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Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes
Apple will incur a USD 10 bn one-time tax charge
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
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
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
From rate-watchers to recession hawks, it’s all eyes on Friday’s US jobs report
Payroll figures will feature heavily in the Fed’s decision this month on whether to start cutting interest rates — and…
Companies look to next year for IPO plans amid market uncertainty
IPOs in the US have raked in USD 30 bn less than their annual average over the past decade in…
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