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Biden signs TikTok ban
President Joe Biden recently signed legislation that includes a provision potentially banning TikTok in the United States unless its Chinese parent company, ByteDance, sells the app within a specified timeframe Read more
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Apple Bought Yet Another AI Startup
Apple has acquired Datakalab, a French artificial intelligence startup specializing in on-device AI processing, computer vision technology, and deep learning algorithms. Read more
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Short sellers pocket record weekly profit from Big Tech selloff
Traders who bet against the “Magnificent 7” group of big U.S. tech stocks booked their biggest-ever weekly profit of more than $10 billion last week, with the biggest gains coming from their short position in shares of Nvidia and Tesla. Read more
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Meta Opens Horizon OS to Third Parties
This move is set to expand the ecosystem and potentially disrupt the current market dynamics dominated by major players like Apple and Meta itself. Read more
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High Inflation Has Pushed Rates in the U.S. Up
A stronger dollar makes U.S. exporters less competitive. It makes profits generated overseas less valuable when converted back into dollars. It makes dollar-denominated debt more burdensome for foreign borrowers. Read more
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Amazon’s Secret ‘Big River’ Ops
This operation, initiated under the code name “Project Curiosity” in 2015, involved Amazon creating a subsidiary called Big River Services International. The primary objective of this subsidiary was to operate undercover by selling products on other platforms. Read more
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New Rapidly Charging Sodium Battery
The recent advancements in sodium-ion battery technology have led to the development of new batteries capable of rapid charging, significantly enhancing their potential for widespread use in various applications. Read more
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Is Berkshire Hathaway Stock a Buy?
Legendary investor Warren Buffett doesn’t invest on behalf of clients, but his holding company Berkshire Hathaway (BRK.A 1.18%) (BRK.B 1.30%) is the next best thing. After decades of acquiring dozens of privately held businesses and stakes in public corporations, the publicly traded behemoth is one of the world’s largest companies. Read more
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BRICS Supports Cryptocurrency for Global Trade, Not US Dollar
Russia is advocating to receive payments in cryptocurrencies as the country faces economic sanctions by the US. Read more
