Oracle’s stumble hits AI trade, but many remain bullish

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Europeans discuss Ukraine with Trump at ‘critical moment’ for peace

Trump, asked by reporters about the call, said he â had a spirited exchange with the leaders and was urged to send U.S. representatives to a weekend meeting in Europe with Zelenskiy to discuss the way forward.Kyiv is under pressure from the âWhite House to secure a quick peace but is pushing back on …

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Lululemon sparks hopes of reset with CEO exit, back-to-basics focus

Dec 12 (Reuters) – Lululemon Athletica’s shares surged 10% in premarket trading on Friday as a â CEO shake-up sparked hopes of a turnaround at the yogawear maker looking to revive its sluggish U.S. business and win back younger, affluent shoppers. The company’s shares â have halved in value this year …

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Trump threatens funding for states over AI regulations

WASHINGTON, Dec 11 (Reuters) – U.S. President Donald Trump on Thursday said he will â withhold federal broadband funding from states whose laws to regulate artificial intelligence are judged by his administration to be holding back American dominance in the technology.”We want to have one central source o …

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Big central banks edge back towards hiking mode, but Fed keeps cutting

LONDON, Dec 11 (Reuters) – Central banks in big economies are signaling a change of stance, with many now on â hold after a long easing cycle, and policymakers flagging that their next moves, in time, could be rate hikes. The U.S. Federal Reserve is something of an outlier. It cut rates this week, and mar …

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Analysis-Oracle’s stumble hits AI trade, but many remain bullish

NEW YORK, Dec 12 (Reuters) – The red-hot trade backing artificial intelligence-related stocks has taken a bruising from a disappointing report from Oracle, â reigniting concerns about frothy valuations and an AI bubble.Still, investors say reasons for optimism about AI remain intact, and many are wary abo …

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