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Dollar and stocks gain as Fed charts ‘soft landing’ path

By Tom Westbrook SINGAPORE (Reuters) -The dollar bounced, long-dated bond yields were up and Asian stocks rose after the U.S. Federal Reserve announced a 50-basis-point rate cut and flagged that its easing cycle would be measured. The S&P 500 hit a record high overnight and although it closed slightly lower, …

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CEO of self-driving startup Motional is stepping down

Motional, the autonomous vehicle startup backed by Hyundai, is shaking up its leadership ranks. Karl Iagnemma, an early pioneer in the autonomous vehicle industry whose startup Nutonomy lies at the foundation of Motional, is stepping down as president and CEO. Iagnemma will move over to a senior strategy advisor role, …

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