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Making Garment Reveals Challenges of US Manufacturing
The American Trench, a Philadelphia-based fashion brand whose garments are made entirely in the U.S., recently added the classic navy blazer to its catalog. The process was easier said than done and shows how challenging American manufacturing is.
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Musk Will Resume Working '24/7' at His Companies
Elon Musk's social media platform X was largely restored for most users after an outage that impacted tens of thousands of users in the United States on Saturday, according to outage tracking website Downdetector.com, following which he said that he is "back to spending...
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Trump: US Steel to Remain in USA, Partner With Nippon
President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a "planned partnership" that seemed to signal that he'll approve a bid by Japan-based Nippon Steel to make a big investment in the iconic American...
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Trump Says Tariffs on Apple Will Also Apply to Samsung
President Donald Trump said on Friday that a 25% tariff he says he will impose on Apple will also apply to Samsung and other smartphone makers.
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Justice Dept Reaches Deal With Boeing
The U.S. Justice Department said on Friday it has struck a deal in principle with Boeing to allow it to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane crashes that killed 346 people.
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Wall Street Week Ahead: Nvidia Earnings in Focus
An earnings report from semiconductor giant and artificial intelligence bellwether Nvidia takes center stage for Wall Street in the coming week, as stocks hit a speed bump of worries over federal deficits driving up Treasury yields.
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Oracle to Buy $40B Nvidia Chips for OpenAI Data Center
Oracle will spend around $40 billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, The Financial Times reported Friday.
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Apple Stock Loses $100B After Trump's Tariff Threat
Apple shares dropped nearly 4% Friday after President Donald Trump issued his latest threat of a 25% tariff on the Big Tech company if it does not start manufacturing iPhones in the U.S.
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Volvo CEO: Customers Must Pay Large Part of Tariffs
Volvo Cars CEO Hakan Samuelsson told Reuters Friday the company's customers would have to pay a large part of tariff-related cost increases.
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Trump Threatens 25% Tariffs on Apple Unless iPhones Are Made in the US
President Donald Trump Friday threatened to put a 25% tariff on Apple products unless iPhones are manufactured in the United States.
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Trump Warns Apple of 25% Tariffs if iPhones Not Made in US
President Donald Trump said on Friday Apple will have to pay a 25% tariff if phones sold in the country are not made within its borders. Shares of the iPhone maker fell nearly 3% on the news in premarket trading.
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WSJ: US Banks Eye Move Into Crypto With Joint Stablecoin
Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.
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FTC Probes Media Matters Over X's Boycott Claims
The U.S. Federal Trade Commission has demanded documents from Media Matters about possible coordination with other media watchdogs accused by Elon Musk of helping orchestrate advertiser boycotts of X, according to a document seen by Reuters on Thursday.
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Microsoft Fires Employee Who Interrupted CEO's Speech to Protest AI Tech for Israeli Military
Microsoft has fired an employee who interrupted a speech by CEO Satya Nadella to protest the company's work supplying the Israeli military with technology used for the war in Gaza.Software engineer Joe Lopez could be heard shouting at Nadella in the opening minutes Monday...
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Disney CEO Told 'The View' to Temper Trump Bashing
Top executives of ABC News and network parent company Disney, including CEO Bob Iger, told the hosts of "The View" to tone down their bashing of President Donald Trump, guidance they ignored...
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Dimon Meets China's Vice Premier, Who Calls for Deeper Cooperation
Chinese Vice Premier He Lifeng met with JPMorgan Chase Chief Executive Jamie Dimon in Beijing Thursday, the official Xinhua news agency reported, calling on the U.S. banking group to deepen cooperation with China.
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Walmart Eliminating 1,500 Jobs to Lower Expenses
Retail bellwether Walmart plans to cut about 1,500 jobs as part of a restructuring plan to lower expenses, The Wall Street Journal reported, citing a person familiar with the matter.
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Nike to Hike Prices up to $10 Due to Trump Tariffs
Nike announced it will be raising prices for apparel and equipment sourced from overseas in response to President Donald Trump's tariffs.
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Amazon CEO: People Are Buying
Amazon CEO Andy Jassy told employees and investors during a shareholder meeting that business is holding steady.
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Trump Lays Into NBC Reporter, Calls for Comcast Investigation
President Donald Trump, while answering questions in the Oval Office Wednesday with South African President Cyril Ramaphosa, laid into NBC News' correspondent Peter Alexander and told him that Comcast, his network's parent company, and its CEO Brian Roberts should "be investigated."
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Microsoft Saves 400K Windows Computers From Malware
Microsoft said Wednesday its Digital Crimes Unit (DCU) filed a legal action against Lumma Stealer last week, after it found nearly 400,000 Windows computers globally infected by the information-stealing malware in the past two months.
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OpenAI Buys Jony Ive's Startup for $6.5 Billion
OpenAI will acquire Jony Ive's startup io Products and bring the former Apple design chief on board as creative head to help build devices tailored for the generative artificial intelligence era, the ChatGPT maker said Wednesday.
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Target Q1 Sales Drop, Warns of Declines for All of 2025
Target's challenge to revive sales and its status as a cheap chic retailer just got more complicated. The discounter announced on Wednesday that sales fell more than expected in the first quarter, and the retailer warned they will slip for all of 2025 year as its customers,...
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Shopify AI Tool Can Build Complete Online Stores
Shopify Wednesday rolled out a generative artificial intelligence feature that would allow merchants on its e-commerce platform to set up their online stores by entering descriptive keywords.
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Lowe's Reports Smaller Drop in Sales, Won't Raise Prices
Lowe's Cos. posted a smaller-than-expected drop in first-quarter comparable sales Wednesday, helped by customer spending on home maintenance projects even as they held off on big-ticket purchases amid higher borrowing costs.