Category: finance
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Wall Street Hits Record Highs as Cooler Inflation Data Fuels Rate Cut Bets
📈 U.S. Stocks Rally on Inflation Data and Tech Earnings Wall Street indexes surged to record highs on Friday following cooler-than-expected U.S. inflation data and strong corporate earnings, particularly from the semiconductor and tech sectors. The data fueled investor optimism for faster Federal Reserve rate cuts, lifting major indices across the board. “It’s quite positive……
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US Companies Struggle as Economic Divide Widens Between Wealthy and Lower-Income Consumers
2025 🇺🇸 Economic Divide Deepens Across Corporate America U.S. companies are grappling with growing financial strain as the gap between affluent and lower-income consumers widens, reshaping spending habits and profitability across industries. Executives from leading brands like Coca-Cola, Procter & Gamble, Target, and O’Reilly Automotive have all noted a concerning trend — lower-income households are…
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Lazard Surpasses Q3 Profit Estimates Amid Dealmaking Revival and Asset Management Growth
Lazard Exceeds Q3 Profit Forecast as M&A and Asset Management Surge Lazard Surpasses Q3 Profit Estimates Amid Global Dealmaking Revival October 23, 2025 — Global financial advisory and asset management firm Lazard Ltd (NYSE: LAZ) outperformed Wall Street expectations for its third-quarter profit, driven by a sharp rebound in mergers and acquisitions (M&A) and record…
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MercadoLibre Partners with Casas Bahia to Expand Product Offerings in Brazil
MercadoLibre and Casas Bahia Announce Strategic Partnership to Boost E-Commerce in Brazil SAO PAULO, October 23, 2025 — Latin American e-commerce giant MercadoLibre (MELI.O) announced a new long-term commercial partnership with Brazilian retail leader Casas Bahia (BHIA3.SA) that will allow MercadoLibre to sell Casas Bahia’s products directly on its platform starting in November 2025. The…
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Eli Lilly Partners with Cipla to Launch Blockbuster Weight-Loss Drug Yurpeak in India
Eli Lilly and Cipla Join Forces to Launch New Weight-Loss Drug “Yurpeak” in India BENGALURU, October 23, 2025 — In a major development for India’s pharmaceutical and healthcare sectors, Eli Lilly and Company (LLY.N) has entered into a strategic partnership with Indian drugmaker Cipla Ltd. (CIPL.NS) to market its globally popular weight-loss and diabetes treatment…
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Indian Rupee Holds Steady as Dollar Selling Offsets Importer Hedging; RBI Seen Defending Key 88 Level
Rupee Trades in Tight Range Amid Mixed Market Forces MUMBAI, October 23, 2025 — The Indian rupee remained trapped in a narrow trading range on Thursday, as foreign equity inflows and dollar-selling by state-run banks balanced out importer hedging demand for the U.S. dollar. The local currency eventually closed marginally higher, continuing its recent pattern…
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Wall Street Futures Flat After Tesla and IBM Earnings Misses; Investors Eye U.S.-China Trade Tensions and Inflation Data
Wall Street Futures Muted as Tesla and IBM Results Disappoint Investors NEW YORK, October 23, 2025 — U.S. stock futures were subdued on Thursday, as disappointing earnings from Tesla and IBM weighed on investor sentiment. Meanwhile, escalating U.S.-China trade tensions and a lack of key economic data due to the ongoing government shutdown added to…
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Atlas Copco Reports Slight Profit Decline, Maintains Stable Outlook for Global Demand
Atlas Copco’s Q3 Profit Dips Less Than Expected, Demand Seen Steady Short-Term STOCKHOLM, October 23, 2025 — Swedish industrial powerhouse Atlas Copco (ATCOa.ST) reported a slight decline in third-quarter profit on Thursday, though the results came in better than analysts expected. The company said that global customer demand remains stable in the short term, signaling…
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Swiss National Bank Holds Rates Steady, Confident Inflation Will Stay in Check
Swiss National Bank Maintains 0% Rate, Expresses Confidence in Inflation Outlook ZURICH, October 23, 2025 — The Swiss National Bank (SNB) remains confident that inflation will stay within its 0–2% target range, according to the minutes of its most recent monetary policy meeting released on Thursday. The central bank reiterated that there was no need…
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IBM Shares Slide as Cloud Growth Slows, Raising Investor Concerns Over AI and Hybrid Cloud Strategy
IBM Shares Fall on Slower Cloud Growth and Investor Jitters NEW YORK, October 23, 2025 — International Business Machines Corp (IBM) shares tumbled nearly 7% in premarket trading on Thursday after reporting slower growth in its core cloud software division, triggering anxiety among investors about Big Blue’s ability to maintain momentum in the fast-expanding AI…
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