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People Hawk TikTok-Loaded Phones for Thousands
People are listing phones preloaded with TikTok for tens of thousands of dollars on eBay, Facebook marketplace and other online storefronts - though it is not clear if there are many buyers at those prices.
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Target Ends DEI Initiatives of Past Three Years
Discount store chain Target said Friday that it would join rival Walmart and a number of other prominent American brands in scaling back diversity, equity and inclusion initiatives.
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Ford Recalls 270K Broncos, Mavericks for Power Problem
Ford Motor Co. is recalling 272,827 Broncos and Mavericks due to a power problem that can cause vehicles to stop unexpectedly or fail to start.
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Amazon Prime Video Shifts Focus to Live Sports
Amazon's Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported Friday.
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Meta to Invest up to $65B in Capital Expenditure in 2025
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
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UnitedHealthcare Names Company Veteran as New CEO
UnitedHealthcare has named Tim Noel, an 18-year company veteran, as its new chief executive officer, following the murder of its former CEO Brian Thompson in New York in December, CNBC reports.
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AmEx Profit Jumps on Resilient Credit Card Spending
American Express reported a 12% jump in fourth-quarter profit Friday, as more consumers swiped cards during the holiday season for travel and online shopping.
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Meta Urgently Fixing AI Bot's Inability to Name President Trump
The inability of Meta's AI chatbot to identify the current president of the United States was elevated to urgent status by the Facebook owner this week, requiring a fast fix, a person familiar with the issue said.
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Boeing Forecasts Bigger-than-expected Q4 Loss
Boeing expects to report a larger-than-expected loss when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said Thursday, due to charges at its defense unit and losses from a crippling strike.
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JPMorgan CEO Dimon Got 8% Pay Increase in 2024
JPMorgan Chase said on Thursday CEO Jamie Dimon's 2024 compensation climbed about 8.3% to $39 million.The pay package included a base salary of $1.5 million and $37.5 million in incentives.
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OpenAI Unveils Tool to Automate Web Tasks
Generative artificial intelligence heavyweight OpenAI Thursday previewed an AI agent that can carry out tasks on the web for users, as it seeks to enhance its chatbot amid intensifying competition.
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Walmart to Pay Some Managers $600K a Year
Top Walmart managers will now make more than $600,000 a year as American's biggest retail chain overhauls its compensation, from hourly workers on up, CNN reports.
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Purdue Pharma to Pay $7.4B in OxyContin Settlement
Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, the attorneys general from several states announced Thursday. The...
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CNN's Acosta Considers Leaving Amid Time Slot Talks
CNN anchor Jim Acosta is considering leaving the network amid discussions with the cable news outlet that would strip him of his morning time slot in exchange for a midnight eastern broadcast instead, it was reported. Acosta has been an on-air personality for ...
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Trump Accuses BofA, JPM of Not Servicing Conservatives
U.S. President Donald Trump, speaking remotely at the World Economic Forum Thursday in Davos, Switzerland, accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives.
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CNN to Lay Off 200 in Digital Restructuring
CNN expects to lay off about 200 people as part of a restructuring announced Thursday that pivots the news organization toward a more digitally oriented future.
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CNN Valuation Plummets by Half to $2.3B
CNN's net worth fell by nearly half between 2021 and 2023, Yahoo Finance reports, citing financial reports disclosed at the network's defamation trial.The network's valuation fell by 47.7%, from $4.4 billion in 2021 to $2.3 billion in 2023.The company's annual revenue also slipped,...
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Costco Defends Its Diversity Policies
Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.
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American Airlines Falls 11% on Downbeat 2025 Forecast
American Airlines forecast 2025 profit below Wall Street expectations Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers.
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Puma Shares Tumble 16% After Sales, Profit Miss
Puma shares fell by 16% as the market opened Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a decline in annual profit.
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Ford to Recall 270K Vehicles Over Battery Concern
Ford Motor is recalling 272,817 vehicles in the United States on concerns over battery failure, the National Highway Traffic Safety Administration (NHTSA) said Thursday.
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Hyundai Motor Nears GM Tie-up Deal
South Korea's Hyundai Motor said Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand.
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Union Checks if Boeing Is Sending Work to Non-Unions
Boeing's engineering union is formally investigating claims from its members that the company is moving work to non-union locations in the United States and overseas.
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FCC: Complaints Against Networks 'Not Frivolous'
Federal Communications Commission Chairman Brendan Carr told Newsmax Wednesday that the multiple complaints filed against the three major broadcast networks "are not frivolous."
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Rep. Krishnamoorthi: TikTok Buyers Lining Up
Buyers of the popular video-sharing app TikTok are lining up, Rep. Raja Krishnamoorthi, D-Ill., suggested to Newsmax. On Monday, President Donald Trump signed an executive order postponing the app's ban for 75 days.