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In an article published today, it was revealed that Mark Zuckerberg experienced a significant decrease in net worth after comments made by the CEO during Meta’s latest earnings call caused its stock price to plummet. Although Meta surpassed expectations regarding revenue and profit for this period, investors were less than thrilled with their lighter-than-expected…
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ByteDance, the Chinese parent company of popular social media app TikTok, has denied reports that it is exploring selling its US business without the algorithm that recommends videos to users. In a statement on news aggregation platform Toutiao, owned by ByteDance and widely used in mainland China, the company said foreign media claims that…
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A man named Douglas Sollenberger from Tampa, Florida has been accused of pointing lasers at over 40 incoming flights at the city’s international airport since January. The incidents have posed a serious danger to both pilots and passengers as they could potentially cause accidents due to impaired vision during landing procedures. On Thursday morning,…
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President Joe Biden could face difficulties ahead of Pennsylvania’s election after over 60,000 write-in votes were cast during Tuesday’s primary, with an organized protest movement against his handling of the Israel-Hamas conflict claiming credit. The Uncommitted PA campaign called for voters upset about Biden’s actions to vote against him and set a goal of…
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In today’s Asia-Pacific markets update, major indices were mostly up ahead of the Bank of Japan’s policy decision and Tokyo’s inflation figures. While economists expect no changes to monetary policy from BOJ, traders will monitor any actions taken regarding the weak Japanese yen. Although headline inflation for April came in at 1.8%, core prices…
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In a positive development that eased investors’ concerns regarding Microsoft’s expenditure on artificial intelligence (AI) technology and its lack of corresponding revenue from cloud services, the tech giant reported impressive financial results after market close yesterday. These figures have helped to alleviate any anxieties surrounding AI infrastructure expenses without commensurate earnings in this area…
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The lawyers for former President Donald Trump have turned to George Washington’s “Farewell Address” as evidence that he would support “absolute immunity” from criminal prosecution for his client. However, the historical significance of this document has been distorted by these claims, according to CNN contributor and historian John Avlon, author of a book about…
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Former Tesla executive Drew Baglino sold shares worth $181.5 million just days after announcing his departure from the electric vehicle company amid recent staff layoffs and declining first-quarter revenue, according to a filing with the SEC. The sale follows two earlier transactions this year in which he unloaded around $4m of stock options each…
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During an interview with NBC News’ Kristen Welker following the Supreme Court hearing on former President Donald Trump’s claims of absolute immunity from criminal prosecution while in office, Senate Minority Leader Mitch McConnell stood by his previous statements that presidents should not have such unlimited protection. However, he also clarified that ultimately it is…
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As India rolls out new policies aimed at boosting its position in Electric Vehicle (EV) manufacturing, the country’s secretary of Department of Promotion of Industry and Internal Trade has expressed confidence that these measures will attract more global players to the market. Rajesh Kumar Singh told CNBC last month’s initiatives would offer concessional tariffs…