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28.09.26 - 19:21
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MongoDB CEO′s Abrupt Exit For Meta Stuns Wall Street On Eve Of Investor Day (ZeroHedge)
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MongoDB CEO's Abrupt Exit For Meta Stuns Wall Street On Eve Of Investor Day
MongoDB shares plunged earlier Monday morning after CEO Chirantan "CJ" Desai abruptly stepped down and was tapped to lead Meta's new AI platform for enterprise customers, which Mark Zuckerberg called "the next major pillar of our business."
"To lead this effort, I'm excited that Chirantan "CJ" Desai will join Meta as Chief Enterprise Platform Officer, reporting directly to me," Zuckerberg wrote on X around 0835 local time in New York.
The business unit, called Meta Enterprise Platform, aims to "help businesses use AI to grow and transform in new ways as well," Zuckerberg said.
Zuckerberg continued, "CJ is an experienced enterprise leader with a track record of building full-stack software and delivering results in AI, infrastructure, business applications, and security."
To lead this effort, I'm excited that Chirantan "CJ" Desai will joi...
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28.09.26 - 17:06
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S&P 500 Falls as Inflation Worry Lifts Bond Yields (Bloomberg)
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A stalemate between the US and Iran boosted oil prices, dragging down stocks and bonds on concerns that elevated energy costs could fuel inflation and trigger further Federal Reserve rate hikes.
Drew Matus, Chief Market Strategist at Metlife Investment Management, discusses his market outlook. (Source: Bloomberg)...
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28.09.26 - 15:03
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China Stocks Sink To One-Year Low As Proposed US Curbs Hammer Optical Suppliers (ZeroHedge)
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China Stocks Sink To One-Year Low As Proposed US Curbs Hammer Optical Suppliers
The CSI 300 Index, a leading benchmark tracking 300 of the largest stocks listed in Shanghai and Shenzhen, fell to a one-year low Monday. The index, roughly comparable to the S&P 500, came under pressure as co-packaged optics (CPO) shares sold off following a Reuters report of proposed US restrictions on Chinese optical transceivers used in sensitive government systems and data centers.
UBS's Lucy Zhang offered clients a first take on the Reuters report and the resulting selloff in Chinese stocks overnight:
China A-shares were under broad-based pressure Monday, led by a sharp selloff in the co-packaged optic (CPO) complex following press reports of fresh US policy restrictions.
Zhongji Innolight fell 9% and Eoptolink dropped 8%, weighing on the broader technology space, as investors reacted to proposed US restrictions targeting Chinese optical transceivers.
The weakness came against an already fragile backdrop ...
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28.09.26 - 14:36
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Stocks Fall, Oil Rises as Iran Refuses to Soften Demands; US, China to Cut Tariffs (Bloomberg)
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US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. (Source: Bloomberg)...
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