The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost 5% and, since durable goods orders are a leading indicator of manufacturing activity, then, if the expectations are confirmed, there might be some…
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The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services. Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…
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XS.com Group CEO, Mohamad Ibrahim, commented: We extend our heartfelt gratitude for being honoured with the prestigious Top Trusted Broker and Top Global CEO award at the Middle East Financial Markets Awards Ceremony. This recognition is a testament to our unwavering commitment to excellence and the trust our clients place in us. […] we…
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All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations. It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…
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In its last financial year, the company achieved more than $7bn in production in India. Apple has not yet responded to confirm these speculations. India is Apple’s base for the manufacture of iPhones. Rumours have it that the company also plans to start making Airpods in this country. In an earlier Bloomberg interview this month,…
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Last week, the FinTech company acted as the Global Sponsor of the Traders Fair South Africa on 16 September, which aimed to network the various traditional banking, insurance, investment and alternative FinTech innovations across the globe. Commenting on XS.com’s upcoming sponsorship, Andreea Ilies, XS.com Global Head of Events, stated: The Fintech landscape in the UAE…
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The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…
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In a recent press release, Mont Royal noted that with new groundwork intelligence, the exploration program is set to begin with 8 target areas that show significant promise for lithium exploration. A comprehensive analysis of the Wapatik property has identified approximately 30 distinct targets. These targets are believed to correspond to outcropping pegmatites. Notably, several…
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To top this, FP Markets also won the best broker in Europe and the best partners programme in Asia twice in a row. Other prominent industry accolades include an award for best CFD broker in Africa, awarded at the FAME Awards 2023, and the best trade execution and most transparent broker awards, awarded at the…
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This IPO is not only the largest of the year but also the largest in the past two years. Since the Rivian IPO, nothing has made a market splash like Arm since 2021. Palpable excitement among investors boosted the Dow Jones by more than 330 points. Softbank, Arm’s parent company, acquired the chip maker for…
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