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Elliott builds over $2.5 billion stake in Phillips 66, seeks operational changes, source says
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Elliott builds over $2.5 billion stake in Phillips 66, seeks operational changes, source says
Elliott plans to push Phillips 66 to sell or spin off its midstream business, the person said. In March last year, Elliott accepted the performanc...
SLX Shines as US Steel Stocks Rise on New Tariffs
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SLX Shines as US Steel Stocks Rise on New Tariffs
Reduced competition may lead to higher market share for domestic steel companies.
Prediction: Nvidia Stock Is Going to Surge After Feb. 26
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Prediction: Nvidia Stock Is Going to Surge After Feb. 26
Since the beginning of 2023, Nvidia (NASDAQ: NVDA) has added a whopping $2.8 trillion to its market capitalization on the back of soaring demand fo...
Oil prices climb to 2-week high on supply worries, US tariffs check gains
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Oil prices climb to 2-week high on supply worries, US tariffs check gains
Oil prices edged up to a two-week high on Tuesday as sanctions raised concerns about Russian and Iranian oil supplies and on rising Middle East ten...
Dollar falls as tariff concerns ease, Fed's Powell stays patient on rate cuts
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Dollar falls as tariff concerns ease, Fed
(Reuters) -The U.S. dollar fell on Tuesday as Federal Reserve Chair Jerome Powell said the U.S. central bank was in no rush to cut its short-term i...
Bain Capital says it may withdraw tender offer proposal for Fuji Soft
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Bain Capital says it may withdraw tender offer proposal for Fuji Soft
TOKYO (Reuters) -U.S. private equity firm Bain Capital said it may withdraw its tender offer proposal for Japanese IT firm Fuji Soft, after rival s...
Australia business confidence improves even as conditions slacken, survey says
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Australia business confidence improves even as conditions slacken, survey says
A measure of Australian business activity eased in January as sales and profits softened, a survey showed on Tuesday, though confidence got a boos...
DoorDash tops quarterly revenue estimates on strong online orders during holidays
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DoorDash tops quarterly revenue estimates on strong online orders during holidays
(Reuters) -DoorDash topped analysts
Moonshot firm ispace upbeat as Trump keeps Artemis lunar missions with Japan
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Moonshot firm ispace upbeat as Trump keeps Artemis lunar missions with Japan
Tokyo-based moon exploration company ispace is heartened by signs the United States and Japan will remain on course for joint lunar missions, its C...
China's Mixue seeks US$500 million in Hong Kong IPO after Guming's share sale
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China
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holding...
Lyft's first-quarter bookings forecast pressured by fierce competition with Uber
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Lyft
(Reuters) -Lyft forecast current-quarter gross bookings below estimates on Tuesday, as its jostles for more riders with larger rival Uber Technolog...
BlackRock Debuts Energy Storage and Hydrogen ETF
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BlackRock Debuts Energy Storage and Hydrogen ETF
The asset-management giant is introducing UCITS, an ETF that will include products tracking the energy storage industry.
UK job ads most likely in Europe to include salary details
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UK job ads most likely in Europe to include salary details
British employers are the most likely among those in major European countries to include salary details when they advertise a job, with 71% doing s...
US consumer bureau upheaval leaves consumers adrift, experts say
US consumer bureau upheaval leaves consumers adrift, experts say
The Trump administration
Elon Musk reportedly offers $97.4 billion for OpenAI, Sam Altman says 'no thank you'
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Elon Musk reportedly offers $97.4 billion for OpenAI, Sam Altman says
OpenAI CEO Sam Altman shot down an unsolicited offer by Elon Musk to purchase OpenAI for $97.4 billion.
Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says 'no thank you'
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Elon Musk-led group proposes buying OpenAI for $97.4 billion. OpenAI CEO says
A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial ...
Australian consumers stay cautious in February, survey says
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Australian consumers stay cautious in February, survey says
Australian consumer sentiment remained in the doldrums in February, a survey showed on Tuesday, failing to benefit from slowing inflation or specul...
Valuation risks loom large over Australia's top bank CBA's first-half earnings
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Valuation risks loom large over Australia
Commonwealth Bank of Australia
Morning Bid: Seeking clarity in tariff 'fake news' blizzard
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Morning Bid: Seeking clarity in tariff
There are pockets of weakness, of course, where the waves of U.S. tariffs are likely to crash hardest. But considering the backdrop of U.S. Presid...