News - 2025-01-07

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Layoffs come at a time of growing losses and turmoil over editorial decisions at the US newspaper.

Prosecutors said that Theodore Farnsworth, who ran the parent company of MoviePass, had misled investors about its popular subscription plan.

(Bloomberg) -- OpenAI rival Anthropic is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?Lightspeed Venture Partners is leading the

The luxury carmaker will almost double the size of its factory to build more one-offs.

Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill.

Stocks sold off in Tuesday’s regular session, spurred by profit-taking in Big Tech names and worries about the Federal Reserve’s rate cuts.

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Nvidia stock (NVDA) fell Tuesday, reversing direction after a rally fueled by CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas late Monday.

The Defense Department added video game maker Tencent Holdings to its "blacklist" of companies doing business in the U.S. while allegedly aiding the Chinese military.

Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.

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Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.

While Republicans praised the move, some groups cautioned that effectively ending Meta’s fact-checking program would also lead to more conspiracy theories.

As Nvidia races to bring more of its next-gen chips online, CEO Jensen Huang expects revenue from its new Blackwell chips to eclipse its previous Hopper platform early this year.

President-elect Donald Trump on Tuesday announced a $20 billion investment for data centers in the United States by an Emirati company led by billionaire Hussain Sajwani, a close business partner of the Trump family. The investment by DAMAC Properties in the United Arab Emirates is intended to highlight Trump's personal ability to attract new money for big projects.

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The social networking giant will stop using third-party fact-checkers on Facebook, Threads and Instagram and instead rely on users to add notes to posts. It is likely to please President-elect Trump and his allies.

The show on Sunday averaged 9.3 million viewers, down from 9.4 million the year before.

Fleeing fraud charges, Samuele Landi evaded extradition treaties, dabbled in crypto, procured diplomatic credentials and took advantage of all the offshore world has to offer.

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The DEI rollback across corporate America now includes the country's best-known fast-food chain, which said Monday that it would retire its practice of setting aspirational representation goals known as quotas.

Fact-checking groups that worked with Meta said they had no role in deciding what the company did with the content that was fact-checked.

Toyota’s mobility subsidiary will invest $44.3 million investment into a Japanese rocket company, Interstellar Technologies, according to a Tuesday announcement.

Online spending throughout the 2024 holiday shopping season reached a record high and was driven, in part, by generative AI chatbots that funneled traffic to retail sites.

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Nvidia stock (NVDA) fell Tuesday, reversing direction after a rally fueled by CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas late Monday.

Louisiana Attorney General Liz Murrill says she is preparing a lawsuit against the Biden adminsitration to reverse President Biden's ban on new offshore drilling.

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The Chancellor may face the prospect of breaking her own Budget rules

Yinan Zhu declined to say whether it retailer's suppliers used Chinese cotton amid concerns over forced labour.

The longtime Republican lobbyist for Meta was named to the company’s top policy role last week.

Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.

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The quits rate and hiring rate are now lower than they were before the pandemic.

It comes after workers at the fast-food chain told the BBC they are still facing sexual abuse and harassment.

The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is "a bad idea" as the billion-dollar deal was legally blocked.

The lawsuit, an unusual strategy for the oil giant, comes after California’s attorney general sued Exxon last year alleging it misled the public about plastics recycling.

The layoffs will affect employees across The Post’s business operations, not its newsroom.

Nvidia stock rose early Tuesday following CEO Jensen Huang’s keynote at the tech industry’s annual CES trade show in Las Vegas the prior evening, which included major product updates such as a new AI superchip.

Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.

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With Barr's resignation, a more precise image of incoming bank deregulation is forming.

Facebook and Instagram will instead rely on "community notes" from its users, an approached pioneered by X.

The move will end a third-party fact-checking system and rely on users to add notes or corrections to posts. It is likely to please the incoming Trump administration and its conservative allies.

President Biden's last-minute ban on offshore gas and oil drilling in 625 million acres of federal waters was met with condemnation from business and energy groups.

Investors are weighing Nvidia's big AI plans and puzzling over Trump's tariff policy in the wait for fresh jobs data.

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(Bloomberg) -- A vast empty field in Germany’s depressed east is where, for a moment, Olaf Scholz’s ambition to create a lasting economic legacy looked unstoppable.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusIs This Weird Dome the Future of Watching Sports?NYC Congestion Pricing Takes Effect After Years of DelaysIt was on that plot outside Dresden that the chancellor, wielding a shove

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The former Bank of Canada and Bank of England chief has long been considered a contender for Liberal leader.

President-elect Trump's return to the White House could bring an uptick in mergers and acquisitions, as markets anticipate tax and regulatory reforms that will boost dealmaking.

The direction of interest rates remains a key point of focus for investors as 2025 trading begins.

Latin American payments firm dLocal has secured a U.K. payment institution license, adding to its growing portfolio of licenses as it furthers global expansion.

The retailer expects employee costs to increase by £73m due in part to rising National Insurance

The UK's biggest mortgage lender says house prices rose 3.3% during the course of 2024.

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The announcement was part of Mr Huang's address at CES, an annual technology show in Las Vegas.

The Taiwanese Coast Guard said seven Chinese nationals were aboard a ship suspected of causing the damage.