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US Dollar Index rebounds from two-week lows as as tariff tensions resurface

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, turns higher on Friday, recovering from earlier weakness, though it remains on track to close the week in negative territory.It has been a volatile week for the US Dollar, with price action driven by suspected intervention by Japanese authorities, ongoing Middle East tensions, and renewed trade concerns. At the time of writing, the DXY is trading around 98.21,…

Finance news

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Why Big Tech’s 0 billion AI splurge is misleading

Big Tech’s AI spending is surging, though not necessarily because companies are building significantly more capacity. Loading audio narration… This week, industry executives pointed to the same underlying issue: sharply rising component costs, especially for memory chips, are inflating capital expenditures spent on data centers and other equipment.”We are increasing…

Business

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Thermos recalls 8M bottles, jars after defect blinds 3 people

Thermos is recalling more than 8 million food jars and bottles after a dangerous defect caused stoppers to “forcefully eject,” leaving some consumers blind. The Illinois-based company’s recall impacts about 5.8 million Stainless King Food Jars and 2.3 million Sportsman Food & Beverage Bottles sold over more than 15 years,…

Markets

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Investing

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