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Goldman Sachs expects Brent to decline to low $50s by late 2026

(Reuters) -Goldman Sachs expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026 due to an increase in the surplus of oil next year. “We expect the oil surplus to widen and average 1.8 million barrels ...
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Latest launch of SpaceX’s Starship deploys 8 dummy satellites, then splashes down into Indian Ocean

SpaceX launched the latest test of its mega rocket Starship on Tuesday night and completed the first-ever deployment of a test payload — eight dummy satellites — into space. After just over an hour coasting through space, Starship splashed down as planned in the ...
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Asia stocks steady ahead of Nvidia; investors wary over Fed independence

By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy. The U.S. Treasury yield ...
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Microsoft protesters occupy president’s office as company reviews its work with Israel’s military

REDMOND, Wash. (AP) — Police arrested seven people Tuesday after they occupied the office of Microsoft President Brad Smith as part of continued protests over the company’s ties to the Israel Defense Forces during the ongoing war in Gaza, organizers said. Current and former Microsoft ...
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Australia’s consumer prices spike in July as electricity costs surge

SYDNEY (Reuters) -Australian consumer prices jumped by far more than forecast in July as electricity prices spiked due to the timing of government rebates, which has injected more volatility into this year’s series. The Australian dollar edged back above 65 cents, while three-year bond futures ...
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Canada Goose receives take-private bids valuing it roughly at $1.4 billion, CNBC reports

(Reuters) -Canada Goose’s controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report.(Reporting by Chandni Shah ...
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Oil prices little changed as market awaits impact of US tariffs on India

(Reuters) -Oil prices were little changed on Wednesday, after falling in the previous session, as the market awaits massive new U.S. tariffs on India, the world’s third-largest crude consumer, in response to its purchases of Russian supply. The U.S. is set to impose additional ...
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Cracker Barrel relents, says its old logo will return

Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize. In a post on its website, Cracker Barrel said it will retain its old logo, which features an older man ...
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Dollar weak as investors fret about Fed independence

By Rae Wee SINGAPORE (Reuters) -The dollar struggled to gain ground on Wednesday as renewed investor worries about the Federal Reserve’s independence undermined the currency following U.S. President Donald Trump’s latest attempt to extend his power over the central bank. Trump had on Monday said he ...
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Domino’s Australian franchise operator swings to first annual loss, shares tank 20%

(Reuters) -Domino’s Pizza Enterprises reported its maiden full-year loss on Wednesday since going public two decades ago, sending the Australian franchise operator’s shares down 20% in their steepest decline in nearly two months. Shares of the franchise operator dropped to A$15.550, marking their lowest point ...
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Book authors settle copyright lawsuit with AI company Anthropic

SAN FRANCISCO (AP) — A group of book authors has reached a settlement agreement with artificial intelligence company Anthropic after suing the chatbot maker for copyright infringement. Both sides of the case have “negotiated a proposed class settlement,” according to a federal appeals court ...
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Australian grocer Woolworths posts 19% drop in annual profit

(Reuters) -Australia’s Woolworths Group reported a 19% drop in its full-year underlying profit on Wednesday, as lower spending by customers grappling with higher cost of living impacted its Australian Food and BIG W segments. The country’s top supermarket chain said its underlying net profit ...
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