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Australian Dollar reverses as Iran risks lift USD ahead of Fed minutes

The Aussie Dollar reversed its course against the Greenback on Tuesday as investors remain uncertain of the outcome of the Middle East conflict, which tends to push energy prices higher, increasing the likelihood that major central banks would need to tighten monetary policy. The AUD/USD trades at 0.7080 after reaching a high of 0.7119.AUD/USD Reverses as Iran Risks Lift Dollar Before Fed MinutesThe US-Iran conflict is making headlines. Recently, CNN, citing a US official, reported…

Finance news

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David Ellison’s Paramount is hiring 2 more former Google execs

Paramount Skydance has a favorite company to hire from: Google.David Ellison’s company has brought on two more former Google execs, product chief Dane Glasgow told employees in a memo on Tuesday afternoon.Nick Lee, who was the corporate vice president of Microsoft AI, is Paramount’s new EVP of media systems. Before…

Business

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Meta faced accusations of targeting children for addictions to Facebook and Instagram in federal court on Tuesday. Deputy California Attorney General Meghan O’Neill launched her case against Meta in a trial that could reshape how Facebook, Instagram and other social media platforms operate.O’Neill told the jury that Meta’s business model…

Markets

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McDonald’s is losing ground to rivals like Burger King with a key customer group

McDonald’s is losing ground to rivals among low-income fast-food diners, according to recent data.Spending by low-income guests at the Golden Arches declined 2.4% year-over-year during the company’s latest quarter, said consumer analytics company Numerator. The firm defines “low-income guests” as those from households making $40,000 or less a year.The drop…

Investing

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