Category: Stocks
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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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Jeff Bezos Sells $2 Billion of Amazon Shares Amid Planned Disposal
Amazon.com’s founder, Jeff Bezos, has offloaded approximately 12 million shares of the e-commerce and cloud computing giant, fetching around $2 billion, a move disclosed in a company filing this Friday….
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IG Group Secures Naming Rights for New Arena in Nagoya, Japan
IG Group, a leader in electronic trading, in collaboration with Aichi International Arena Company, Ltd., and AEG, has announced a landmark 10-year naming rights partnership for a new 17,000-seat arena…
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