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The Latest Breaking News on Business

Hong Kong, Shanghai Soar On China Stimulus As Strong Yen Hits Tokyo

Shanghai jumped more than eight percent -- its best day since 2008 -- and Shenzhen more than 10 percent, while Hong Kong briefly leapt around four percent.

Latin Times

Can Southwest CEO Bob Jordan keep activists at bay?

Earlier this month, chairman Gary Kelly told shareholders he would retire next year amid pressure from hedge fund Elliott Management.

Fortune

Huawei guns for Nvidia market share in China — Ascend 910C GPU customer sampling begins

Huawei's latest GPU for AI, the Ascend 910C, has finally hit the sampling stage.

Tom’s Hardware

From analysis to the latest developments in health,
read the most diverse news in one place.

Oil Prices Climb Amid Middle East Tensions

The Middle East war is causing oil prices to rise. Brent crude is up 0.71% to $72.49/barrel, while WTI crude is up 0.63% to $68.61/barrel.

International Business Times

Las Vegas Strip casinos have a problem on their hands

Consumer confidence might be causing a problem for Las Vegas Strip casinos.

The Street

Stellantis Has Way Too Many Unsold Cars

It wants to lower inventory by offering bigger discounts on older cars.

Motor1

China factory surveys show economy weakening, as Beijing steps up support

Surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus

The Independent UK

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U.S. Port Strike Set To Start Tuesday Threatens To Cause Nationwide Shortages and Worsen Inflation

Disruptions at major U.S. ports could delay shipments and raise prices on consumer goods, Biden Administration won't intervene.

Latin Times

$4 billion fund manager puts 3 top stocks in focus

The MSCI All Country World (stock) Index, excluding the U.S., has climbed 8% this year.

The Street

Zuckerberg Augustus: Meta’s emperor rebrands in new clothes

Mark Zuckerberg’s new revamp is a far cry from the zip-up hoodies and suits emblematic of earlier eras of Facebook

The Guardian - US

OpenAI sees $5 billion loss in 2024 and soaring sales as big ChatGPT fee hikes planned, report says

According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.

Fortune

Global Survey Reveals Alarming Cyberattack Trends: Nearly Half Of Respondents Victimized‌ ‌

45% report data compromise, 50% exposed at work, highlighting need for enhanced cybersecurity measures.‌ ‌

Zenger

3 Midstream Energy Dividend Stocks for Steady Passive Income

The rise of artificial intelligence and data centers is driving growth in the midstream energy sector, making companies like Antero Midstream, Kinetik Holdings, and Energy Transfer attractive investment opportunities for steady passive income.

Barchart

Analysts reset Costco stock price targets amid new consumer trends

Here’s what could be next for the wholesale retailer.

The Street

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The Street

Ford CEO says he's sick and tired of making 'boring' cars

In a recent interview, he emphasized the need for Ford to build "iconic" cars.

The Independent UK

Latest talks between Boeing and its striking machinists break off without progress, union says

The union representing Boeing factory workers who are currently on strike in the Pacific Northwest says contract talks “broke off” with the company after another bargaining session

The Street

Dell has a rude awakening for employees over return to office

The tech giant has just announced a major change to its work culture.

The Guardian - US

MyPillow founder Mike Lindell denies nod to neo-Nazis in new ad campaign

Trump booster’s company promotion offers pillows for $14.88, which some see as a reference to a white supremacist slogan

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Salon

Musk boosts misinfo "superspreaders"

Four of the top five accounts Musk interacts with regularly amplify or create baseless conspiracy theories

Android Central

The FTC is stepping up its fight against fake AI promises and scams

The FTC is going after AI companies that are making promises they can't keep.

International Business Times

US Ports Brace For Potential Dockworkers Strike

Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November's closely contested presidential election.

Motorsport

Confirmed: Michael Andretti transitioning out of ownership role within team

Michael Andretti is taking a step back from his ownership role of Andretti Global, but will remain a key part of the organization as an ambassador and advisor.

Fortune

Bitcoin soars past $66,000 as August inflation rate comes in lower-than-expected

Massive inflows to Bitcoin ETFs and China’s recent changes to economic policy.

InsideEVs

Subaru Solterra EVs Are Going For Fire-Sale Prices Through Hertz

You can buy a 2023 Subaru Solterra for under $17,000, if you don't mind driving a disused Hertz rental car.

TechRadar

Dell is ordering hundreds of workers back to the office full time

Dell’s sales staff just got an unwelcome RTO policy update – they need to be in the office five out of five days.

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