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Nvidia earnings captivate investors as fears of AI bubble grow

(NEW YORK) -- Financial results to be released on Wednesday by chipmaking-giant Nvidia will be closely watched as a bellwether for the stock market and the overall economy, which have both come to rely on massive spending on artificial intelligence to propel continued growth.The ...
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US, Saudi tout new business deals at investment forum

By David Shepardson WASHINGTON (Reuters) -Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman's visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer ...
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Chile’s SQM expects 25% lithium demand growth in 2025

SANTIAGO (Reuters) -Executives from Chilean lithium producer SQM on Wednesday said they expect lithium demand this year to reach over 1.5 million metric tons, representing 25% growth from 2024. In addition, CEO Ricardo Ramos said the company expects a planned lithium joint venture with Chile's ...
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U.S. trade deficit drops 24% in August as Trump’s tariffs reduce imports

WASHINGTON (AP) - The U.S. trade deficit fell by nearly 24% in August as President Donald Trump's sweeping global tariffs pushed imports lower. In a report delayed for more than seven weeks by the federal government shutdown, the Commerce Department said Wednesday that the the ...
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Kosovo heading for an early vote after lawmakers fail to elect government

PRISTINA, Kosovo (AP) - Kosovo lawmakers on Wednesday failed to elect a new government, paving the way for an early election following a monthslong political crisis in the small Balkan nation. Prime Minister-designate Glauk Konjufca, from the governing Self-Determination Movement party won 56 votes ...
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Singapore woos growth firms with plans to make SGX-Nasdaq dual listing easier

By Jun Yuan Yong and Yantoultra Ngui SINGAPORE (Reuters) -Singapore's central bank said on Wednesday it would make it easier for companies to establish dual listings on the Singapore Exchange and the Nasdaq, aiming to boost the city-state's appeal as a hub for ...
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Wall Street opens higher as Nvidia test looms

(Reuters) -Wall Street's main indexes opened slightly higher on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or-break moment for the AI trade. The Dow Jones Industrial Average rose 46.9 points, ...
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US Census Bureau to release Sept retail sales, durable goods orders reports next week

(Reuters) -The U.S. Commerce Department's Census Bureau said on Wednesday it would publish both September retail sales and food services and durable goods orders reports next week. Both were delayed by the government shutdown. The monthly sales report for retail and food services will be ...
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Uranium enrichment not part of civil nuclear deal with Saudi Arabia, US energy secretary says

WASHINGTON (Reuters) -Uranium enrichment is not part of the deal on civil nuclear energy reached with Saudi Arabia, U.S. Energy Secretary Chris Wright said on Wednesday. "It is about civilian, civil use of nuclear power. It's not about enrichment. It's not about anything related ...
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Easing regulations could lead to smaller Fed balance sheet, Miran says

By Michael S. Derby (Reuters) -Federal Reserve Governor Stephen Miran said on Wednesday that easing financial firms' regulatory burden could allow the U.S. central bank to shrink the size of its balance sheet again in the future. "As we make more progress peeling back regulations, I ...
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Fed’s Miran calls for exempting Treasuries from bank leverage rule

By Pete Schroeder WASHINGTON (Reuters) -Federal Reserve Governor Stephen Miran on Wednesday called for regulators to exempt U.S. Treasury bonds from a key bank leverage ratio, arguing agencies should go further than previously proposed plans. The Fed in June proposed overhauling how much capital large global ...
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Ford recalls more than 200,000 Bronco and Bronco Sports for instrument panel failure

WASHINGTON (AP) - Ford Motor Co. is recalling more than 200,000 Bronco and Bronco Sport vehicles because an instrument panel can fail, increasing the risk of a crash. Federal auto safety regulators said that the instrument panel may not display at startup, leaving the driver ...
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