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Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales

US STOCKS-Wall St jumps as Amazon's gains offset weak jobs growth, Apple sales For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com leaps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Indexes up: Dow 1.13%, S&P 500 0.90%, Nasdaq 1.23% Updated at 12:05 p.m.
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Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales

US STOCKS-Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Indexes up: Dow 0.74%, S&P 500 0.76%, Nasdaq 1.05% Updated at 10:01 a.m.
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Wall St set to climb as Amazon offsets dismal jobs growth, Apple sales

US STOCKS-Wall St set to climb as Amazon offsets dismal jobs growth, Apple sales Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results US jobs growth slows sharply in October Dow, S&P 500, Nasdaq futures up about 0.5% Updated at 8:52 a.m. ET/1252 GMT By Lisa Pauline Mattackal Nov 1 (Reuters) - Stock indexes were poised for a higher open on Friday, as Amazon's strong earnings mitigated Apple's weaker China sales and investors weighed a sharp reduction in U.S.
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AI venture shapes up to be glue for the Muskiverse

RPT-BREAKINGVIEWS-AI venture shapes up to be glue for the Muskiverse The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Oct 31 (Reuters Breakingviews) - Maybe there’s some method to Elon Musk’s madness. The Tesla TSLA.O and SpaceX boss aims to raise money for his fledgling artificial intelligence venture in a deal that would value it at some $45 billion.
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AI venture shapes up to be glue for the Muskiverse

RPT-BREAKINGVIEWS-AI venture shapes up to be glue for the Muskiverse The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Oct 31 (Reuters Breakingviews) - Maybe there’s some method to Elon Musk’s madness. The Tesla TSLA.O and SpaceX boss aims to raise money for his fledgling artificial intelligence venture in a deal that would value it at some $45 billion.
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Futures rise as Amazon earnings lift sentiment ahead of jobs data

US STOCKS-Futures rise as Amazon earnings lift sentiment ahead of jobs data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Amazon.com jumps as retail strength boosts profit Chevron, Exxon rise after results Nonfarm payrolls due at 8:30 a.m. ET Futures up: Dow 0.33%, S&P 500 0.35%, Nasdaq 0.41% Updated at 7:11 a.m.
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A year on, Intel's touted chip deals have fallen short

UPDATE 2-A year on, Intel's touted AI-chip deals have fallen short Intel scrapped $500 million Gaudi chip sales forecast for 2024 CEO attributes slower uptake to software, chip transition Analysts question Intel's AI strategy, competitive position Updates share movement in paragraph 4 By Jeffrey Dastin Nov 1 (Reuters) - Intel's INTC.O upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectati
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A year on, Intel's touted chip deals have fallen short

A year on, Intel's touted AI-chip deals have fallen short Intel scrapped $500 million Gaudi chip sales forecast for 2024 CEO attributes slower uptake to software, chip transition Analysts question Intel's AI strategy, competitive position By Jeffrey Dastin Nov 1 (Reuters) - Intel's INTC.O upbeat revenue projections on Thursday masked a sore point for the embattled company: chips touted for artificial intelligence have not lived up to sales expectations.
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Futures rise on Amazon results boost ahead of jobs data

US STOCKS-Futures rise on Amazon results boost ahead of jobs data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.19%, S&P 500 0.29%, Nasdaq 0.41% Nov 1 (Reuters) - U.S. stock index futures rose on Friday, buoyed after upbeat earnings from Amazon offset a tech-led selloff in the previous session, as investors awaited crucial nonfarm payrolls data for clues on the Federal Reserve's interest-rate trajectory.
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Saudi’s Davos is no longer such a desert

BREAKINGVIEWS-Saudi’s Davos is no longer such a desert The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Karen Kwok RIYADH, Nov 1 (Reuters Breakingviews) - Saudi Arabia’s big shindig is getting bigger. About 4,000 delegates showed up for the desert kingdom’s first Future Investment Initiative in 2017. This year’s gathering attracted twice that number, suggesting that the country’s Vision 2030 project to shed its historical depende
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China's sanction-hit tech industry puzzles over impact of Trump, Harris presidencies

ANALYSIS-China's sanction-hit tech industry puzzles over impact of Trump, Harris presidencies U.S. seeks to curb Chinese technological advancement citing national security Chinese tech executives say Trump could undermine U.S. cooperation with allies Executives expect Harris to continue Biden's more predictable policies By Eduardo Baptista, Anne Marie Roantree BEIJING, Nov 1 (Reuters) - Donald Trump winning the U.S.
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Wall St ends lower as megacaps highlight AI costs

US STOCKS-Wall St ends lower as megacaps highlight AI costs Meta Platforms, Microsoft drag megacaps lower Amazon and Apple post quarterly revenue beat Estee Lauder shares drop to record low September PCE data in line with estimates Indexes down: Dow 0.9%, S&P 1.86%, Nasdaq 2.76% Updates post close By Abigail Summerville Oct 31 (Reuters) - All three U.S.
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Stocks fall with Meta, Microsoft; dollar dips after U.S. data

GLOBAL MARKETS-Stocks fall with Meta, Microsoft; dollar dips after U.S. data US stocks end down sharply Meta Platforms, Microsoft fall after earnings All eyes on Apple and Amazon.com earnings due after the bell Updates to 4 p.m. ET By Caroline Valetkevitch NEW YORK Oct 31 (Reuters) - World stock indexes dropped on Thursday, with the Nasdaq down more than 2% after Facebook owner Meta Platforms META.O and Microsoft MSFT.O both warned of rising costs for artificial intelligence, while the dollar we
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Intel rises on recovery hopes as it forecasts revenue above estimates

UPDATE 4-Intel rises on recovery hopes as it forecasts revenue above estimates Intel reports Q3 revenue ahead of analysts' estimates Shares surge more than 7% in extended trading Intel current-quarter sales forecast tops estimates Recasts paragraph 1, updates share price, adds update about a segment in paragraph 15 By Max A. Cherney and Arsheeya Bajwa Oct 31 (Reuters) - Intel INTC.O expressed optimism on Thursday about the future of its PC and server businesses, forecasting current-quarter reven
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Intel reports third-quarter loss but forecasts Q4 revenue above estimates

Intel reports third-quarter loss but forecasts Q4 revenue above estimates By Max A. Cherney and Arsheeya Bajwa Oct 31 (Reuters) - Intel INTC.O reported a massive net loss on Thursday, weighed down by impairment and restructuring charges, but forecast fourth-quarter revenue above estimates. The company has largely missed out on a boom in investments in speedy, advanced AI chips for data centers as businesses double down on adopting generative AI technology - a market dominated by Nvidia NVDA.O ,
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Wall St ends lower as Meta, Microsoft highlight AI costs

US STOCKS-Wall St ends lower as Meta, Microsoft highlight AI costs Meta Platforms, Microsoft drag megacaps lower Estee Lauder on track for worst day on record September PCE data in line with estimates Updates to close By Abigail Summerville Oct 31 (Reuters) - Major U.S. stock indexes closed lower on Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this yea
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Comcast, MFE-MediaForEurope, Pakistan International Airlines, Tokyo Gas, Run:ai Oct 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1938 GMT on Thursday: ** U.S. chipmaker Nvidia NVDA.O will have to seek EU antitrust clearance for its proposed acquisition of AI startup Run:ai because it threatens competition in the markets where the companies operate, the European Commission said.
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Wall St extends losses as Meta, Microsoft highlight AI costs

US STOCKS-Wall St extends losses as Meta, Microsoft highlight AI costs Meta Platforms, Microsoft drag megacaps lower Estee Lauder on track for worst day on record September PCE data in line with estimates Indexes down: Dow 0.65%, S&P 500 1.62%, Nasdaq 2.58% Updates to midafternoon By Abigail Summerville Oct 31 (Reuters) - U.S. stocks slumped on Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could affect their earnings, curbing enthusiasm for me
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OpenAI adds new search function to ChatGPT

OpenAI adds new search function to ChatGPT Oct 31 (Reuters) - OpenAI on Thursday added a set of new search functions to its popular large language model ChatGPT, opting to integrate the feature into the chatbot instead of launching a separate product. The AI giant is venturing into a territory long dominated by Alphabet's GOOGL.O Google, also placing it in competition with OpenAI-backer Microsoft's MSFT.O Bing and emerging services such as Perplexity — a search-focused AI chatbot firm backed b
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Wall St slides as Meta, Microsoft warnings trigger fears over AI trade

US STOCKS-Wall St slides as Meta, Microsoft warnings trigger fears over AI trade For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Meta Platforms, Microsoft drag megacaps lower Estee Lauder on track for worst day on record September PCE data in line with estimates VIX rises to highest since September Indexes down: Dow 0.84%, S&P 500 1.60%, Nasdaq 2.50% Updated at 11:56 a.m.
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