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PMI rebound seen as fragile without support – TD Securities

TD Securities’ Global Strategy Team reports that China’s March PMIs moved back into expansion, with Manufacturing and Non-manufacturing both beating expectations. They attribute the rebound partly to firms front-loading orders due to the US-Iran war and caution that a sustained recovery is unlikely without significant policy support, especially with construction…

Oracle informs employees of layoffs amid AI buildout: report

Oracle on Tuesday reportedly began notifying employees that it is moving forward with a round of layoffs as the company looks to reduce costs. The number of layoffs in the thousands, according to a report by CNBC that cited two people familiar with the matter.Oracle has recently ramped up capital spending to build artificial intelligence (AI) data centers as the company looks to incorporate those tools into its business software services. The company’s stock has been volatile…

Business

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Apollo Global Management reportedly plans second HQ in Texas or Florida

In another massive blow to high-tax blue states, Apollo Global Management Inc. has announced plans to establish a second U.S. headquarters, scouting locations in Texas and South Florida. The financial investment heavyweight allegedly shared with its teams on Sunday that it plans to open the second office while keeping its…

Markets

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Investing

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