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CHANDRA ELURI
PsiQuantum valued at $7 billion in latest funding round, teams up with NvidiaPsiQuantum, a quantum computing startup, secured $1 billion in funding. The company's valuation now stands at $7 billion. PsiQuantum is par...- S&P Global downgrades Intel's credit rating on slow recovery, management changesThe departure of CEO Pat Gelsinger, who was critical to the Intel's integrated manufacturing strategy, also adds uncertainty to the executi...
- Amazon tops $1.8 billion ad-spending commitment target for video-streaming services: reportsThe spending commitments include ads on Prime Video and Amazon's live sports telecasts, such as the National Football League's Thursday Nig...
- Gold jumps to record high after US Fed delivers 50 bps rate cutGold prices reached an all-time high after the U.S. Federal Reserve cut interest rates by 50 basis points, weakening the dollar. Spot gold ...
- Gold eases as rate cut concerns counter geopolitical risksGold prices eased on Tuesday, as rising expectations of fewer U.S. rate cuts this year overshadowed safe-haven demand amid ongoing tensions...
- SAG-AFTRA union secures AI protections for artists in deal with major record labelsThe deal covers the five-year period from 2021 to 2026 and has been unanimously approved by the executive committee of SAG-AFTRA, which rep...
- Instacart raises IPO price range after robust Arm debutTraditional U.S. IPOs have raked in more than $5 billion so far in September, according to data from Dealogic, already the second biggest m...
- China's solar capacity expected to hit 1,000 GW by 2026: Rystad EnergyBeijing had set a goal of boosting the country's installed capacity of wind and solar power to more than 1,200 GW by 2030. China had instal...
- Disney drops to lowest in over three years as investors turn bearishTrading sentiment leaned toward bearish bets with put options that would guard against the stock slipping below 80 by mid-September and mid...
- Gold edges lower on prospects of hawkish Fed rate-hike pathGold prices declined slightly in early Asian trading due to a stronger U.S. dollar and concerns about potential interest rate hikes by the ...
- Alphabet shares fall on report Samsung may dump Google Search for BingThe report, published by the New York Times over the weekend, underscores the growing challenges Google's $162-billion-a-year search engine...
- European shares slip as ECB sticks to big rate hikesEuropean stocks erased their gains on Thursday as a 50-basis-point interest rate hike by the European Central Bank amid the crisis surround...
- Nasdaq misses quarterly profit estimates as subdued IPO market, expenses weighOperating expenses in the quarter rose nearly 3% to $557 million from a year earlier, as the company spent more on employees and business-r...
- HP to cut about 12% jobs by end of fiscal 2025The PC maker also forecast a lower-than-expected profit for the first quarter as it expects softness in both consumer and commercial demand.
- UK's Made group terminates talks with interested parties for potential saleThe company added it is no longer in receipt of funding proposals or any possible offers for a potential sale.
- Shriram Transport to raise 50 billion rupees in second half of FY23The non-banking finance company (NBFC) has already raised 50 billion rupees in the first half of this year and the additional funds raised ...
- Accenture forecasts upbeat full-year revenueShares of the company rose about 4% in light premarket trading.
- Netflix gets in trouble over controversial film 'Cuties' again, faces indictment in TexasNetflix said the charge was 'without merit' and that it stands by the film.
- Accenture forecasts current-quarter revenue below estimatesThe company estimates current-quarter revenue to be between $11.15 billion and $11.55 billion, compared with Wall Street estimates of $11.5...
- Gold prices hit all-time high, dampens retail demandLocal gold futures reached an all-time high of 49,996 rupees ($670.32) per 10 grams in early trade, taking their gains to 28% in 2020 after...
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