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EU requests info from YouTube, Snapchat, TikTok on content algorithms

PARIS (Reuters) – The EU Commission requested information on Wednesday from YouTube, Snapchat and TikTok on the parameters used by their algorithms to recommend content to users and their role…

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Middle East uncertainty after Iran attack makes for tricky trading

By Amanda Cooper LONDON (Reuters) -Iran’s attack on Israel has rekindled the allure of safe havens and oil has surged, but with no clarity yet on how the Middle East…

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Nike shares dip as forecast withdrawal worries investors about turnaround timeline

(Reuters) – Nike (NYSE:NKE) shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround…

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Mercado Libre shares fall after JP Morgan downgrade citing credit, cost concerns

Investing.com — Shares of Mercado Libre (BMV:MELIN) (NASDAQ:MELI) were down 2% on Wednesday following a downgrade by JP Morgan. Previously rated as “overweight,” JP Morgan revised its stance on Mercado…

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Apple app store revenue grew 14% year-on-year in Sept: BofA

Investing.com — Apple (NASDAQ:AAPL)’s App Store revenue rose 14% year-over-year (y/y) in September, according to a report from Bank of America. The bank said in a note Wednesday that the…

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Sensex, Nifty 50 rebound as IT and auto stocks lead recovery; metal index retreats

After two days of profit booking, India’s domestic equity markets opened on a positive note on October 1, led by gains in IT, energy, and auto stocks. The Sensex rose…

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SMCI joins Nvidia, Broadcom in list of semiconductor giants choosing stock splits, here’s why

Super Micro Computer (SMCI), a leader in semiconductor technology, officially joined the growing trend of tech companies executing stock splits. The company announced a 10-for-1 stock split, which took effect…

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AI chipmaker Cerebras Systems files for IPO to challenge Nvidia, records threefold revenue jump

AI chip startup Cerebras Systems has filed for an initial public offering (IPO), signaling its ambition to compete with industry giant Nvidia. Cerebras Systems reported more than a threefold increase…

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Rolls-Royce share price surged: is Tufan Erginbilgiç just lucky?

Rolls-Royce (LON: RR) share price has gone parabolic this year, rising by 80%, making it one of the best performers in the FTSE 100 index. It has surged by more…

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PepsiCo nearing $1 billion acquisition deal for Siete Foods?

PepsiCo Inc. (PEP.O) is in advanced discussions to purchase Texas-based tortilla-chip maker Siete Foods for more than $1 billion, according to sources cited by the Wall Street Journal. The Garza…

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