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FedEx Quarterly Profit Rises But Tariffs Dent Forecast
FedEx reported a higher quarterly profit but forecast 2026 earnings per share largely below analysts' estimates, as it anticipates a hit from the U.S. decision to end tariff exemptions on low value direct-to-consumer shipments.
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Report: Tesla's 'Full Self-Driving' - May Not Be
A Tesla driver in Texas was testing the company's Full Self-Driving (FSD) software in June when his vehicle nearly drove through a railroad crossing with the gate arms descending and lights flashing.
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Google Adds Gemini to Chrome After Antitrust Reprieve
Google will integrate Gemini into its Chrome browser for users in the U.S. starting Thursday, just weeks after a federal judge spared the company from a forced breakup in an antitrust case.
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Microsoft to Build $4B Wisconsin Data Center
Microsoft Thursday said it plans to build a second massive artificial intelligence data center in Wisconsin, bringing its spending in the state to more than $7 billion.
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FTC Sues Live Nation, Ticketmaster for Collusion
The U.S. Federal Trade Commission is suing Live Nation and its ticketing arm Ticketmaster for tacitly allowing ticket brokers to violate its policies and scoop up millions of concert tickets later sold to fans at a significant markup, the agency said on...
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Trump, UK Sign $200 Billion Tech Prosperity Deal
President Donald Trump met U.K. Prime Minister Keir Starmer on Thursday, the final day of the U.S. leader's state visit to Britain, with tech investment, steel tariffs and potentially tricky talks over Ukraine and Gaza on the agenda.
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Waymo Launches Arizona Robotaxi Public Transit
Alphabet's Waymo will offer its autonomous rides on Via Transportation's public transit platform, starting with Chandler city in Arizona, the companies said Thursday.
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Dems Want FCC Chair to Resign for Pressuring ABC
Democratic leaders in the U.S. House Thursday called on the chair of the Federal Communications Commission to resign after he pressured Walt Disney and ABC affiliates to stop airing "Jimmy Kimmel Live" after the late-night show host made comments about Charlie Kirk's...
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Cracker Barrel Slumps 10% on Logo Blowback
Cracker Barrel shares fell nearly 10% before the bell Thursday, after social media backlash around the restaurant chain's short-lived decision to change its decades-old logo hit customer traffic and prompted it to scrap store remodel plans.
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Spirit to Slash Flight Capacity by 25%, Cut Jobs
Spirit Airlines is set to cut jobs as the airline plans to reduce capacity by 25% year-on-year in November, according to a memo, deepening woes for the low-budget carrier.
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Amazon Broke Shopper Protection Law, Judge Rules
Amazon violated consumer protection law by gathering Prime subscribers' billing information before disclosing the service's terms, a judge ruled, handing the U.S. Federal Trade Commission a partial win.
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Meta in Talks With Media Firms for AI Content Licensing Deals
Meta Platforms has been in talks in recent months with media firms including Axel Springer, Fox Corp and News Corp to license news content for integration into its artificial intelligence products, The Wall Street Journal reported Thursday.
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Nvidia Bets Big on Intel With $5 Billion Stake
Nvidia Thursday said it will invest $5 billion in Intel, throwing its heft behind the struggling U.S. chip foundry, but stopped short of giving Intel a crucial manufacturing deal.
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Sen. Schiff Urges Insurers to Commit to Covering Vaccines
Sen. Adam Schiff, D-Calif., sent letters to insurers Thursday ahead of a key CDC vaccine panel meeting asking the companies to publicly commit to covering routine vaccines for illnesses such as measles and COVID-19 no matter the group's recommendations.
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ABC Suspends Jimmy Kimmel's Late-Night Show Over Kirk Remarks
ABC has suspended Jimmy Kimmel's late-night show indefinitely following comments he made about Charlie Kirk's killing.
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Tyson Foods to Drop Corn Syrup, Additives by 2025
Tyson Foods will remove high-fructose corn syrup from its products by the end of the year as part of an effort to cut controversial additives, The Hill reported.
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Air India Crash Victim Families Sue Boeing, Honeywell
The families of four passengers killed in the June 12 crash of an Air India Boeing 787 said in a lawsuit that the accident resulted from allegedly faulty fuel switches, which the U.S. Federal Aviation Administration has said do not appear to have caused the accident that...
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Google, PayPal Partner to Roll Out AI on Platforms
Google and PayPal have entered a multi-year strategic partnership to bring new AI shopping and payment experiences to their users, the companies said Wednesday.
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Zelenskyy: We Have $3.5 Billion for US Weapons for War
Ukraine expects there will be around $3.5 billion by next month in a fund to buy weapons from the United States and help sustain its more than three-year fight against Russia's all-out invasion, Ukrainian President Volodymyr Zelenskyy said Wednesday.
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StubHub Valued at $9.3 Billion in NYSE Debut
Shares of StubHub rose about 8% in their New York Stock Exchange debut Wednesday, valuing the ticket reseller marketplace at $9.32 billion, adding to a streak of positive day-one receptions for technology platforms.
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Puma Surges on Report of CVC, Authentic Brand Bid
Two investors are preparing a takeover bid for German sportswear maker Puma, Manager Magazin reported Wednesday, pushing its share price up more than 11%.
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Amazon Commits $1B for Higher Wages, Lower Healthcare Costs
Amazon says it's making a $1 billion investment to raise wages and lower the cost of health care plans for its U.S. fulfillment and transportation workers.The Seattle-based company said Wednesday the average pay is increasing to more than $23 per hour and said that some of...
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General Mills Beats Quarterly Sales Estimates
General Mills beat quarterly sales estimates Wednesday, as price cuts taken in past on select products lifted demand.
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BofA Raises US Minimum Hourly Wage to $25
Bank of America raised its minimum hourly wage to $25 per hour across the United States, the lender said Wednesday, fulfilling its 2021 pledge to meet the threshold.
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Russia Developing Starlink Rival at 'Rapid Pace,' Space Chief Says
Russia will soon have a rival to Elon Musk's satellite internet service Starlink, as it tries to shift away from outdated thinking that has allowed SpaceX to win the crown of satellite dominance, Russia's space chief said Wednesday.