Category: Stocks
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Audacy Receives Court Approval to Emerge from Bankruptcy
Audacy, Inc. (OTC: AUDA), a prominent player in the radio broadcasting and podcasting industry, has announced a significant development in its restructuring process. The United States Bankruptcy Court for the…
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SEC Charges Andrew M. Komarow for Securities Trading Scheme
The Securities and Exchange Commission (SEC) has initiated administrative proceedings against Andrew M. Komarow for his involvement in a securities trading scheme. Komarow, a resident of Avon, Connecticut, was a…
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SEC Hits Christian Fernandez with Cease-and-Desist for Deceptive Practice
The Securities and Exchange Commission (SEC) has initiated cease-and-desist proceedings against Christian Fernandez, also known as Christian Crockwell, for his involvement in a scheme to deceive investors. The scheme involved…
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Capital One to Acquire Discover Financial Services in $35 Billion All-Stock Deal
Capital One Financial Corp. has sealed a $35 billion all-stock agreement to acquire Discover Financial Services, paving the way for the formation of the largest credit card company in the…
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Founder of Daiso, Japan’s 100-Yen Shop, Hirotake Yano, Dies at 80
Hirotake Yano, the visionary behind Japan’s beloved 100-yen shop chain Daiso, comparable to the dollar store in the United States, passed away at the age of 80. Yano succumbed to…
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Accenture to Acquire GemSeek: Boosting Customer Analytics Portfolio
Accenture, traded as ACN on NYSE, is set to acquire GemSeek, a major player in customer experience analytics. GemSeek helps global businesses understand customer behavior through insights, analytics, and AI…
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Microsoft Pledges $2.1 Billion to Boost AI and Cloud Services in Spain
Microsoft is set to significantly enhance its artificial intelligence (AI) and cloud infrastructure in Spain with a hefty $2.1 billion investment over the next two years. This announcement was made…
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JPMorgan Fined $350 Million for Incomplete Trade Reporting
JPMorgan Chase & Co has agreed to shell out around $350 million in civil penalties to settle issues with regulators over its reporting of trading data. The financial giant disclosed…
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Musk to Appeal Judge’s Decision on SEC Testimony Demand in Twitter Takeover Case
Elon Musk is gearing up for a legal showdown, seeking a U.S. District Court’s intervention to review a magistrate judge’s directive that compels him to testify in the Securities and…
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OpenAI Valuation Skyrockets to $80 Billion, Employees Cash Out in New Deal
OpenAI, the AI powerhouse behind innovations like ChatGPT, has recently completed a significant deal, catapulting its valuation to $80 billion, according to the New York Times. This development, backed by…
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Meta Announces Extra Charges for iOS Ad Due to Apple’s Fees
Meta Platforms has just rolled out a new policy that will see businesses shelling out an additional 30% service charge for boosting their posts on Facebook and Instagram, but only…
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Trump’s Social Media Venture Valued at $10 Billion in Merger, Eyeing Stock Market Listing
Donald Trump’s media company, behind the social media app Truth Social, is gearing up for a stock market listing through a merger with a special purpose acquisition company (SPAC), Digital…
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Elon Musk Fights SEC Probe Order Over Twitter Takeover
Elon Musk is pushing back against a U.S. magistrate judge’s decision that’s in favor of the Securities and Exchange Commission (SEC), which wants him back for more testimony regarding his…
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Sony Expects 20% Decrease in PS5 Sales, Announces Financial Business IPO
Sony has revised its full-year sales forecast for the PlayStation 5, lowering the expected unit sales from 25 million to 21 million, citing weaker-than-anticipated sales during the year-end shopping season….
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Andrej Karpathy Departs OpenAI to Pursue Personal Projects
Andrej Karpathy, a notable figure in the artificial intelligence community and one of the original members of OpenAI, has announced his departure from the organization. In a message shared on…
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Nvidia Inches Closer to Surpassing Alphabet in Market Value, Outshines Amazon
In a close race on Wall Street, Nvidia is on the brink of surpassing Alphabet to become the third most valuable company, as it ended Tuesday with a market capitalization…
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SpaceX Fined Over Worker Safety Violations After ‘Near Amputation’ Incident
Elon Musk’s SpaceX was fined $3,600 by U.S. worker safety officials this month following an accident at its Washington state facility, which resulted in a “near amputation” event, as per…
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Airbnb Projects Q1 Revenue Surge Amid Strong Global Travel Demand
Airbnb, the renowned short-term rental platform, has set its sights high for the first quarter, projecting revenue figures that soar past Wall Street predictions. The optimism is fueled by a…
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GoTo Clarifies: No Merger Talks with Grab Holdings Amid Financial Strides
Indonesia’s ride-hailing giant, GoTo, has officially stated that it is not in discussions with Grab Holdings regarding a potential merger, countering recent speculations. This clarification came after Bloomberg News reported…
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Instacart Beats Q1 Forecasts but Announces Job Cuts Amid Cost-Reduction Efforts
Instacart, the grocery delivery platform, has projected its first-quarter gross transaction value (GTV) and core profits to surpass analyst expectations. Despite this optimistic outlook, the company disclosed plans to eliminate…
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