Business - Page 3

Fed Signals Rate Hike as Inflation Surges to 4.2 Percent Business

Fed Signals Rate Hike as Inflation Surges to 4.2 Percent

The Federal Reserve signaled a possible rate hike under new Chair Kevin Warsh as inflation hit 4.2 percent, while SpaceX announced a 60 billion dollar acquisition of AI startup Cursor.

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Fed Chair Warsh Presides Over First FOMC Meeting as Markets Brace for Potential Rate Hikes Business

Fed Chair Warsh Presides Over First FOMC Meeting as Markets Brace for Potential Rate Hikes

Fed Chair Kevin Warsh presides over his first FOMC meeting as markets shift from expecting rate cuts to potential hikes, while Bank of America's market-peak indicator hits 70 percent.

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300 Billion Dollar Iran Reconstruction Fund Sparks Global Dispute Business

300 Billion Dollar Iran Reconstruction Fund Sparks Global Dispute

The US-Iran peace deal includes a potential 300 billion dollar reconstruction fund for Iran, with VP Vance insisting Gulf states will foot the bill while Iran views the fund as de facto war reparations, triggering an international debate over financing and conditions.

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Global Markets Surge and Oil Plunges as US-Iran Peace Deal Reopens Strait of Hormuz Business

Global Markets Surge and Oil Plunges as US-Iran Peace Deal Reopens Strait of Hormuz

Stock markets across Asia soared with Japan's Nikkei up 5.5 percent and South Korea's Kospi jumping 5.7 percent, while Brent crude fell more than 4 percent toward 83 dollars per barrel following the announcement of the US-Iran peace agreement.

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FIFA World Cup 2026 Ticket Price Crisis Sparks Outrage as Empty Seats Fill Stadiums Business

FIFA World Cup 2026 Ticket Price Crisis Sparks Outrage as Empty Seats Fill Stadiums

FIFA faces backlash over dynamic pricing model as empty seats appear across venues despite claims of near-capacity attendance, with ticket prices up fivefold from the 2022 Qatar World Cup.

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Markets Rally and Oil Drops as Iran Peace Deal Raises Hopes for Hormuz Reopening Business

Markets Rally and Oil Drops as Iran Peace Deal Raises Hopes for Hormuz Reopening

Stocks extended gains and oil fell sharply as investors bet on a US-Iran peace deal that could reopen the Strait of Hormuz and lift sanctions on Iranian crude exports.

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US Inflation Hits 4.2 Percent, Highest in Over Three Years, as Gasoline Prices Surge Business

US Inflation Hits 4.2 Percent, Highest in Over Three Years, as Gasoline Prices Surge

US consumer prices rose 4.2 percent over the past year, the highest in over three years, with gasoline prices surging 40.5 percent as the Iran conflict disrupts global oil supply.

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China Drafts $295 Billion Plan to Build Nationwide AI Data Center Network Business

China Drafts $295 Billion Plan to Build Nationwide AI Data Center Network

China is drafting a five-year plan to invest $295 billion in AI data centers, mandating 80% domestic technology including Huawei while squeezing out Nvidia and AMD.

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Anthropic Files Confidential IPO Registration Amid $965 Billion Valuation Business

Anthropic Files Confidential IPO Registration Amid $965 Billion Valuation

Anthropic has confidentially filed for an IPO with the SEC, aiming for a valuation of up to $1.8 trillion after a $65 billion funding round lifted its private valuation to $965 billion.

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US Adds 172,000 Jobs in May, Doubling Expectations as Unemployment Holds Steady Business

US Adds 172,000 Jobs in May, Doubling Expectations as Unemployment Holds Steady

Nonfarm payrolls increased by 172,000 in May, far exceeding economist forecasts of 85,000, while the unemployment rate remained at 4.3 percent amid mixed signals across financial markets.

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Oil Stockpiles Decline for Sixth Consecutive Week as Strait of Hormuz Crisis Deepens Business

Oil Stockpiles Decline for Sixth Consecutive Week as Strait of Hormuz Crisis Deepens

Crude oil commercial stockpiles fell by 8 million barrels last week, the sixth straight weekly decline, as the ongoing Strait of Hormuz crisis continues to disrupt global energy markets.

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Micron Technology Surpasses One Trillion Dollar Market Capitalization Amid AI Chip Demand Surge Business

Micron Technology Surpasses One Trillion Dollar Market Capitalization Amid AI Chip Demand Surge

Micron shares jumped 19 percent to push the memory chip maker past the trillion-dollar milestone as explosive AI infrastructure spending fuels a historic tech rally.

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