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Adidas Lowers Profit Forecast After Kanye West Ceases Cooperation
German sports brand Adidas has lowered its profit forecast for the third time since last summer. The new downward revision results from the termination of the collaboration with rapper Kanye "Ye" West.
The reason for the…
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First Midterm Polling Stations Open in the US: Decisive Moment for Democracy
In the United States, the first polling stations have been opened for the midterm elections. Although the Republicans may win the majority in the House of Representatives, the battle for the Senate promises to be very exciting.
…
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Nvidia Comes With Slower AI Chip to Circumvent Export Ban to China
Chip builder Nvidia has proposed a new processor, especially for the Chinese market. The chip is slower than other high-end products from the company to circumvent a United States ban.
Nvidia is one of the companies affected by the rising…
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Apple Expects to Make Fewer iPhones
This year, Apple will produce millions fewer iPhones than originally planned. Bloomberg news agency states that at least 3 million iPhone 14 and iPhone 14 Plus devices are involved.
According to insiders, the lower production is mainly due…
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Starbucks Big Winner on Wall Street After Record Quarter
Starbucks is worth almost a tenth more on Friday at the opening of the stock exchanges in New York. Investors reacted enthusiastically to the quarterly figures in which the coffee chain reported record turnover. However, higher prices have…
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Uber Price Jump on Positive Wall Street After Quarterly Figures
Uber jumped more than 13 percent on the stock exchanges in New York on Tuesday. The US taxi and meal delivery service outperformed investors last quarter. The growth was mainly due to the strong recovery of the taxi service, which was under…
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Sources: US Wants More Cooperation With EU on Sanctions Against China
The United States is in talks with the European Union to also cooperate more in the area of sanctions against China.
For example, the administration of President Joe Biden wants to use the information exchange and enforcement…
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Goldman Sachs Anticipates Sharper US Fed Rate Hikes
The large American investment bank Goldman Sachs predicts that the Federal Reserve will raise interest rates in the United States even more than previously thought.
The economists predict that interest rates will rise by up to 5…
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