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Market’s tech focus is ‘shortsighted,’ with a broader bull run coming, portfolio manager says

May 18, 2023 by admin

The market’s affinity for Big Tech stocks this year is shortsighted, according to portfolio manager Freddie Lait, who said the next bull market phase will broaden out.

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Microsoft CEO Nadella talks concerns around A.I. and its impact on jobs, education

May 17, 2023 by admin

Microsoft CEO Satya Nadella discussed AI in a wide-ranging interview with CNBC’s Andrew Ross Sorkin Tuesday.

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DOJ charges former Apple engineer with alleged theft of autonomous car tech for China

May 16, 2023 by admin

The software engineer fled to China the same day his home was searched, and allegedly stole or attempted to steal Apple’s “entire” autonomous source code.

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EU approves Microsoft’s $69 billion acquisition of Activision Blizzard, clearing huge hurdle

May 15, 2023 by admin

Microsoft offered remedies in cloud gaming to earn the approval of European Union regulators for the $69 billion Activision Blizzard acquisition.

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Turkey votes in crunch election as President Erdogan faces greatest threat to his 20-year rule

May 14, 2023 by admin

For the presidency — which is expected to be close — if no candidate wins more than 50%, the vote goes to a run-off two weeks later.

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Google staffers praise engineers for I/O, poke fun at execs because they ‘just kept saying A.I.’

May 13, 2023 by admin

Google shares jumped after the company’s developer conference this week, and employees were quick to give the credit to engineers.

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U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

May 12, 2023 by admin

Tax revenues and emergency measures after June 15 will let Treasury “continue financing operations through at least the end of July,” said the CBO.

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Bank of England chief Bailey defends record growth upgrade, admits communication error

May 11, 2023 by admin

Bank of England Governor Andrew Bailey on Thursday defended an about-turn in the bank’s U.K. growth forecast.

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Inflation rate eases to 4.9% in April, less than expectations

May 10, 2023 by admin

The consumer price index was expected to rise 0.4% in April, according to Dow Jones.

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German regulator warns of a ‘nervous time’ for banks, predicts stress in the property market

May 9, 2023 by admin

The banking sector has been under the spotlight since March with the collapse of Silicon Valley Bank and the rescue of several other embattled lenders.

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