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U.S. Debt Ceiling Deal Lifts Asian Markets Asia-Pacific markets were largely higher on Friday after U.S. President Joe Biden signed into law a debt ceiling bill that allowed the U.S. to avert defaulting on its financial obligations. The compromise bill…
KEY TAKEAWAYS Shares of Planet fell as much as 25% in trading, from its previous close at $4.90. Despite the lowered guidance, Planet co-founder and CEO Will Marshall said in a statement that the company continues “to see strong demand…
H&M’s Second-Quarter Profit Beats Estimates on Cost-Cutting and Summer Sales H&M’s shares hit a 16-month high on Thursday after the company reported second-quarter profit that beat estimates. The results were driven by cost-cutting measures and strong sales of its summer…
Calpers plans multibillion-dollar push into venture capital California’s largest public pension fund, CalPERS, is planning to increase its venture capital investments despite the recent turmoil in the tech industry. The fund, which manages over $450 billion in assets, has historically…
DB Realty Ltd is a leading real estate developer in India that has made its mark in the industry with its high-quality projects and a diverse portfolio. One of the key indicators of a company’s success in the market is…
San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction” in the United States. In a June…
Micron moves down in morning trading The S&P 500 rose slightly Thursday as the market approached the end of the second quarter and first half. Bank stocks gained as the country’s biggest lenders passed the Federal Reserve’s annual stress test. The broader market index traded…
