Business

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Oracle stock pops 13% as long-term revenue forecast and clarity on financing ease debt concerns

Oracle issued a revenue forecast for fiscal year 2030 of $225 billion, and said it will limit additional fundraising over that stretch to $20 billion.

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Trade turnover between Russia, Africa climbed above $27 bln since 2022 — Putin

Its total volume increased by 1.5 times, the Russian president said

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Elon Musk says he can build a wireless carrier in two to three years. Is that possible?

Verizon says there is ‘no magic wand,’ but analysts note SpaceX may be targeting some shortcuts.

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Fed's Warsh Says Monetary 'Medicine' Starting to Work

Federal Reserve Chairman Kevin Warsh says there are no firm conclusions right now about monetary policy during a news conference after the central bank's policy-setting Federal Open Market Committee decided to leave rates unchanged…

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Gen Z voters told us the midterms will boil down to affording life, not social issues

MarketWatch talked to younger voters who said many life goals feel unattainable for their generation.

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Five ways the Budget will affect you if you are under 25

The chancellor announced a series of measures which will impact under-25 year-olds from housing to minimum wage.

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Fed Will Raise Rates in December, Clarida Predicts

Former Federal Reserve Vice Chairman Richard Clarida expects the Fed to raise rates in December and then possibly again in March. He speaks on "Bloomberg Surveillance: The Fed Decides." (Source: Bloomberg)

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Meta delays indefinitely its rollout of new commercial terms after publishers' concerns

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U.S. Fed holds interest rates steady despite surging inflation

The 12-member FOMC voted 10-2 to hold rates at a target range between 3.75 and 4.00%, citing the need for more data in the fight against inflation

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Chris Wright Says Diesel Exports From Arabian Gulf Likely to Increase

Energy Secretary Chris Wright said that he expects diesel prices to be 'dropped significantly' but will need increased exports out of the Arabian Gulf to manage it amid the ongoing war with Iran. Wright also Russia's diesel output, saying…

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US Consumer Confidence Jumps to 91.7

US consumer confidence jumped to 91.7 in October from 84.2, well above the 81 analysts expected, as households grew more upbeat. The post US Consumer Confidence Jumps to 91.7 appeared first on The Rio Times .

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US Fed holds interest rates steady despite surging inflation

The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2…