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Oracle Marches Toward $1T Club; Tech Stocks Cheer
Oracle's shares rose Thursday, adding to a record run in the previous session and lifting stocks across the tech sector, as the company inches closer to the coveted trillion-dollar club on soaring gains from its AI cloud business.
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Oracle's Ellison Challenges Musk's 'Richest Person' Title
Billionaire Elon Musk is at risk of losing his title as the world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant appears poised for massive riches from artificial intelligence through a major deal with OpenAI.
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Boeing Defense, Strikers Reach Tentative Deal
Boeing Defense and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union officials announced Wednesday.
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New Owner Eyes Bari Weiss to Lead CBS News
The new owner of CBS is considering naming Bari Weiss to a leadership position at the network's news division, The New York Times reported Wednesday.
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OpenAI, Oracle Sign $300 Billion Computing Deal
OpenAI has signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, among biggest in history, The Wall Street Journal reported Wednesday.
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Amazon's Zoox Launches Its Robotaxi in Las Vegas
Amazon's Zoox Wednesday launched its robotaxi service in Las Vegas, offering free rides through parts of the entertainment mecca for anyone willing to gamble on the safety of a driverless vehicle.
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Meta, TikTok Win Challenge Against EU Tech Fees
Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy.
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Trump Weighs Restrictions on Chinese Medicines
The Trump administration is considering sweeping restrictions on medicines originating from China, a move that could dramatically reshape the U.S. pharmaceutical industry and patient access to treatments.
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GameStop Reports 22% Jump in Q2 Revenue
GameStop reported a nearly 22% rise in second-quarter revenue Tuesday, as the videogame retailer's efforts to revive its struggling business began to pay off, sending its shares up about 3% in extended trading.
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Oracle Foresees Cloud Business Growing 77% This Year
Oracle said Tuesday it expects revenue in its Oracle Cloud Infrastructure business to grow 77% this year, from earlier projections of 70%, boosted by growing demand for its cloud offerings from companies deploying AI.
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Apple's iPhone 17 Lineup Includes Ultra-Thin 'Air'
Apple Tuesday rolled out its next generation of iPhones that includes a new ultra-thin model and a slight price hike for one of its high-end models, while the company feels the squeeze of a global trade war.
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Microsoft to Use Anthropic's AI for Office 365
Microsoft will pay to use Anthropic's technology for some AI features in Office 365 apps, the Information reported Tuesday, in a sign that the software firm is diversifying its artificial intelligence portfolio.
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US Power Use to Reach Record Highs in 2025 and 2026, EIA Says
U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook (STEO) on Tuesday.
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Judge Approves Vanguard's $25M Settlement Over Mutual Fund Tax Bills
A federal judge approved Vanguard Group's $25 million settlement of a lawsuit accusing the U.S. mutual fund company of improperly saddling investors in its target-date funds with inflated tax bills.
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Ben & Jerry's Co-Founder Wants Unilever Spin-Off
Ben & Jerry's co-founder Ben Cohen said Tuesday that the ice cream brand had, amid tension with it parent Unilever, tried to engineer a sale to investors at a fair market value between $1.5 billion-$2.5 billion, which had been knocked back.
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Cracker Barrel Nixes Store Remodels
Amid fierce backlash over its streamlined logo, Cracker Barrel Old Country Store said it will no longer remodel its stores.
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Calif. Regulators May Force OpenAI Exodus
OpenAI is facing growing political pressure in California as state regulators and advocacy groups question its high-stakes restructuring plan, raising concerns that the company's future as a for-profit enterprise could be in jeopardy.
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Ford to Recall 1.5M Vehicles for Faulty Rearview Camera
Ford is recalling about 1.5 million vehicles in the United States due to a rear-view camera issue causing inverted, distorted, or blank image, the National Highway Traffic Safety Administration said Tuesday.
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EchoStar Sells Spectrum Licenses to SpaceX for $17 Billion
EchoStar on Monday agreed to sell wireless spectrum licenses to SpaceX for its Starlink satellite network for about $17 billion, in a bid to resolve a regulatory review over underutilization of its assets for 5G service expansion.
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Solar Installation Forecast Slashed Amid Rising Costs
The U.S. solar industry might install 27% less capacity between 2026 and 2030 than projected before President Donald Trump's tax law rolled back subsidies for renewable projects, according to a report released Monday.
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DOJ Backs NH Employer in Rejecting Funding Sex Changes
The Department of Justice is supporting a New Hampshire employer being sued for refusing to cover treatment for an employee's gender dysphoria.
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Howard Stern Walks Away From SiriusXM After Two Decades
Howard Stern, the popular radio host who gave a massive boost to the nascent satellite radio business when he signed a blockbuster, multimillion dollar contract for SiriusXM almost two decades ago, has abruptly left the company.
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WH Presses FDA to Fast-Track Nicotine Pouch Reviews
The U.S. Food and Drug Administration plans to fast-track reviews of four tobacco firms' nicotine pouches in a pilot program launching Monday, amid pressure from the Trump administration to speed up approvals, according to meeting transcripts seen by Reuters.
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Trump Says Foreign Companies Need to Train Americans After Hyundai Raid
President Donald Trump said on Sunday that foreign companies need to hire and train American workers and respect immigration laws, following a raid at a Hyundai Motor manufacturing facility in the U.S. state of Georgia last week.
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South Korea Vows Support to Koreans Arrested in US Immigration Raid
South Korean President Lee Jae Myung ordered all-out efforts on Saturday to respond to the arrests of hundreds of the nation's citizens in a U.S. immigration raid on a Hyundai Motor car battery factory.