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2024 Kia Sorento X-Pro: A Rugged Take on the Midsize SUV
The 2024 Kia Sorento X-Pro marks a bold step forward for the Sorento lineup, offering a more rugged, adventure-ready version of this popular midsize SUV.
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2025 Hyundai Ioniq 5 Adds Off-Road XRT Off-Road Trim
The 2025 Hyundai Ioniq 5 Adds Off-Road XRT trim. XRT (extreme rugged terrain) trim - has Pixel wheel, signal, motif and designed for overlanding light off roading.Hyundai's popular EV crossover has been restyled for 2025 and now comes with larger batteries and a Tesla...
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Japan Seeks Tesla Investment in Nissan; Foxconn Approaches Honda
A high-level Japanese group that includes a former prime minister has drawn up plans for Tesla to invest in Nissan after the collapse of its merger talks with Honda, The Financial Times said Friday.
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WSJ: DOJ Probes UnitedHealth's Medicare Billing Practices
The Justice Department has launched an investigation into UnitedHealth's Medicare billing practices in recent months, the Wall Street Journal reported on Friday, citing people familiar with the matter.Shares of the company fell nearly 7% to $466.88 in premarket trading.The...
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Ford to Recall 240K SUVs for Potential Seat Belt Issues
Ford Motor is recalling 240,510 vehicles in the U.S. over potential seat belt issues, the National Highway Traffic Safety Administration said Friday.
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DeepSeek to Share Code, Doubling Down on Open Source
Chinese startup DeepSeek will make its models' code publicly available, it said Friday, doubling down on its commitment to open-source artificial intelligence.
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Tesla Recalls 380,000 EVs Over Power Steering Issue
Tesla said Friday it was recalling nearly 380,000 vehicles in the United States due to a power steering assist failure that could increase steering effort, particularly at low speeds, raising the risk of a crash.
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Billionaire Ryan Cohen Boosts Stake in Alibaba to $1B
Billionaire investor Ryan Cohen has grown his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, The Wall Street Journal reported Thursday.
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Diamondback Energy CEO Stice to Step Down
Diamondback Energy said Thursday CEO Travis D. Stice intends to step down from his role as of the company's 2025 annual meeting of stockholders.
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Citigroup Joins Corporate Retreat From DEI
Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo Thursday, as corporate America contends with a new business climate under President Donald Trump.
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Trump Admin to Press Ahead with Amazon, Meta Antitrust Cases
The Trump administration will press on with its antitrust cases against Amazon and Meta, a top official said Thursday, vowing to maintain pressure on Big Tech's market dominance.
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Netflix to Invest $1 Billion in Mexico Over Next 4 Years
The chief executive of streaming giant Netflix Thursday announced a $1 billion investment to produce some 20 films and TV series in Mexico annually over the next four years.
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Pepsi Joins Companies Backing Away From DEI
PepsiCo Inc. is the latest company to withdraw from its diversity, equity and inclusion programs, Bloomberg reports.
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Florida Sues Target for Defrauding Shareholders on DEI
Target was sued Thursday by the state of Florida for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash among customers that caused its stock price to decline.
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Conference Board Survey: CEOs More Confident Under Trump
CEOs are expressing more confidence under President Donald Trump, according to a new survey. In fact, CEO confidence rose to its highest level in three years, The Conference Board survey results showed Thursday, Axios reported. The survey, conducted in collaboration with The...
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OpenAI's Weekly Active Users Surpass 400 Million
ChatGPT developer OpenAI's weekly active users surged past 400 million in February, a company spokesperson told Reuters Thursday, highlighting rapid growth in the adoption of artificial intelligence tools.
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Amazon's MGM Studios Buys James Bond Franchise
Amazon MGM Studios will take creative control of the James Bond franchise under a new joint venture with longtime rights holders Michael Wilson and Barbara Broccoli, the tech giant said Thursday.
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Walmart Appears to Be Facing Challenges in 2025
Walmart delivered another year of strong sales and profits with its competitive prices an increasingly strong magnet for inflation-weary shoppers, but 2025 appears to come with new challenges in an uncertain economic landscape.
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TikTok Restructures Trust & Safety Team, Lays Off Staff
TikTok is laying off about a dozen global staff members at its trust and safety unit, which handles content moderation, as part of a restructuring, three sources familiar with the matter said Thursday.
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Delta Offers $30K Each to Toronto Plane Crash Passengers
US airline Delta will offer $30,000 to each passenger on a plane that crashed as it landed at Toronto airport this week, the carrier told AFP on Wednesday."This gesture has no strings attached and does not affect rights" of passengers, a company spokesman said.On Monday, a...
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Forever 21 to Close 200 Stores in 2nd Bankruptcy
The U.S.-based operator of Forever 21 was preparing to close at least 200 more locations as part of a bankruptcy process expected to kick off as soon as next month, Bloomberg News reported Wednesday.
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Delta CEO: Flight Crew on Toronto Plane Was Experienced
Delta Air Lines CEO Ed Bastian said Wednesday the flight crew on board the regional jet that flipped upside down upon landing in Toronto earlier this week was experienced.
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Microsoft: Chip Proves Quantum Computers Just Years Away
Microsoft on Wednesday unveiled a new chip that it said showed quantum computing is "years, not decades" away, joining Google and IBM in predicting that a fundamental change in computing technology is much closer than recently believed.
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Apple to Launch Lower-Cost iPhone to Capture a Broader Market
Apple is set to launch its latest budget iPhone model Wednesday as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such Samsung and China's Huawei.
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Musk's X in Talks to Raise Money at a $44B Valuation
Elon Musk's social media company X is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported, citing people familiar with the matter.