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Oracle's courting of Trump may help it land TikTok's business and coveted user data SEATTLE — Business software giant Oracle planted seeds at the dawn of the Trump administration that may well yield results in the coming weeks — the approval of a deal to allow it to handle the data from the popular short-form video app TikTok.
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Instant View: FOMC - Rates staying near zero until inflation lodges over 2% NEW YORK (Reuters) - The Federal Reserve kept interest rates pinned near zero on Wednesday and promised to keep them there until inflation is on track to "moderately exceed" the U.S. central bank's 2% inflation target "for some time." FILE PHOTO: ...
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Backlash Grows to TikTok-Oracle Deal WASHINGTON — Even as negotiations continued on Wednesday over a proposal that would allow the Chinese-owned social media app TikTok to continue operating in the United States, a backlash was forming in Washington to the deal. Over the weekend ...
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Yen hits two-week high on dovish Fed expectations; yuan rallies SINGAPORE (Reuters) - The Japanese yen inched higher on Wednesday as traders bet an ultra-accommodative U.S. Federal Reserve would weigh on the U.S. dollar, while the Chinese yuan extended gains one day after data pointed to better prospects for ...
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Stock market live updates: Dow up 200, Fed meeting on deck, Snowflake doubles in massive IPO The Dow and S&P 500 were both higher on Wednesday as traders awaited the lastest monetary policy announcement from the Federal Reserve. The Nasdaq struggled, however, as shares of major tech companies such as Amazon and Apple dropped.
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Facebook addresses political controversy in India, monetization opportunities, startup investments At the beginning of the previous decade, Facebook had a tiny presence in India. It had just started to slowly expand its team in the country and was inking deals with telecom operators to make access to its service free to users and even offer incentives such ...
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Yen benefits from caution before Fed meeting; European shares edge higher LONDON (Reuters) - Investors were generally cautious before the Federal Reserve meeting on Wednesday, boosting the yen, as the rally that pushed up shares after Chinese and U.S. economic data in the previous session slowed in early London trading.
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In last meeting before election, the Fed could placate markets with promise of low rates for years The Fed wraps up its two day meeting Wednesday, and is not expected to do much beyond assuring markets it will not raise interest rates for years. The Fed's meeting is its last before the presidential election, and the Fed will take care to steer clear of politics.
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Fed Pledges Low Rates for Years, and Until Inflation Picks Up WASHINGTON — Federal Reserve officials expect to leave interest rates near zero for years — through at least 2023 — as they try to coax the economy back to full strength after the pandemic-induced recession, based on their September policy statement ...
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Fed Debates Next Steps After Shifting Approach to Rate-Setting WASHINGTON — Federal Reserve officials are contemplating their next steps after announcing a new approach to interest rate-setting last month, one that could lay the groundwork for longer periods of low unemployment and rock-bottom borrowing costs.
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