Apple has plans to make a folding iPhone starting next year, reliable analyst Ming-Chi Kuo said on Wednesday. Kuo said Apple’s folding phone could have a display made by Samsung…
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Business
Tesla agrees to first deal to build China’s largest grid-scale battery power plant
by adminTesla has inked its first deal to build a grid-scale battery power plant in China amid a strained trading relationship between Beijing and Washington. The U.S. company posted on the…
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Crude oil futures rose more than 1% on Thursday, after Prime Minister Benjamin Netanyahu ordered Israel’s military to intensify attacks against Iran. U.S. crude oil was last up $1.36, or…
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Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the…
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The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action…
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Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time. ‘We will need fewer people…
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Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to…
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U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. That is according to the American Spirits Exports report published…
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Business
Nvidia CEO says he was wrong about timeline for quantum, surprised his comments hurt stocks
by adminNvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.…
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Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent to employees Wednesday, Paramount…
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Business
AI-powered sports media company raises $13 million, led by Alexis Ohanian and Giannis Antetokounmpo
by adminScorePlay, an artificial intelligence service for sports clips, has raised $13 million in series A funding, the company announced Tuesday. The sports storytelling platform’s investors include 20VC venture capital fund…
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Business
Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch.
by adminSports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential…
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Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent…
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Business
Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
by adminBank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was…
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President Donald Trump isn’t expected to carry through on his threat to impose sweeping tariffs on the first day of his presidency, a move that economists have warned could lead…
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Business
Retail crime ‘queenpin’ to pay millions in restitution to retailers for theft ring
by adminThe California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to…
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