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Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling was …

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US FDA allows pharmacists to prescribe Pfizer’s COVID-19 pill

July 6 (Reuters) – The US Food and Drug Administration said on Wednesday it had authorized state-licensed pharmacists to prescribe Pfizer Inc’s (PFE.N) COVID-19 pill to eligible patients to help improve access to the treatment. The antiviral drug, Paxlovid, has been cleared for use and available for free in the United States since December, but …

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Elon Musk had twins last year with one of his top executives – Business Insider

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk and …

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GameStop board approves stock split plan, shares rise

Signage is seen at a GameStop in Manhattan, New York, US, December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – GameStop Corp (GME.N) said on Wednesday its board has approved a four-for-one stock split, sending the video game retailer’s shares up more than 5% in extended …

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Wall Street broadly flat as markets await Fed minutes

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register US service sector index at 2-year low -ISM ​​survey Rivian gains as EV deliveries surge Indexes: Dow down 0.33%, S&P down 0.14%, Nasdaq flat …

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Grubhub gets Amazon investment; Prime members to get fee-free food

July 6 (Reuters) – Amazon.com Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat Takeaway.com’s (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to US Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime Day” …

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Crypto lender Voyager Digital files for bankruptcy

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, US, June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register July 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said on Wednesday it had filed for bankruptcy, …

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Oil prices bounce back from Tuesday tumble as supply concerns return

Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com register Oil rises nearly 3% before paring some gains Rate hikes, recession fears still capping price gains – analyst China reports new COVID cases across …

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