Category: Top Story
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Baidu to Deploy Fully Autonomous Robotaxis in Dubai by Early 2026
Baidu (NASDAQ:BIDU) is set to launch fully driverless robotaxi services in Dubai by the first quarter of 2026, marking a major step in the Chinese tech company’s expansion of autonomous vehicle operations outside of China. Liang Zhang, managing director of EMEA at Baidu’s Apollo Go division, revealed Thursday that the company has finalized an agreement…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise Ahead of PCE Data as Trump Announces Tariffs
U.S. stock futures climbed slightly Friday as investors positioned themselves ahead of a crucial inflation reading that could influence Federal Reserve decisions on interest rates later this year. President Donald Trump also revealed a new set of tariffs, including levies on branded and patented pharmaceuticals, while media reports indicated the administration is considering policies to…
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U.S. Dollar Eyes Weekly Gain as PCE Inflation Data Approaches
The U.S. dollar held steady Friday, following a sharp advance the previous session, as markets awaited the Federal Reserve’s preferred measure of inflation. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against six major currencies, slipped 0.1% to 98.090 after posting a 0.6% gain on Thursday. The index is on track…
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Gold Stabilizes as Tariff Risks Boost Safe-Haven Demand; Markets Await U.S. PCE Data
Gold prices remained largely unchanged in Asian trading Friday, steadying after recent declines from record highs as new U.S. tariff measures kept investors leaning toward safe-haven assets. The market’s attention is turning to upcoming U.S. inflation figures, which have helped maintain interest in gold. Despite posting a series of record highs in recent weeks, the…
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Oil Set for Three-Month High as Russia Limits Fuel Exports
Oil prices edged upward on Friday, poised for their largest weekly gain in three months, as Ukrainian attacks on Russian energy infrastructure prompted Moscow to restrict fuel shipments and brought it close to cutting crude production. Brent futures increased by 21 cents, or 0.3%, to $69.63 a barrel by 0635 GMT, while U.S. West Texas…
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IBM Shares Climb After HSBC Completes Quantum-Enhanced Bond Trading Trial
IBM (NYSE:IBM) shares rose 3.3% Thursday morning following news that HSBC (NYSE:HSBC) successfully executed the world’s first quantum-enabled algorithmic trading trial using IBM’s quantum computing technology. The collaboration showed a up to 34% improvement in predicting the success rate of customer inquiries in the European corporate bond market, compared with traditional classical computing methods. The…
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Starbucks Moves Forward with Restructuring, Plans Job Cuts and Store Closures
Starbucks (NASDAQ:SBUX) announced Thursday a major restructuring initiative that will eliminate roughly 900 positions across its operations. As part of the plan, the coffee chain will close select coffeehouses and reduce its non-retail workforce and operating expenses, aiming to streamline operations and improve efficiency. The company estimates that restructuring costs will total approximately $1 billion,…
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Accenture Exceeds Q4 Expectations, Projects Strong Fiscal 2026 Performance
Accenture (NYSE:ACN) reported quarterly results that beat analyst expectations and issued guidance well above Wall Street projections. Shares of the tech consultancy showed volatility in premarket trading, moving between gains and losses following the earnings release. For the fourth quarter, Accenture posted earnings of $3.03 per share, exceeding the consensus estimate of $2.97. Revenue reached…
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Google to Take Equity Stake in Cipher Mining in AI Hosting Partnership
Google (NASDAQ:GOOG) is set to acquire warrants to purchase roughly 24 million shares of Cipher Mining (NASDAQ:CIFR) as part of a 10-year AI hosting collaboration involving Cipher and Fluidstack. The warrants would give Google an estimated 5.4% pro forma ownership of Cipher Mining. Additionally, Google will provide support for $1.4 billion of Fluidstack’s lease obligations,…
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Nvidia’s Path Gets “Complicated” Amid Wave of Strategic Investments, Yardeni Says
The story around Nvidia (NASDAQ:NVDA) is becoming “messy” as the AI-focused chipmaker pours substantial capital into smaller firms that also happen to be its clients, according to analysts at Yardeni Research. In a research note, Yardeni’s team highlighted that, while Nvidia has the financial resources to support these ventures, the company’s success is increasingly “closely…