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Analysis-AI building boom ripples through inflation-hit Treasury market

By Karen Brettell June 3 (Reuters) - The artificial-intelligence boom already has fueled a record stock-market surge. Now it's driving up long-term Treasury yields too. Meta Platforms, Oracle and other technology companies have raised $250 billion in debt markets globally this year, according to Morgan Stanley, ...
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When IPOs go wrong: SpaceX, AI firms face a delicate process

By Greg Bensinger SAN FRANCISCO, June 3 (Reuters) - Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the ...
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Analysis-Guilty verdict against Andrew Left to shake up activist short-selling playbook

By Saqib Iqbal Ahmed and Michelle Price NEW YORK, June 3 (Reuters) - A U.S. jury's fraud conviction of prominent investor Andrew Left this week could rewrite the playbook for activist short sellers, raising fresh questions about the line between legitimate market activism and stock ...
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Analysis-US tech stocks’ market dominance reaches new heights and presents new risks

By Lewis Krauskopf NEW YORK, June 3 (Reuters) - The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group - and more vulnerable should those market leaders trip up. With stunning gains over the past two months, the ...
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UK orders Google to allow publishers to opt out of AI scraping for search summaries

LONDON (AP) - Google must allow news sites to opt out of having their online content scraped to feed AI overviews and other artificial intelligence services and features for British users, regulators said Wednesday. The Competition and Markets Authority said it was ordering Google ...
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George Santos reported to prosecutors over suspicious Kalshi trades, AP source says

NEW YORK (AP) - A prediction market reported U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Donald Trump's State of the Union address, then bet against his own attendance, according to a person familiar with the investigation. Kalshi, ...
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2nd Annual Around the Farm Art Exhibit Set to Open

2nd Annual Around the Farm Art Exhibit Set to Open   The Coliseum Museum in Oregon, IL is pleased to announce the opening of the 2nd Annual Around the Farm Art Exhibit featuring 35 artists from across the northern Illinois area, on display from June 6th ...
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Multiple Agencies Respond to Cimco Fire

Multiple Agencies Respond to Cimco Fire   Tuesday morning at approximately 10:58 the Sterling Fire Department, along with Rock Falls Fire Department and CGH EMS, were dispatched to Cimco Recycling. The report was for a large outside fire.  While enroute, units noticed a large volume of smoke ...
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BlackRock’s Atlas freezes $1 billion in Brazil renewables investments

By Sudarshan Varadhan and Colleen Howe SHANGHAI, June 3 (Reuters) - Atlas Renewable Energy, one of South America's largest clean power generators, has put plans for $1 billion in new investments in Brazil on hold as the national grid operator has periodically rejected renewable power, ...
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KPMG Australia COO steps aside amid growing audit client leak scandal

By Christine Chen SYDNEY, June 3 (Reuters) - KPMG Australia's chief operating officer stepped aside from her executive role on Wednesday, the accounting firm said, in the latest fallout from a growing scandal over allegations it misused client information to win lucrative audit contracts. Eileen Hoggett ...
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Zara owner Inditex defies consumer gloom with strong early summer sales

By Helen Reid June 3 (Reuters) - Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence. The strong sales growth should help reassure ...
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Morning Bid: Marvell, a fitting name for the latest AI darling

A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday. [MKTS/GLOB] AI kingmaker Jensen Huang - the CEO of Nvidia - offered the ...
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