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Trump Media Quits Delaware for 'Pro-business' Florida
President Donald Trump's media company has become the latest to leave behind incorporation in Delaware, fleeing the left-leaning Blue State for the more "pro-business" climate of Florida.
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Who Is Greg Abel, the Executive Picked to Succeed Buffett?
When Warren Buffett announced at his annual shareholder meeting that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a low-key 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants.
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Warren Buffett Shocks With Intention to Retire
Warren Buffett shocked an arena full of his shareholders Saturday by announcing that he wants to retire at the end of the year.
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HSBC Asset Management's Global Head of Sustainability to Depart
The top sustainable finance executive at HSBC's asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive.
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US Asks Judge to Break up Google's Ad Tech Business
Google on Friday faced a demand by the US government to break up its hugely profitable ad technology business after a judge found the tech giant was commanding an illegal monopoly.
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Apple, Amazon Startup Partner on AI-Powered Coding
Apple is partnering with Amazon-backed startup Anthropic on a new "vibe-coding" software platform that will use artificial intelligence to write, edit, and test code on behalf of programmers, Bloomberg News reported, citing people with knowledge of the matter.
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1.8M Ninja Pressure Cookers Recalled for Burn Risk
More than 1.8 million Ninja Foodi pressure cookers are being recalled due to a risk of burns, according to the U.S. Consumer Product Safety Commission (CPSC).
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Microsoft Hikes Xbox Prices Worldwide
As new tariffs continue to strain global supply chains, some gamers are already feeling price hikes. Microsoft raised recommended retailer pricing for its Xbox consoles and controllers around the world this week.
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TikTok Fined $600M by EU for China Data Transfers
A European Union privacy watchdog fined TikTok 530 million euros ($600 million) Friday after a four-year investigation found that the video sharing app's data transfers to China put users at risk of spying, in breach of strict EU data privacy rules.
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Why US Cars are a Rare Sight in Japan
With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool, but on Japanese roads new U.S. vehicles are a rare sight , much to President Donald Trump's annoyance.
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Shell CEO Prefers Share Buybacks Over a Bid for BP
Shell CEO said Friday he would rather buy back more of his company's own shares than launch a takeover bid for rival oil major BP, The Financial Times reported.
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Exxon Beats Wall Street Profit Estimate, Boosted by Guyana, Permian Production
Exxon Mobil Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.
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Apple to Source 19 Billion Chips From the US in 2025
Apple will source more than 19 billion semiconductor chips from the US this year in an effort to lessen its dependence on China manufacturing and shift it to the United States and India, Bloomberg reports.
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Home of Musk's SpaceX Could Become Starbase City
Elon Musk has for years made Texas a business home and playground, launching rockets, building cars, and dreaming about creating a utopian enclave for his workers on the rural outskirts of the state capital.
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AirPlay Malware Threatens Billions of IPhone Users
Cybersecurity experts are warning Apple users to update their devices immediately after researchers uncovered a critical flaw in the company's AirPlay system that could allow hackers to access private data, deploy malware, and even eavesdrop on conversations.
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Raytheon, Nightwing to Pay $8.4M Cybersecurity Settlement
Raytheon and Nightwing have agreed to pay $8.4 million to resolve allegations that Raytheon violated the False Claims Act by failing to comply with Department of Defense cybersecurity requirements.
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Reddit Forecasts Revenue Will Beat, Shares Surge 19%
Reddit forecast second-quarter revenue above Wall Street estimates Thursday, betting on growing digital ad spend on the social media platform despite uncertainty over marketing budgets resulting from the ongoing trade war.
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Citadel's Flagship Fund Wellington up 1.3% in April
Citadel's flagship fund Wellington was up 1.3% in April, as it navigated a tumultuous month, a source familiar with the matter said Thursday.
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Kimberly-Clark to Invest $2B to Bulk up US Manufacturing
Kleenex tissue maker said Thursday it would invest $2 billion over five years to expand its manufacturing capacity in the United States amid a push for local manufacturing under U.S. President Donald Trump.
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Apple Edges Past Expectations, Stock Slips 2%
Apple Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump.
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McDonald's Global Sales Post Surprise Drop
McDonald's posted a surprise decline in first-quarter global comparable sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.
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Amazon Forecasts Quarterly Revenue Above Estimates
Amazon.com forecast second-quarter revenue largely above estimates Thursday, in a reassuring sign the e-commerce giant would navigate tariff-related uncertainty, but growth in its closely watched cloud unit lagged.
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US Files Kickback Complaint Against Aetna, Humana, Elevance Health
The U.S. Justice Department Thursday said it had filed a complaint against three of the country's biggest health insurance companies, Aetna Inc. and affiliates, Elevance Health and Humana, under the False Claims Act.
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Neuralink Speech Device Gets FDA 'Breakthrough' Tag
Neuralink has received the U.S. Food and Drug Administration's "breakthrough" tag for its device to restore communication for individuals with severe speech impairment, Elon Musk's brain implant company said on Thursday in a post on X. The device would help those affected by...
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Microsoft Overtakes Apple for Biggest US Market Cap
Apple can no longer claim to be the biggest U.S. company by market capitalization, Barron's reports.