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Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Autodesk has been under deep scrutiny over an accounting scandal that led to the resignation of its CFO over potentially inflated financial metrics.
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Malaysia is emerging as a data center powerhouse amid booming demand from AI
According to DC Byte’s 2024 Global Data Centre Index, the city of Johor Bahru is the fastest growing data center market in Southeast Asia.
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Forget Nvidia: Wealth manager for the ultra-rich names 3 global stocks to buy instead
Dhruba Jyoti Sengupta of Wrise Private Middle East is looking beyond investor darling Nvidia, naming three global stocks he prefers right now.
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Fed’s Kashkari says it’s ‘reasonable’ to predict a December rate cut
Minneapolis Fed President Kashkari said it’s a “reasonable prediction” that the U.S. central bank will cut rates once this year, waiting until December.
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China May retail sales beat expectations, but industrial output and fixed asset investment missed
However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts.
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$155 million debut for ‘Inside Out 2’ is biggest since ‘Barbie’ and second best ever for Disney’s Pixar
The success is significant for Pixar, marking a much-needed return to form for a studio that has had a string of underwhelming launches.
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Electricity prices in France turn negative as renewable energy floods the grid
French day-ahead power fell to -€5.76 a megawatt-hour, the lowest in four years, in an auction on Epex Spot.
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Top Wall Street bear surrenders to bull market and flips forecast, now seeing the S&P 500 soaring to 6,000 by year-end
“Today, GenAI’s potential in every job and sector is inflecting. The backdrop of slowing inflation, a Fed intent on cutting rates and growth support Goldilocks.”