Wall Street
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Amazon’s stock value has crossed US$2 trillion, driven by AI investmentsAmazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion.MoneyJun 26
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Netflix beats subscriber targets, but revenue falls short of forecastNetflix said it will stop reporting subscriber additions each quarter starting with the first quarter of 2025 and instead will announce them only when major milestones are reached.ConsumerApr 18
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NYCB secures US$1B investment as U.S. regional bank faced financial pressureHudson Bay Capital, Reverence Capital Partners, Citadel Securities, other institutional investors and certain members of the bank's management also participated.ConsumerMar 6
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Microsoft beats Q2 estimates with help from AI featuresInvestors are watching Microsoft's Azure and Office revenues closely to see what sales flow from the money the company plans to pour into data centers to deliver generative AI.ConsumerJan 30
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Google parent Alphabet’s holiday ad sales disappoint, shares dropAlphabet has faced tough competition for ad budgets from other online platforms such as Facebook, Instagram, TikTok and Amazon.com, alongside mixed economic signals in the U.S.ConsumerJan 30
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Wall Street sees record high following inflation scarsThrough many cycles in history, the Federal Reserve has helped induce recessions through such increases to interest rates and there was expectation last year it may happen again.ConsumerJan 19
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The U.S. credit rating has been downgraded again. What does that mean?Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.U.S. NewsAug 2, 2023
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Global stock markets waver to start 2023 after a year of lossesComing off a year of big declines for major stock markets, traders worry central banks might be willing to push the world into recession to cool inflation.MoneyJan 3, 2023
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Stocks fall as COVID-19 lockdown protests in China spreadStocks fell in afternoon trading on Wall Street Monday as protests spread in China calling for President Xi Jinping to step down amid growing anger over COVID-19 restrictions.EconomyNov 28, 2022
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Wall Street closes sharply higher, marking 1st weekly winning streak since AugustThe S&P 500 rose 2.5% Friday and marked its first back-to-back weekly gain since August.MoneyOct 28, 2022
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