The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost 5% and, since durable goods orders are a leading indicator of manufacturing activity, then, if the expectations are confirmed, there might be some…
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The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services. Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…
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The company will pay a staggering $19m for its ESG misstatements and another $6m for the anti-mutual fund violation. After investigation, the SEC found that DWS issued deceptive statements about how it employs ESG factors when doing research and making recommendations. In view of the charges, the company did not follow sound policies and procedures…
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XS.com Group CEO, Mohamad Ibrahim, commented: We extend our heartfelt gratitude for being honoured with the prestigious Top Trusted Broker and Top Global CEO award at the Middle East Financial Markets Awards Ceremony. This recognition is a testament to our unwavering commitment to excellence and the trust our clients place in us. […] we…
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All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations. It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…
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In its last financial year, the company achieved more than $7bn in production in India. Apple has not yet responded to confirm these speculations. India is Apple’s base for the manufacture of iPhones. Rumours have it that the company also plans to start making Airpods in this country. In an earlier Bloomberg interview this month,…
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In a press release, TMGM noted that the partnership is a testament to the brokerage’s commitment to delivering exceptional experiences to its clients and supporters. Don’t miss out the latest news, subscribe to LeapRate’s newsletter TMGM’s CEO, Lee Yu, stated: We are incredibly excited to be the presenter for what promises to be an epic…
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Last week, the FinTech company acted as the Global Sponsor of the Traders Fair South Africa on 16 September, which aimed to network the various traditional banking, insurance, investment and alternative FinTech innovations across the globe. Commenting on XS.com’s upcoming sponsorship, Andreea Ilies, XS.com Global Head of Events, stated: The Fintech landscape in the UAE…
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The company is already dealing with a lawsuit, in which it is accused of transgressing privacy laws, in the United States. The UODO stated that the anonymous complainant alleged that OpenAI neglected to correct erroneous information produced by ChatGPT. The President of UODO, Jan Nowak, said: The case concerns the violation of many provisions on…
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The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…
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