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Walmart Reaches $1 Trillion Market Capitalization
Walmart has crossed the $1 trillion market-cap milestone, placing the world's largest retailer among a small group of U.S. companies whose valuations have reached that level - a list largely dominated by technology giants, The Financial Times reports.
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Raid on Musk's X: Freedom Under Fire
Like a Staggering Boxer Before the Knockout: France Raids Elon Musk's X Offices in Paris
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Space Stocks Rise After SpaceX-xAI Merge at $1.25T Valuation
U.S. space stocks rose Tuesday after Elon Musk announced the merger of SpaceX and xAI in a deal that valued the combined entity at $1.25 trillion, a major push to expand artificial intelligence infrastructure outside Earth.Musk estimates that within two to three years, the...
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Iran's Surging Crypto Activity Draws US Scrutiny
U.S. investigators are examining whether specific crypto platforms have facilitated sanctions evasion by Iranian officials, a blockchain researcher told Reuters, as cryptocurrency activity booms in the Islamic Republic.
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Disney Taps Parks Head Josh D'Amaro as CEO
Walt Disney Tuesday named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a wave of consolidation upend the media industry.
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US Lawmaker Flags Nazi-Linked Credit Suisse Accounts
An investigation has identified 890 accounts at Swiss lender Credit Suisse with potential Nazi links, U.S. Senator Chuck Grassley said ahead of a Judiciary Committee hearing on Tuesday on banks' facilitation of the Holocaust. These included previously undisclosed wartime...
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Musk Merges xAI, SpaceX to Power Space Data Centers
Elon Musk has announced that his rocket company SpaceX will take over his artificial intelligence outfit xAI, as he seeks to raise billions of dollars for his science fiction-worthy outer space projects.
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Netflix Co-CEO Faces Grilling by Senate Panel Over Warner Bros Deal
Netflix Co-Chief Executive Officer Ted Sarandos faces a grilling in the Senate on Tuesday at a hearing over how his company's proposed $82.7 billion acquisition of Warner Bros Discovery will affect competition in the streaming entertainment industry.
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Paris Cybercrime Unit Raids X Office, Musk Summoned
French police raided the offices of Elon Musk's social media network X on Tuesday, and prosecutors ordered the tech billionaire to face questions in April related to a widening investigation into the platform, the Paris prosecutor's office said.
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Elon Musk's SpaceX, xAI to Unite Ahead of Mega IPO
Elon Musk is moving to unite SpaceX and artificial intelligence startup xAI in a sweeping merger that would fuse his ambitions in space and AI under one corporate roof, Bloomberg reports.
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Palantir Defends Surveillance Tech as Contracts Jump
Palantir Technologies CEO Alex Karp defended the firm's surveillance technology as it reported a big jump in sales Monday, saying it has safeguards to prevent government overreach, without mentioning U.S. immigration enforcement efforts in Minnesota that have drawn...
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Meta Funnels $65M Into California Super PACs
Meta has poured at least $65 million into two powerful super PACs aimed at influencing California elections, signaling a major escalation in Silicon Valley's efforts to shape state politics as lawmakers weigh stricter regulations on artificial intelligence and the tech industry.
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Oracle Climbs as $50B Raise Calms Data Center Fears
Oracle shares gained 2.5% Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.
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Disney Earnings Boosted by Theme Parks, as CEO Handover Nears
The Walt Disney Company Monday reported quarterly earnings showing that streaming services gained momentum and theme-park revenue hit record levels, but the company warned of a possible slowdown in the United States.
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NHTSA Opens Probe Into 1.27M Ford F-150 Pickups
The National Highway Traffic Safety Administration said on Monday it had opened a safety-related investigation into 1.27 million Ford F-150 pickup trucks following reports of unexpected transmission downshifts without warning or driver input, often accompanied by a...
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Disney Board Close to Picking Parks Chief D'Amaro as Next CEO
The board of Walt Disney Co. is close to promoting theme-park division chairman Josh D'Amaro to the role of chief executive officer and will vote on naming a new leader next week, Bloomberg News reported on Sunday citing people familiar with the matter.
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Cynthia Erivo, Ariana Grande Win 1st Grammy Award Given out Sunday
The 68th annual Grammy Awards are taking place Sunday at the Crypto.com Arena in Los Angeles, and spirits were high from the jump. The Premiere Ceremony, a pre-telecast show, began with musician and host Darren Criss setting the scene...
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How Lego Got Swept up in US-Mexico Trade Frictions
Manufacturing a Barbie or a Lego brick requires large quantities of plastic, much of which comes from China, the world's largest producer of the material.
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Ford Held Talks With China's Xiaomi on EV Partnership, FT Reports
Ford has held talks with electric-vehicle maker Xiaomi about forming a joint venture to manufacture EVs in the U.S., the Financial Times reported on Saturday, citing people familiar with the matter.
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Waymo Seeks $16B at Nearly $110B Valuation, Bloomberg Reports
Alphabet unit Waymo is aiming to raise about $16 billion in a financing round that would value it at nearly $110 billion, Bloomberg News reported on Saturday, citing people familiar with the matter.
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SpaceX Seeks FCC Nod for Solar-powered Satellite Data Centers for AI
Elon Musk's SpaceX wants to launch a constellation of 1 million satellites that will orbit Earth and harness the sun to power AI data centers, according to a filing at the Federal Communications Commission.
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Gone Are the Days of $1 Vegas Buffets - Now $175 Spreads Offer Luxury Dining
Eighty years ago, the first Las Vegas buffet opened with the $1 western-themed Buckaroo Buffet that offered cold cuts and cheese. Today, visitors can drop $175 on luxury buffets with lobster tail, prime rib, and limitless drinks.
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Toyota to Recall 161,000 US Vehicles Over Rear-View Camera Display
Toyota is recalling 161,268 vehicles in the U.S. for a problem with the rear-view camera display when the vehicle is in reverse, the National Highway Traffic Safety Administration said on Saturday.
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America Is Drinking More Coffee but Less of It From Starbucks
Americans are drinking more coffee than they have in decades.
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Nvidia CEO Denies Rift With OpenAI, Plans 'Huge' Investment
Nvidia plans to make a "huge" investment into OpenAI, probably its largest ever, CEO Jensen Huang said on Saturday, denying he was unhappy with the ChatGPT maker. The chipmaker in September announced plans to invest up to $100 billion in OpenAI.