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U.S. stock rally broadens as investors await Fed

Posted on August 30, 2024 by Financial Edge Daily

By David Randall NEW YORK (Reuters) – A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data…

Meta says its Llama AI models being used by banks, tech companies

Posted on August 30, 2024 by Financial Edge Daily

By Katie Paul NEW YORK – Meta’s Llama artificial intelligence models are being used by companies including Goldman Sachs and AT&T for business functions like customer service, document review and computer code…

Lockheed-Raytheon JV secures $1.3 billion Javelin missile contract from U.S. Army

Posted on August 30, 2024 by Financial Edge Daily

(Reuters) – A joint venture between Lockheed Martin and RTX’s Raytheon was awarded a $1.3 billion follow-on contract by the U.S. army for its Javelin missiles, which has played a major role…

Intel rises as report of chipmaker exploring options stokes investor enthusiasm

Posted on August 30, 2024 by Financial Edge Daily

(Reuters) – Intel’s shares rose more than 3% before the bell on Friday, as a report of the struggling chipmaker exploring options that could include a merger or a split induced some…

Israeli military says hostage rescued from Gaza tunnel in “complex operation”

Posted on August 27, 2024 by Financial Edge Daily

By James Mackenzie JERUSALEM (Reuters) -Israeli special forces have recovered an Israeli hostage from a tunnel in the southern Gaza Strip in “a complex rescue operation”, the military said on Tuesday, more…

Lilly launches smallest single-dose vials of Zepbound for $399

Posted on August 27, 2024 by Financial Edge Daily

By Patrick Wingrove (Reuters) -Eli Lilly said it has begun selling vials of the smallest, starter dose of its popular weight-loss drug Zepbound in the United States for $399 for a month…

Pot stocks fall as US DEA pushes cannabis reclassification hearing to December

Posted on August 27, 2024 by Financial Edge Daily

(Reuters) – Shares of cannabis companies sank on Tuesday after the U.S. Drug Enforcement Administration (DEA) postponed its cannabis reclassification hearing to Dec. 2, after the U.S. presidential election. The Department of…

Shares climb, oil slips amid Mideast risks and looming Nvidia earnings

Posted on August 27, 2024 by Financial Edge Daily

By Chibuike Oguh and Iain Withers NEW YORK/LONDON (Reuters) -A gauge of global shares climbed in choppy trading while oil prices slipped on Tuesday as investors weighed geopolitical risks as well as…

Factbox-SpaceX’s Polaris Dawn mission: Who are the astronauts doing the spacewalk?

Posted on August 26, 2024 by Financial Edge Daily

(Reuters) – SpaceX’s Polaris Dawn mission is poised to make history this week with the first privately managed spacewalk, a risky endeavour previously undertaken only by government astronauts . Two of the…

Trump tries to tie rival Harris to chaotic Afghanistan withdrawal

Posted on August 26, 2024 by Financial Edge Daily

By James Oliphant WASHINGTON (Reuters) – Republican presidential candidate Donald Trump used the third anniversary on Monday of the U.S. withdrawal from Afghanistan to try to pin the chaotic pullout on his…

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