
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Futures edge up as TSMC results reignite AI momentum; banks in focus: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures tied to the major benchmarks traded modestly higher after robust earnings from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) lifted sentiment in the prior session. Shares of the world’s largest contract chipmaker advanced in Taiwan, while investors turned their attention to a fresh batch of U.S. bank earnings. In commodities, gold eased from record…
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Lithium shortage grows: How BYD, NEO Battery Materials, and DroneShield are benefiting
A new era of scarcity is dawning. Lithium prices are skyrocketing. As lithium becomes the strategic oil of the 21st century, entirely new technologies are fueling the appetite for energy. Electric mobility, drones, robotics, and AI all have one thing in common: they are driving up demand for energy storage systems that need to be…
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U.S. Stocks Pull Back Off Best Levels But Still Close Higher
After turning in a strong performance for much of the session, stocks gave back some ground in the latter part of the trading day on Thursday but managed to remain mostly higher. The major averages all ended the day in positive territory, regaining some ground following the pullback seen over the two previous sessions. The…
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Talen Energy gains after announcing $3.45 billion gas plant acquisition
Talen Energy Corporation (NASDAQ:TLN) shares rose about 5% on Thursday after the company said it will acquire three natural gas-fired power plants from Energy Capital Partners in a deal valued at $3.45 billion. The transaction will add roughly 2.6 gigawatts of natural gas generation capacity to Talen’s portfolio through the purchase of the Waterford Energy…
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First Horizon slides despite fourth-quarter earnings topping estimates
First Horizon Corporation (NYSE:FHN) reported fourth-quarter earnings on Thursday that beat analyst expectations, but shares fell nearly 5% in premarket trading as investors weighed margin pressure and loan growth dynamics. The regional lender posted earnings per share of $0.52, above consensus estimates of $0.46. Net income available to common shareholders totaled $257 million, up 1%…