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Alibaba shares surge to highest since 2021 on AI, cloud push as analysts flag strong growth

Alibaba shares rallied on Friday after the Chinese technology giant unveiled a series of initiatives to expand its artificial intelligence and cloud capabilities, reinforcing investor confidence in its long-term growth…

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Ocado shares sink 11% as Kroger reviews warehouse strategy

Ocado’s share price fell sharply on Friday after US grocery partner Kroger signalled a strategic rethink of its warehouse investments, triggering concerns over the British online grocer’s growth prospects in…

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Morning brief: ECB to hold rates; NYC transit lost $1B to fare evasion; Ant unveils robot

A day of major developments is underway across the globe, as the European Central Bank prepares to deliver its latest verdict on interest rates, a stunning new report reveals the…

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Atlantic Basin gasoline margins surge amid supply woes, Vortexa analysis show

Gasoline margins in the Atlantic Basin surged to an average of $18-$19 per barrel in September, a significant increase from the $6-$9 per barrel seen a year ago. This sharp rise,…

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Here’s why Japan’s Nikkei 225 Index just hit a record high

The Nikkei 225 Index jumped to a record high on Thursday, helped by the strong performance of Softbank, the giant telecommunication and investing powerhouse. It jumped to a high of…

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Opendoor stock soars on CEO change, AI pivot—can it mirror Carvana’s play?

Shares of residential real estate platform Opendoor Technologies surged about 40% in after-hours trading on Thursday after the company announced the appointment of Kaz Nejatian, the former chief operating officer…

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Europe markets open: Stoxx 600 flat as markets brace for ECB decision

A tense and watchful quiet has descended upon European markets, with stocks opening to a mixed and listless picture as the entire financial world holds its breath. This is the…

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Analysis: OPEC+ output hike raises downside risks for oil

The recent decision of the Organization of the Petroleum Exporting Countries and allies to boost production further in October likely increases the downside risks for global oil prices, according to…

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Europe markets open: DAX to jump 0.46% as traders weigh new Trump tariff threat

A fragile sense of optimism is gracing European markets at the open on Wednesday, with stocks poised to climb despite a dramatic new trade war gambit from the White House…

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End of an era? Zara owner Inditex Q2 sales disappoint due to cautious consumers

The seemingly unstoppable juggernaut of fast fashion has hit a wall. Inditex, the Spanish retail titan and owner of Zara, reported weaker-than-expected sales in its second quarter on Wednesday, a…

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