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Jury Finds J&J Liable for Cancer in Latest Talc Trial
A jury in Pennsylvania state court Friday awarded $250,000 to the family of a woman who sued Johnson & Johnson alleging its talc-based baby powder was to blame for her ovarian cancer.
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Wall Street Week Ahead: AI 'Whack-a-Mole'
U.S. stock investors will be on guard next week for further volatility induced by fears of artificial intelligence disruption as they also assess the durability of a rotation beneath the market's surface, along with upcoming earnings from Walmart and fresh economic data.
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Wendy's Closes Several Hundred US Restaurants
Wendy's is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.
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Amazon Ends Police Tech Partnership After Backlash
Amazon's smart doorbell maker Ring has terminated a partnership with police surveillance tech company Flock Safety.
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Applied Materials Forecasts Q2 Above Estimates
Applied Materials forecast second-quarter revenue and profit above market estimates Thursday, betting on a boom in demand for AI processors to help drive sales of its chipmaking equipment, sending its shares up 9% in extended trading.
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Plan for Financial Success in 2026
Consider retirement income you'll need, taxes, asset allocation and alternatives to generate safe income. Avoid portfolio "death spiral."
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Einhorn: Gold Replacing Treasurys as Global Reserve Asset
Hedge fund billionaire David Einhorn says gold is increasingly supplanting U.S. Treasurys as the world's leading reserve asset, reflecting growing unease over America's fiscal outlook and trade policy, Business Insider reports.
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Wall Street Pencils in Mid-2026 Fed Rate Cuts
Major brokerages, including Goldman Sachs and Morgan Stanley, expect the U.S. Federal Reserve to deliver its next interest-rate cut in June, while J.P. Morgan sees the next move as a hike in 2027.
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xAI Faces Key Exits, Musk Promises Moon Factories
Half of the original founding team at Elon Musk's artificial intelligence startup xAI has now departed after two co-founders resigned in rapid succession this week, raising fresh questions about talent retention ahead of an expected initial public offering.
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McDonald's Value Deals Spark Franchisee Tensions
McDonald's is chasing something it believes will bring customers back through its golden arches: value.
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Amazon Pharmacy Expands Same-Day Delivery to 4,500 US Cities
Amazon's pharmacy business will expand its same-day delivery prescription service to about 4,500 cities and towns in the U.S. by the end of this year, adding nearly 2,000 new communities to the network.
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Kraft Heinz Halts Split, New CEO to Focus on Growth
Kraft Heinz has paused ongoing work to split the company in half, it said Wednesday, with many of its challenges "fixable and within our control," according to new CEO Steve Cahillane.
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Supply-Side Miracle Explains Dow 50K
Supply-siders were right about lowering tax rates and inflation igniting growth and prosperity. The income redistributionists were wrong that the rich would pay much less taxes. They pay more. The top 1% now pay roughly 40% of the income tax.
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Software Selloff Disrupting Some M&A and IPO Deals
A broad selloff in software stocks is starting to stall deal-making and IPOs in the sector as volatility makes valuations unreliable and potential buyers cautious, about a dozen financial advisers and dealmakers told Reuters.
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Heineken to Cut 6,000 Jobs as Beer Demand Falters
Heineken Wednesday said it would cut up to 6,000 jobs from its global workforce and set lower expectations for profit growth in 2026 than a year earlier, as the Dutch brewer and its peers face weak demand.
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Ford's Q4 Misses; CEO Farley Sees Stronger 2026
Ford Motor's quarterly core profit fell about 50% to $1 billion as it absorbed higher-than-expected costs from a fire at an aluminum supplier, but CEO Jim Farley predicted strong performance this year as the automaker slashes costs and works to produce globally competitive...
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Vatican Bank Launches Two Catholic-themed Equity Indexes
The Vatican Bank launched two new equity benchmarks on Tuesday that choose investments which adhere to Catholic principles, CBS News reported.
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Bizarre Media Enthusiasm for Bad Bitcoin News
Bitcoin - like many other asset classes has been under pressure in recent weeks - but no other asset class is receiving the unbridled cheer from sections of the global financial media when prices fall.
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Paramount Sweetens Warner Bid With 'Ticking Fee'
Paramount said Tuesday it sweetened its $30-per-share all-cash offer for Warner Bros. Discovery by adding a "ticking fee" of $0.25 per share per quarter if the deal doesn't close by Dec. 31, 2026, according to Reuters and the company's new statement.
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Trump Houses: A New Path for First-Time Home Buyers
For most Americans, the foundation of wealth-building is rooted in homeownership.
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OpenAI Tests Ads in ChatGPT
OpenAI has begun testing advertisements in ChatGPT for U.S. users, signaling a new effort to monetize its rapidly growing artificial intelligence platform, the AI company announced Monday.
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Eddie Bauer Store Operator Files for Bankruptcy
Eddie Bauer LLC filed for bankruptcy protection in New Jersey Monday, beginning liquidation sales at 180 of its outdoor apparel stores in the U.S. and Canada, while keeping the door open for a buyer to acquire the company's entire brick-and-mortar retail business.
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Mega IPOs Expected in Breakout Year for Wall Street
Pent-up demand for new listings and a strong pipeline of high-profile private companies such as Elon Musk's SpaceX is setting the stage for what could be a breakout year for the U.S. initial public offering market.
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Apollo, xAI Near $3.4 Billion Deal to Fund AI Chips
Apollo Global Management is close to finalizing a roughly $3.4 billion loan to an investment vehicle that plans to buy Nvidia chips and lease them to Elon Musk's xAI, The Information reported Monday.
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Alphabet Looks to Raise $15 Billion From US Bond Sale
Alphabet is looking to raise about $15 billion from a U.S. high-grade dollar bond sale, Bloomberg News reported Monday, citing people with knowledge of the matter.