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Snowflake Surges 24% on AI Deal With Anthropic
Snowflake's shares surged more than 24% in premarket trading Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and analytics.
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DOJ Demands Google Divest Chrome to End Search Monopoly
U.S. prosecutors on Wednesday argued to a judge that Google must sell its Chrome browser, share data, and search results with rivals, and take a range of other measures to end its monopoly on online search.
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CEO Huang: Nvidia Will Work With Trump
Nvidia CEO Jensen Huang assured investors during an earnings call on Wednesday afternoon that the company is prepared to work with and adapt to any regulatory changes under the incoming Trump administration.
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Nvidia Forecasts Q4 Revenue Above Estimates
Nvidia forecast fourth-quarter revenue slightly above estimates Wednesday, but still failed to meet lofty expectations of some investors who have made it the world's most valuable firm.
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Qualcomm 'Positive' on Chip Sales Under Trump Admin
Qualcomm said it was "positive" on President-elect Donald Trump's incoming administration and not concerned that proposed U.S. tariffs on China would dampen its business in the country from which it derives nearly half its revenue.
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Apple Urges Judge to End Smartphone Monopoly Case
Apple asked a federal judge Wednesday to dismiss the U.S. Department of Justice's case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown.
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Delta CEO: Trump Will Reverse Biden's Govt 'Overreach'
The chief executive of Delta Air Lines said the incoming Trump administration will be a "breath of fresh air" for airlines after what he called government "overreach" under President Joe Biden.
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Commerce Secretary Aims to Spend $50 Billion Before Trump Takes Office
Outgoing Commerce Secretary Gina Raimondo is hoping to commit $50 billion in its microchip-subsidy program before President-elect Donald Trump returns to the White House in January, Politico reported.
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Jaguar's Woke Ad Slammed as 'Bud Light 2.0'
Jaguar debuted an ad on X Tuesday that has brought widespread backlash for being woke and a turn-off for its upscale, male customers, Newsweek reports.
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Target Q3 Profit Slumps, Shares Fall 19%
Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
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Comcast Spins Off NBCUniversal Cable Channels in $7B Move
Comcast is set to announce a groundbreaking $7 billion spin-off of its NBCUniversal cable TV networks, marking a pivotal shift in its growth strategy amid the changing media landscape, The Wall Street Journal reported.
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Walmart CFO: Trump Tariffs May Raise Prices
Walmart might have to raise prices on some items if President-elect Donald Trump's proposed tariffs take effect, CFO John David Rainey said, CNBC reported Tuesday.
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Sen. Blumenthal: Trump Must Obey TikTok Divestment Law
The chair of a U.S. Senate Judiciary subcommittee said Tuesday President-elect Donald Trump cannot ignore a law requiring Chinese-based TikTok to divest the short video app used by 170 million Americans by early next year.
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Nvidia Rivals Aim to Build Different Kind of AI Chip
Building the current crop of artificial intelligence chatbots has relied on specialized computer chips pioneered by Nvidia, which dominates market and made itself the poster child of the AI boom.
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Andreessen Horowitz Studio to Produce Movies Using AI
Promise, backed by former News Corp. President Peter Chernin and venture capital firm Andreessen Horowitz, will produce films and series using generative AI tools, the company said Tuesday.
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Sheeran Calls Out Band Aid for Using His Vocals: I Would Have Declined
Ed Sheeran has spoken out against Band Aid, saying his vocals were used in a new mix of their charity single without seeking his permission.
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Microsoft Pitches Self-Reliant AI 'Agents'
Microsoft CEO Satya Nadella is opening a company conference in Chicago with remarks that could set the stage for where it's taking its artificial intelligence business.
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Trump Media in Talks to Buy Crypto Trading Firm Bakkt
Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, The Financial Times reported, citing two people with knowledge of the talks.
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Robinhood Enters Wealth Management With $300M TradePMR Buy
Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said Tuesday.
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Blackstone to Acquire Majority Stake in Jersey Mike's
Blackstone will acquire a majority stake in Jersey Mike's Subs, the sandwich chain said Tuesday, marking the private equity firm's latest investment in a franchise business.
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Walmart's Low Prices a Powerful Draw in Q3
Walmart ratcheted up sales and profits again in the third quarter with its comparatively low prices proving a powerful draw for shoppers seeking to cut spending where they could.
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Smart Ring Maker Oura Valued at $5B After Dexcom Funding
Medical device maker Dexcom said Tuesday it will invest $75 million in Oura's latest funding round, valuing the smart ring maker at over $5 billion.
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Trump Spokesman Chides '60 Minutes' for 'Bias'
Steven Cheung, a spokesman for President-elect Donald Trump and the incoming White House Communications Director, slammed "60 Minutes" after host Scott Pelley criticized Trump's Cabinet nominees.
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2025 Mazda CX70 Premium Plus Review
The 2025 Mazda CX-70 PHEV Premium Plus exemplifies Mazda's commitment to blending efficiency, luxury, and driving enjoyment into a single SUV package.
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AI Startup Perplexity Adds Shopping Features
Artificial intelligence search startup Perplexity Monday launched a shopping hub to attract users, in a bid to beef up its platform as it attempts to take on Alphabet-owned Google's dominance in the search engine space.