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Inflation concerns pull rug out from Wall Street rally
US survey data rekindled inflation concerns and rising bond yields helped pull the rug out from under a rally on Wall Street on Tuesday.US stocks finished firmly lower, while yields on the popular 10-year US Treasury rose. “A much stronger-than-expected rise in US services prices sent shivers through US stocks,” said market analyst Axel Rudolph at …
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Stock markets mostly rise on US optimism
Global stock markets mostly moved higher on Tuesday, with tech and tariffs in the spotlight.Traders were still assessing the tariff plans of incoming US president Donald Trump following a report he may take a more targeted approach than previous stated.”After a sluggish December, US stocks have kicked off the year in style, with tech and semiconductors stealing …
Microsoft announces $3 bn AI investment in India
Microsoft CEO Satya Nadella on Tuesday said the company plans to invest $3 billion in India on artificial intelligence (AI) and cloud infrastructure over the next two years. The world’s most populous country has become a key AI battleground in the last few years, as US tech giants look to find new users for their services …
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