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AMD's revenue beat targets, and Wall Street was relieved after Intel's bleak outlook

AMD’s revenue beat targets, and Wall Street was relieved after Intel’s bleak outlook

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Jan 31 (Reuters) – US chip maker Advanced Micro Devices (AMD.O) On Tuesday, it reported revenue that beat Wall Street targets and said it expects business to pick up in the second half, spurring investors who saw the company profit from rival Intel. Shares rose about 1.5% in after-hours trading. Although AMD’s expectations were lower …

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The Norwegian Wealth Fund records record losses of $164 billion

The Norwegian Wealth Fund records record losses of $164 billion

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The loss in 2022 surpassed the previous record from 2008 Inflation and geopolitical tensions remain risk factors Record flow of funds from the oil and gas industry OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, ending a three-year streak …

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The S&P 500 closed slightly in the red as weak corporate guidance fueled recession fears

The S&P 500 closed slightly in the red as weak corporate guidance fueled recession fears

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AT&T adds bonuses to subscribers General Dynamics Slips After Poor Expectations Tesla, IBM published results Indices: Dow Jones up 0.03%, Standard & Poor’s 500 down 0.02%, Nasdaq down 0.18%. NEW YORK (Reuters) – The Standard & Poor’s 500 Index closed nominally lower on Wednesday as a string of corporate earnings turned from dovish to dismal, …

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Taylor Swift's concert fiasco leads to US Senate impeachment of Ticketmaster

Taylor Swift’s concert fiasco leads to US Senate impeachment of Ticketmaster

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WASHINGTON (Reuters) – U.S. senators criticized Live Nation Entertainment’s lack of transparency and inability to prevent bots from buying tickets on Tuesday, at a hearing after a major failure to sell tickets for Taylor Swift’s upcoming concert tour. Live Nation Entertainment Inc (LYV.N) Swift’s subsidiary Ticketmaster, which has been unpopular with fans for years, drew …

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