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Broadcom says it will sell $12 billion in AI parts and custom chips this year
Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024.
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China, India and more: Veteran investor shares his take on emerging markets right now
Is it time to invest in emerging markets? One investor has strong views.
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Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
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Paramount’s Redstone to receive around $530 million between severance, benefits and sale
Redstone holds a 20% stake in National Amusements and is in line to receive about $350 million from its sale.
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Fired CFO alleges bank invented relationship story as reason to force her out
Nadine Ahn claims she and Ken Mason, a former bank executive, were nothing more than “good friends,” and Ahn never abused her power to orchestrate pay raises for him.
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Salesforce to acquire startup Own for $1.9 billion in cash
Salesforce’s deal machine is clearly working again, following announcements about small acquisitions such as PredictSpring and Tenyx.
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The Fed won’t save stocks, sell the first rate cut, says Stifel
“Fed cuts are a red herring,” Stifel strategists said. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.’”
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Deutsche Bank CEO urges Germans to work harder to pull the country out of its economic lull
“We simply have to tell our fellow citizens that we have to do more again,” Deutsche Bank’s Christian Sewing said.