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Seven & i Holdings' Strategy to Revitalize 7-Eleven Amid Takeover Threat

Oct 24, 2024 05:52 am UTC| Economy

Seven i Holdings to Focus on 7-Eleven Growth Amid Takeover Pressure Seven i Holdings is shifting its focus towards expanding its profitable 7-Eleven convenience stores as it fights off a $47 billion takeover bid from...

Southwest Airlines Near Settlement with Elliott Investment to Avoid Proxy Battle

Oct 24, 2024 05:47 am UTC| Economy

Southwest Airlines Close to Settlement with Elliott Investment to Avoid Proxy Fight Southwest Airlines (NYSE: LUV) is reportedly nearing a settlement with Elliott Investment Management to avoid a proxy battle over the...

Japan’s Business Activity Contracts in October as Both Manufacturing and Services Sectors Decline

Oct 24, 2024 05:37 am UTC| Economy

Japans Business Activity Shrinks in October: PMI Data Preliminary data from the au Jibun Bank showed Japans business activity contracted in October 2024, with both manufacturing and services sectors shrinking. This...

SK Hynix Posts $5 Billion Profit on AI-Driven Chip Demand, Surpassing Expectations

Oct 24, 2024 05:17 am UTC| Economy

SK Hynix Outperforms Q3 Profit Estimates, Fueled by AI Chip Demand SK Hynix Inc. announced a significant third-quarter profit, exceeding market expectations due to robust demand for its advanced memory chips used in...

Tesla Beats Q3 Estimates with Strong Margins, Predicts Growth in 2024 Deliveries

Oct 24, 2024 04:46 am UTC| Economy

Tesla Beats Q3 Estimates, Forecasts 2024 Delivery Growth Tesla delivered third-quarter results that exceeded Wall Street expectations, reflecting improved margins and stronger automotive sales. Despite challenges in the...

FxWirePro- Major Economic Events today

Oct 24, 2024 04:44 am UTC| Economy

Date Time (GMT) Currency Event Forecast Previous Oct 24 th 2024 7:30 am EUR German Flash...

Market Moves: Yen Drops Amid Political Turmoil, While Dollar Strengthens with Rate Expectations

Oct 24, 2024 04:22 am UTC| Economy Insights & Views

The Japanese Yen fell sharply this week as uncertainty around Japans upcoming snap election worried investors. The Yen dropped over 100 pips against the Dollar just yesterday, showing a strong decline. Japans Prime...

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Economy

U.S. Denies Plans to Use Venezuelan Oil to Refill Strategic Petroleum Reserve

The U.S. Department of Energy has denied reports that the federal government is considering using Venezuelan oil in an exchange with American oil companies to help refill the Strategic Petroleum Reserve (SPR). On Friday, a...

U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales

The United States is accelerating efforts to grant Chevron an expanded license for oil production in Venezuela, a move that could significantly reshape the countrys energy sector and global oil markets. U.S. Energy...

U.S. Stocks Finish Nearly Flat as Earnings Season Begins and Investors Eye Volatility

U.S. stocks ended nearly flat on Friday after a choppy trading session, as investors remained cautious ahead of a long holiday weekend and the early stages of fourth-quarter earnings season. Despite modest daily moves, all...

Australia Treasurer Backs RBA Governor’s Support for Fed Chair Jerome Powell Amid Independence Concerns

Australias Treasurer Jim Chalmers has publicly backed Reserve Bank of Australia (RBA) Governor Michele Bullock after she joined a group of global central bank leaders in expressing solidarity with U.S. Federal Reserve...

Asian Currencies Trade Narrowly as US Dollar Holds Near Six-Week High on Strong Data

Most Asian currencies traded within tight ranges on Friday, while the U.S. dollar remained firm near a six-week high, supported by strong U.S. economic data and fading expectations for imminent Federal Reserve rate cuts....

Politics

DOJ Sues Virginia Over Failure to Provide Full Voter Registration Records

The U.S. Justice Department has filed a lawsuit against the state of Virginia, alleging that state officials failed to comply with federal requirements to provide complete voter registration lists. According to a statement...

Trump Honored With Road Renaming Near Mar-a-Lago as His Name Expands Across U.S. Institutions

U.S. President Donald Trump marked the ceremonial renaming of a major roadway near his private club in Palm Beach, Florida, highlighting the continued expansion of initiatives, buildings, and programs bearing his name...

Trump Expands Investment Portfolio With $100M Bond Purchases Amid Conflict Questions

U.S. President Donald Trump disclosed the purchase of nearly $100 million in municipal and corporate bonds between mid-November and late December, according to newly released financial filings. The disclosures, posted late...

White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability

The White House has urged PJM Interconnection, the largest electric grid operator in the United States, to hold an emergency power auction to prevent rolling blackouts as electricity demand from data centers accelerates...

Trump Announces “Board of Peace” to Oversee Transitional Governance of Gaza

The White House on Friday officially announced the members of the so-called Board of Peace, a new international body proposed under President Donald Trumps plan to supervise the temporary governance of Gaza. The...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...

Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling

Alphabets Google has asked a federal judge to delay enforcing a key part of a landmark antitrust ruling that would require the company to share valuable search data with rivals, according to court filings submitted on...

Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion

Artificial intelligence startup Anthropic has appointed former Microsoft executive Irina Ghose as its Managing Director of India, signaling a major push into one of the worlds fastest-growing AI markets. The appointment...