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Zuckerberg Not Liable in Youth Mental Health Lawsuits
A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of addicting children to social media.
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Stellantis to Lay Off 400 Workers at Detroit Parts Facility
\Stellantis added to its rising tally of layoffs Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the carmaker reduces costs in its struggling North American business.
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CNN's Van Jones: Turns Out Dems Were the Idiots
Democrats got beat "because the conservatives and Republicans built a different media system," CNN pundit Van Jones said Thursday. "It had to do with online, had to do with podcasts, with streaming platforms. And they were spending their money there."Trump last month spent...
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Tesla Hits $1T Market Valuation as Musk-Backed Trump Win Fans Optimism
Tesla's market value breached the $1 trillion-mark in a sharp rally Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign.
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Boeing to Repay Furloughed Staff, Proceed With Job Cuts
Boeing CEO Kelly Ortberg said Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.
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Nvidia Surpasses $3.6T Market Value After Trump Win
Shares of Nvidia rallied to a record high Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.
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Canada Orders TikTok to Dissolve; App Not Blocked
Canada announced is ordering the dissolution of TikTok's Canadian business after a national security review of the Chinese company behind the social media app but said it won't block access.
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Warner Bros. CEO: Trump Admin May Bring Optimism
Warner Bros. Discovery CEO David Zaslav said a Trump administration might bring "a real positive and accelerated impact on this industry that's needed," specifically deregulation, the Hollywood Reporter reported.
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Elf Beauty, Dollar General Bet Big on Rural Market
Elf Beauty, a maker of affordable cosmetics, is betting on rural markets and a tie-up with Dollar General to fuel its expansion as it hedges against a slowdown in the U.S. cosmetic industry where shoppers have shied away from pricey makeup.
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Nippon Steel Seeks to Close US Steel Deal Before Trump Inauguration
Japan's Nippon Steel hopes to close its $15 billion deal to buy US Steel by year-end before Republican Donald Trump retakes the White House in January, a senior executive said, as the acquisition is core to its future growth.
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Warner Bros Discovery Misses on Studio Unit Weakness
Warner Bros Discovery missed Wall Street estimates for third-quarter revenue Thursday, as its studio business took a hit from fewer blockbuster releases.
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Nissan to Axe 9,000 Jobs on Weak China, US Sales
Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S.
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Musk's Ties to Trump Will Reverberate at Tesla, SpaceX
Billionaire Elon Musk stands to benefit greatly from his ties with U.S. President-elect Donald Trump after the Tesla CEO became one of Trump's most important supporters during the 2024 campaign.
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Stellantis to Lay Off 1,100 Workers at Ohio Jeep Plant
Stellantis said Wednesday it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and reduce inventory across its North American operations.
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JPMorgan CEO Has No Plans to Join Trump Admin: Source
JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join Donald Trump's administration despite questions about whether he would take a senior government role after the U.S. presidential election, a source said.
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Jeff Bezos Congratulates Trump on Victory
Billionaire Jeff Bezos congratulated President-elect Donald Trump on winning the presidential election Wednesday morning, less than two weeks after he prevented The Washington Post from running an endorsement for Democrat presidential candidate Kamala Harris.
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Perplexity Raising New Funds at $9B Valuation
Perplexity is raising new investment that would value the search startup at $9 billion, a source familiar with the matter said Tuesday, a sign of heightened investor enthusiasm around artificial intelligence companies.
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Spirit Aero Raises Doubts Over Its Future
Spirit AeroSystems, a key supplier to U.S. planemaker Boeing, warned Tuesday there was "substantial doubt" the company would be able to continue as a going concern.
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Super Micro Falls as Server Maker Misses Sales Targets
Super Micro Computer, whose auditor unexpectedly stepped down last week, flagged uncertainty Tuesday about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.
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Trump Media Loses $19M in Q3 on Legal Fees, TV Costs
Former U.S. President Donald Trump's media company reported a net loss of $19.2 million in the third quarter, due to legal fees and costs tied to its TV streaming deal.
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Amazon CEO: In-Office Mandate Not 'Backdoor Layoff'
Amazon CEO Andy Jassy said at an all-hands meeting Tuesday that the plan to require employees to be in the office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested.
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AllSides Sees Left Bias in Google Search for Trump, Harris
Technology research center AllSides has documented political bias in search engine aggregater Google News to favor Vice President Kamala Harris over former President Donald Trump in the months leading up to Election Day.
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Home Depot Co-founder Bernie Marcus Dies at 95
Home Depot co-founder and Republican megadonor Bernard "Bernie" Marcus has passed away at the age of 95, the company announced Tuesday.
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Burger King, KFC Miss as Fast-Food Spending Wanes
Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results Tuesday, hit by weak demand in the United States and abroad from budget-stretched customers.
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Walmart, Other Retailers Import Fewer Christmas Goods
Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday.