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Tesla Pivots to Full-Service Driving in US, Canada
Tesla has discontinued its basic driver-assistance system, Autopilot, in Canada and the U.S., in an attempt to push customers toward a more advanced version of the technology branded as Full-Self Driving (Supervised).
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Amazon's Chicago Mega-Store to Dwarf Walmart
Amazon is going big - really big - in Chicago, unveiling plans for a 230,000-square-foot mega-store outside the city that would be larger than the average Walmart and nearly big enough to swallow two Targets whole.
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Citigroup to Lay Off More Employees in March
Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month, according to two sources with knowledge of the matter.
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Amazon to Lay Off 10% of Corporate Staff Next Week
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter.
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TikTok Deal Puts US Investors in Control, Locks Down American User Data
TikTok said Thursday it has created a majority American-owned joint venture to run its U.S. operations, a move aimed at protecting Americans' data and resolving national security concerns that had threatened to ban the popular video app, Barron's reports.
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Intel Sinks 13% as Supply Chain Issues Hit Turnaround
Intel's shares plunged 13% in premarket trading Friday after the company struggled to meet strong AI demand for data-center chips due to supply constraints, disappointing investors betting on its turnaround.
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Microsoft 365 Down for Thousands of Users
Microsoft's suite of productivity software was down for thousands of users Thursday, according to outage tracking website Downdetector.com.
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FDIC Clears Way for Ford, GM to Set up Industrial Banks
The Federal Deposit Insurance Corporation announced Thursday it had approved deposit insurance applications from Ford Motor Company and General Motors Company, clearing the way for the auto manufacturers to establish industrial banks and begin providing financial...
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Trump to Add Times/Siena Poll to Defamation Lawsuit
President Donald Trump on Thursday railed against "fake polls," saying he would add the New York Times/Siena poll to his defamation claim against the news outlet.
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BofA, Citi Consider New Credit Cards With 10% Rate
Bank of America and Citigroup are considering options to offer new credit cards with an interest rate cap of 10% to satisfy President Donald Trump's demands, Bloomberg News reported Thursday.
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Trump Sues JPMorgan, Dimon for $5B Over 'Debanking'
President Donald Trump filed a lawsuit Wednesday seeking at least $5 billion from JPMorgan Chase & Co. and CEO Jamie Dimon, accusing the bank of cutting off his long-standing accounts for political reasons.
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Paramount Extends Warner Bros. Tender Offer to Feb. 20
Skydance-owned Paramount is again extending the tender offer window in its $77.9 billion hostile takeover bid for Warner Bros. Discovery, while doubling down on a coming proxy fight.Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece...
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P&G Revenue Misses Due to Weak US Spending
Procter & Gamble Thursday fell just short of Wall Street expectations for its second-quarter revenue, held back by weak consumer spending in core categories such as U.S. laundry detergent and toilet paper, which overshadowed strength in its beauty products.
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House Panel Finds CVS May Have Broken Antitrust Laws
CVS Health may have violated federal antitrust laws by pressuring independent pharmacies to avoid using money-saving services outside the company's pharmacy benefit manager network, according to a House Judiciary Committee report released Wednesday, The Hill reported.
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Theranos Founder Holmes Asks Trump for Clemency
Theranos founder Elizabeth Holmes has asked President Donald Trump to commute her sentence after she was convicted of defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion, a notice on the Justice Department website showed.
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Apple to Revamp Siri as a Built-In Chatbot
Apple plans to revamp Siri later this year by turning the digital assistant into the company's first artificial intelligence chatbot, Bloomberg News reported Wednesday.
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Musk, Altman Spar Over Whose Tech Is Killing More People
OpenAI CEO Sam Altman has pushed back against claims by Elon Musk that ChatGPT is dangerous, escalating a public feud between two of the most prominent figures in artificial intelligence as scrutiny of AI safety intensifies worldwide.
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Stellantis Just Pulled the Plug on the Hybrids - And No One Is Being Straight About Why
Jeep bet huge on electrification. It promised buyers they could keep everything that made a Jeep a Jeep: capability, toughness, and identity while adding electric efficiency. For a brief moment, that bet paid off.
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Kraft Heinz at 6-Year-Low on Berkshire's Potential Stake Sale
Kraft Heinz's shares slumped about 7% to a near six-year low Wednesday after the Heinz ketchup maker disclosed that Berkshire Hathaway may sell its 27.5% stake as the food giant prepares to split into two businesses.
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Hot-Diggity-Dog: Smithfield Buys Iconic Nathan's Famous
U.S. pork processor Smithfield Foods will buy century-old Nathan's Famous in a $450 million deal that adds the most iconic U.S. hot dog name to its portfolio of brands, the company said Wednesday.
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Netflix Q4 Beats as Subscribers Reach 325 Million
Netflix slightly exceeded Wall Street's revenue estimates for its holiday quarter, as it crossed 325 million subscribers, the company said Tuesday.
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GoldenTree to Buy $200M of Saks Bankruptcy Financing
Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported Tuesday.
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Netflix's $82.7B All-Cash Warner Bid Wins Board Support
Netflix submitted an amended all-cash offer for Warner Bros Discovery's studio and streaming businesses, winning the unanimous support from the HBO owner's board without increasing the $82.7 billion purchase price, according to a regulatory filing Tuesday.
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Elon Musk Nears $800B Net Worth After xAI Funding
Elon Musk is no longer just the world's richest man. He's fast becoming a category unto himself, Forbes reports.
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Tesla Poised to Be Early Winner as Canada Opens Door to Chinese-Made EVs
Tesla is poised to be one of the first automakers to benefit from Canada's move to remove 100% tariffs on Chinese-made EVs, thanks to its early efforts to ship cars from its Shanghai plant there and its established Canadian sales network, experts say.