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Oil Traders Bet $500 Million Before Trump Delayed Iran Strike
Traders bet half a billion dollars on the price of crude only 15 minutes before U.S. President Donald Trump announced a five-day delay to attacks on Iran's energy infrastructure that sent the market plunging, exchange data and Reuters calculations showed.
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Lawmakers Urge Crackdown on Nvidia Chips Flowing to China
A bipartisan group of lawmakers is demanding the Trump administration take immediate action to block the flow of advanced U.S. artificial intelligence technology to China after a major smuggling scheme exposed serious gaps in export enforcement.
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US Stocks Outperform Global Rivals in Iran Fallout-for Now
In the market fallout from the Iran war, U.S. equities have held up better than their counterparts in other global regions, but that relative strength may not shield them from more severe declines should the Middle East conflict drag on.
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BlackRock CEO Backs Staying Invested Amid Volatility
Asset management giant BlackRock's CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
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Wall St Week Ahead: Ongoing Iran War, Energy Surge
A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued to developments in Iran and the fallout from surging energy prices.
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CBS News Laying Off 6% of Staff
CBS News has begun a new round of layoffs, with top leadership citing sweeping changes in the media landscape and a need to reposition the organization for the future, Business Insider reports.
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Amazon Eyes Smartphone Comeback After Fire Phone Flop
In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone , overseen directly by founder Jeff Bezos , was scrapped in barely over a year, one of Amazon's highest-profile flops.
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Netflix Eyes K-Pop Boom With 'Demon Hunters' Global Tour
Netflix is moving to turn its biggest film hit into a global live-events franchise, betting on the explosive growth of K-pop to unlock a major new revenue stream, Bloomberg reports.
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Uber to Invest Up to $1.25B in Rivian for Robotaxis
Uber says it will invest up to $1.25 billion in Rivian Automotive to help launch up to 50,000 robotaxis.
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DOJ Antitrust Head: Paramount-Warner Deal Review Is Not Political
Paramount Skydance's proposed acquisition of Warner Bros Discovery will "absolutely not" have a fast track to approval because of political factors, the head of the U.S. Department of Justice's antitrust division told Reuters in an interview Wednesday.
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Nvidia Is Now Getting Orders From China
Nvidia may finally be gaining traction in China, with fresh signs that regulatory approvals are translating into real orders - a development that could help break the stock out of its prolonged trading slump, MarketWatch reports.
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Pimco Sees 'Wake Up Moment' on Private Credit Liquidity Crisis
Mounting strains in the $1.8 trillion private credit market are forcing a reckoning among investors, as redemption pressures, loan quality concerns, and structural risks expose the limits of an asset class long marketed as a steady source of yield, Bloomberg reports.
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Macy's 4Q Results Strong But Outlook Uncertain
Macy's reported stronger-than-expected profits in the crucial fourth-quarter, and comparable sales rose again.
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Morning Bid: Fed Plot Unfolds
Given the backdrop of war and oil price volatility, investors' focus later today will be on whether Federal Reserve officials consider the inflationary implications of the oil shock significant enough to alter their forecast for one U.S. interest rate cut this year.
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Amazon: AI to Double AWS Sales to $600 Billion by 2026
Amazon CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate.
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New Cancer Immunotherapy Killed Whole Tumors
Researchers at Rockefeller University are reporting encouraging results from an early clinical trial of a redesigned cancer immunotherapy that is injected directly into tumors. In the small study, six of 12 patients experienced tumor shrinkage, and two patients went into...
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Kraft Heinz to Launch High-Protein Mac & Cheese
Kraft Heinz said Tuesday it plans to launch high-protein Mac & Cheese as part of CEO Steve Cahillane's efforts to revive the packaged food maker after hitting pause on its plans to split.
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Trump Revives American Dream of Homeownership
President Donald Trump Tuesday signed two executive orders to revive the American dream of homeownership, cutting red tape that has made mortgages harder to obtain and more expensive for millions of Americans.
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Nvidia CEO Boldly Forecasts $1Trillion in AI Chip Sales
Nvidia chief Jensen Huang expects the artificial intelligence chip powerhouse to bring in at least a trillion dollars in revenue through next year.Huang made the ramped-up revenue forecast Monday while outlining Nvidia's latest innovations for a packed audience at the...
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OpenAI to Sell AI to US Agencies via Amazon Cloud
OpenAI has signed a new deal to sell access to its AI models to U.S. defense and government agencies through Amazon's cloud unit for classified and unclassified work, the ChatGPT maker said Tuesday.
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US Airlines See Strong Spring Demand Even as Fuel Costs Jump
U.S. airlines Tuesday reported stronger-than-expected travel demand heading into the spring, supporting higher fares and revenue growth, even as a surge in jet fuel prices linked to the Iran war has pushed operating costs higher.
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Amazon Unveils 1-Hour Delivery, Targeting Walmart
Amazon is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the U.S., including Los Angeles and Chicago, in its latest efforts to stave off e-commerce competition from its biggest rival, Walmart.
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Soros CEO & CIO Warns of a Reckoning
Dawn Fitzpatrick, CEO of Soros Fund Management, says overallocated LPs, frozen distributions, and mounting margin-call risk are converging into a sector-wide shakeout.
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Meta Planning Sweeping Layoffs as AI Costs Mount
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter said, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
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Amid Market Swings, Patience Is a Winning Strategy
When stock markets are as manic as they've been recently, it's natural to want to do something to protect your retirement savings. Historically, though, staying calm has usually been best.