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Meta, formerly known as Facebook, has been investing heavily in artificial intelligence (AI) with hopes of driving revenue growth in the future. The company’s CEO, Mark Zuckerberg, has been vocal about the positive impact AI has had on Meta’s performance in the digital advertising market. With the recent second-quarter earnings report showing better-than-expected results, it’s
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When Donald Trump, the Republican nominee for president, received support from a portion of the tech investing world, a significant number of venture capitalists immediately rallied behind Vice President Kamala Harris, the likely Democratic nominee. Over 100 VCs joined forces to endorse Harris as she gears up for the November election. This group, known as
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Bill Ackman’s hedge fund, Pershing Square USA, recently withdrew its plans for an initial public offering due to what appeared to be a lack of investor demand. This decision came shortly after the fund announced its intention to raise $2 billion, a significant decrease from the previously speculated $25 billion. Despite the setback, Ackman expressed
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As of Tuesday, the recall of Boar’s Head products has escalated to encompass a staggering 7 million additional pounds of deli and poultry items in a fatal multistate epidemic of listeria. This outbreak has afflicted 34 individuals in 13 states, resulting in 33 hospitalizations and two deaths in Illinois and New Jersey. The deli meat
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The 2025 Ford Maverick pickup truck has undergone a significant redesign, incorporating a host of new features and improvements. One of the notable updates is the refreshed exterior and interior styling, giving the vehicle a modern and sleek appearance. Moreover, the introduction of a 13.2-inch center touchscreen adds a touch of luxury and convenience to
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Samsung Electronics recently announced its second-quarter results, reporting higher-than-expected revenue and operating profit. The company saw a revenue of 74.07 trillion Korean won, which translates to about $53.45 billion, surpassing analysts’ average estimate of 73.74 trillion Korean won. Additionally, Samsung’s operating profit reached 10.44 trillion Korean won, exceeding the projected 9.53 trillion Korean won. This
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Microsoft experienced a 6% drop in shares due to disappointing results from its cloud business. Despite beating expectations in the fiscal fourth quarter, the negative cloud business impact overshadowed these successes. On the other hand, Advanced Micro Devices saw a 5% increase in shares after surpassing second-quarter estimates. The company posted impressive earnings and revenue
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