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ASML’s lowered forecast suggests factory overcapacity, not chip doom

By Max A. Cherney and Stephen Nellis (Reuters) – ASML (AS:ASML)’s deep forecast cuts that sparked a global tech stock selloff signal…

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Economy

PIMCO says UK budget unlikely to shock markets, gilts look attractive

By William Schomberg and David Milliken LONDON (Reuters) – Britain’s new government is unlikely to upset investors in its first budget this…

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Stock

BofA sees biggest jump in investor optimism, growth expectations since 2020

Investing.com — Investor sentiment has surged to its highest level since mid-2020, according to Bank of America’s October Global Fund Manager Survey. The…

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Stock

Emirates orders more Boeing 777F freighters, sources say

PARIS (Reuters) – Dubai’s Emirates, one of the world’s largest cargo carriers, is expanding its fleet of Boeing (NYSE:BA) 777F freighters as…

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Stock

Wall Street mixed as megacap tech stocks fall; banks gain

By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -The Dow regained some lost ground on Wednesday although the S&P 500 and the…

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Stock

Abbott bumps up profit forecast on strong medical device sales

(Reuters) -Abbott Laboratories slightly lifted its annual profit forecast on Wednesday, after beating Wall Street estimates for quarterly earnings on strong demand…

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Stock

European tech, luxury stocks tumble as ASML, LVMH results disappoint

By Paolo Laudani and Ankika Biswas (Reuters) – Europe’s tech and luxury stocks slumped on Wednesday after disappointing results from industry heavyweights…

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Stock

Musk’s SpaceX sues California panel, alleges political bias over rocket launches

By Mike Scarcella WASHINGTON (Reuters) -Billionaire Elon Musk’s SpaceX has sued a California commission in federal court, accusing panel members of political…

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Stock

Coinbase stock volatility to rise in coming months, Citi warns

Investing.com — Citi analysts cautioned in a note Wednesday that Coinbase (NASDAQ:COIN) stock may experience heightened volatility in the coming weeks, driven by…

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Stock

General Motors to contribute $625 million to new JV with Lithium Americas

(Reuters) -Canadian miner Lithium Americas (NYSE:LAC) said on Wednesday General Motors (NYSE:GM) will contribute $625 million to their new joint venture for…

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