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Monthly Archives: July 2023

India is now one of Apple’s top 5 iPhone markets for the first time

Tim Cook, Apple’s Chief Executive Officer (CEO) greets the media with folded hands outside the Apple store at Jio World Drive mall, Mumbai, India, April 18, 2023. Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images India became Apple’s fifth largest iPhone market in the second quarter, according to …

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Jim Cramer compares ARK’s Cathie Wood and BlackRock’s Larry Fink

CNBC’s Jim Cramer on Monday stressed his belief that diversification is key to a successful portfolio. Cramer looked at the strategies of ARK‘s Cathie Wood and BlackRock‘s Larry Fink to explain why he thinks diversification is usually the best strategy for long-term gains. related investing news “What we don’t want …

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Margrethe Vestager under fire for hiring an American citizen

Executive Vice President Margrethe Vestager is answering questions from lawmakers on considering giving a top job in her cabinet to a U.S. citizen. Thierry Monasse | Getty Images News | Getty Images Europe’s powerful competition chief, Margrethe Vestager, is under fire for hiring an American citizen for one of her …

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Bank of America (BAC) earnings 2Q 2023

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty Images Bank of America is set to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: …

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U.S. Cyber Trust labels will help consumers pick safer smart devices

Jackyenjoyphotography | Moment | Getty Images New labels proposed by the U.S. government could soon help consumers choose smart appliances and fitness trackers that it considers relatively secure from cyberattacks, the Biden administration announced on Tuesday. Internet-connected devices like refrigerators, TVs, microwaves and climate controls could bear the U.S. Cyber …

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Goldman Sachs cuts odds of a U.S. recession in the next year

Skyline of lower Manhattan and One World Trade Center in New York City and the Water’s Soul sculpture on July 11, 2023, in Jersey City, New Jersey. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images Goldman Sachs revised down the odds of a U.S. recession …

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France and Britain are battling it out for Europe’s AI crown

U.K. Prime Minister Rishi Sunak and French President Emmanuel Macron. Kin Cheung | Pool | Getty Images LONDON — Two countries are jockeying for position as Europe’s capital for artificial intelligence. Both French President Emmanuel Macron and British Prime Minister Rishi Sunak have made bold statements about AI in recent …

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China vows to ‘restore and expand’ consumption to boost growth

China’s top economic state planner vowed Tuesday to “restore and expand” consumption in a wide-ranging plan to bolster growth in the world’s second-largest economy Fred Lee | Getty Images News | Getty Images China’s top economic state planner vowed Tuesday to “restore and expand” consumption in a wide-ranging plan to …

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Most outsourced coders in India will go in 2 years

OpenAI Dall E 2 on a phone with an AI brain illustration seen on the screen behind. Jonathan Raa | Nurphoto | Getty Images Most outsourced programmers in India will see their jobs wiped out in the next year or two, Stability AI CEO Emad Mostaque said. Mostaque, on a …

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China deflation fears add to growth concerns; Wall Street downgrades

Fears are growing that China’s economy is tethering on the verge of deflation after yet another slate of underwhelming economic data July 17 provided more evidence that the stall in growth momentum may turn out more severe without more meaningful policy intervention. Xinhua News Agency | Xinhua News Agency | …

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