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Month: October 2024

Google expands AI search summaries to over 100 countries

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Google is broadening the reach of its AI-generated search summaries, known as AI Overviews, to more than 100 countries this week. The feature is now available in regions including Canada, Australia, New Zealand, South Africa, Colombia, Chile, the Philippines, and Nigeria. AI Overviews support multiple languages, such as English, Hindi, Indonesian, Japanese, Portuguese, and Spanish. …

Google expands AI search summaries to over 100 countries Read More »

AngloGold to close $2.5 billion Centamin buy in November

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AngloGold Ashanti’s (JSE: ANG) (NYSE: AU) (ASX: AGG) proposed $2.5 billion takeover of Centamin (LON: CEY) has moved a step closer to be a done deal, following the target company’s shareholders approval. Centamin noted that the necessary majority of its shareholders, equivalent to more than 75% of the voting rights, backed the deal at a court and general meeting held on Monday. …

AngloGold to close $2.5 billion Centamin buy in November Read More »

US goods trade deficit widens sharply in September on imports

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WASHINGTON, Oct 29 (Reuters) – The U.S. trade deficit in goods widened sharply in September amid a surge in imports, suggesting that trade remained a drag on economic growth in the third quarter. The goods trade gap increased 14.9% to $108.2 billion last month also as exports fell, the Commerce Department’s Census Bureau said on …

US goods trade deficit widens sharply in September on imports Read More »

Nornickel raises 2024 production guidance for all metals

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Russia’s Nornickel, the world’s largest producer of palladium and a major producer of refined nickel, has raised its 2024 production guidance for all metals. The company said on Monday that its full-year nickel production forecast was now at 196,000-204,000 metric tons, up from 184,000-194,000 tons previously. The new target was still below the 209,000 tons …

Nornickel raises 2024 production guidance for all metals Read More »

HCA Healthcare’s stock slides 9% after earnings are weighed down by Hurricane Helene

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HCA Healthcare Inc.’s stock fell 9% Friday, after the hospital operator’s third-quarter earnings fell short of estimates as it booked losses and lost revenue when Hurricane Helene disrupted operations at facilities in affected states. The stock was on track for its worst one-day percentage decline in more than two years, according to Dow Jones Market …

HCA Healthcare’s stock slides 9% after earnings are weighed down by Hurricane Helene Read More »

LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand

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LG Energy Solution reported a significant operating profit drop of nearly 40% for the third quarter, attributing the decline to sluggish demand for electric vehicles (EVs). For the three months ending September 30, the South Korean battery maker’s operating profit stood at 448.3 billion won ($323 million), slightly exceeding analyst expectations but down 39% from the previous …

LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand Read More »

10-year Treasury yield rises to fresh three-month high as U.S. rates continue their ascent

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The yield on the 10-year U.S. Treasury continued its ascent on Monday after hitting a three-month high last week. The 10-year Treasury yield rose nearly 6 basis points to 4.286% to its highest level since July 2024. Meanwhile, the 2-year Treasury also added around 6 basis points to 4.153%. Yields move inversely to prices. One basis point equals 0.01%. …

10-year Treasury yield rises to fresh three-month high as U.S. rates continue their ascent Read More »

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

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JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called …

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’ Read More »

Oracle applies to join Epic and others in new federal medical record network

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Oracle on Monday announced it intends to join a new federally-backed medical network that will make it easier for clinics, hospitals and insurance companies to share patients’ data. The network, called the Trusted Exchange Framework and Common Agreement, or TEFCA, launched in December. Oracle, which acquired the medical records giant Cerner for $28 billion in 2022, is the latest major vendor to support …

Oracle applies to join Epic and others in new federal medical record network Read More »

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