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Limited upside as Dollar stays supported – Commerzbank

Commerzbank’s Antje Praefcke argues that the Dollar remains hard to beat as markets await a peace agreement and clarity on US politics and inflation. Strong US data and hawkish FOMC commentary are seen supporting the USD, but she doubts much further upside. EUR/USD could revisit 1.13, yet she finds further…

Microsoft plans thousands of job cuts, impacting less than 2.5% of workforce

Microsoft is planning to announce job cuts soon as the tech giant continues efforts to control costs, according to people familiar with the situation.The cuts are expected to impact thousands of roles, including sales and consulting, in addition to jobs at the Xbox gaming division, the people said.This round is expected to be smaller than similar layoffs last year. This time, the cuts are projected to be less than 2.5% of the company’s 220,000-person workforce,…

Business

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Fun Spot America Atlanta, home of ArieForce One, to close after Aug. 2

An Atlanta-area amusement park with the largest zero-G stall roller coaster in the U.S. is planning to close later this summer, with fans only having a few more weeks to attend the park. Fun Spot America Atlanta’s location in Fayetteville will close permanently after its final day of operation on…

Markets

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What’s your RTO routine? Take our survey.

When it’s sweltering, the office often has an extra selling point: good air conditioning.It’s one more factor — however seasonal — in the endless tug-of-war over return-to-office policies.Beyond the appeal of having someone else pay the AC bill, recent findings on everything from remote workers’ loneliness to concerns about the…

Investing

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