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Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Capital gains tax scrapped?
Good morning, friends, and a very happy hump day to you all. Leading the news well today and many of…
Fed officials “open” to larger rate cuts if necessary
“If the data suggests the need for larger cuts, then I will support that,” US governor Christopher Waller said
Ultra-rich families are set to control USD 9.5 tn by 2030
Loose restrictions are leaving family offices with more power in financial markets
FRA issues new regulations for delisting + SPACs
Fair value can now decide the price of minority shares for voluntary delisted companies
Gold picked up yesterday after US job opening data disappointed
It’s all eyes on DC for Jobs Friday tomorrow…
USD drops 2% in August as JPY, EUR, and GBP gain steam
The weaker USD positioned the EUR and GBP as the top-performing major currencies year-to-date
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
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