Tag: Business
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Hacking attempts against US Federal Election Commission system triggered outage, email shows
NEW YORK, Oct 27 : The US Federal Election Commission’s website has been targeted by a hacker or hackers, disrupting the agency’s electronic filings system a week before the November 3 elections, according to an email seen by Reuters.In a statement, the FEC said that, “at this time, the FEC’s electronic fil
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Boeing shares sell off on slower-than-expected 737 production, weaker free cash flow outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will miss its 737 production and jet delivery targets this year, dealing a setback to its recovery and sending shares tumbling nearly 10 per cent, their worst day in more than 18 months.The company also said it expects free cash flow
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Exclusive-US agency is again probing if Polymarket broke 2022 settlement, sources says
NEW YORK, Oct 27 : A US regulator is investigating whether prediction market operator Polymarket violated a 2022 enforcement deal in which it promised to ban US users from its main overseas platform, reviving an inquiry the agency shuttered last year without bringing charges, said two people familiar with the matter
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ASM International expects Q4 sales above forecasts, to hit 2030 goal three years early
Oct 27 : ASM International forecast on Tuesday fourth-quarter revenue above expectations and said it would reach its 2030 sales target three years early, driven by AI-related capacity investments.The Dutch chip equipment maker expects fourth-quarter revenue of 1.23 billion euros ($1.37 billion), plus or minus
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US agency approves Amazon Leo’s $11.5 billion acquisition of Globalstar
Oct 27 : The Federal Communications Commission said Tuesday it has approved Amazon Leo’s $11.57 billion deal to acquire Globalstar.Amazon Leo has launched more than 300 satellites since April 2025 and aims to deploy about 3,200 satellites in Earth’s low orbit by 2029. Through the deal, Amazon adds Globalsta
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Early third-quarter earnings show a ‘resilient’ U.S. consumer, with signs of strain
Companies from Royal Caribbean to Coca-Cola and UPS say they are seeing steady consumer spending despite high inflation.
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Boeing shares plunge on slower-than-expected 737 production, weaker free cash flow outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will miss its 737 production and jet delivery targets this year, dealing a setback to its recovery and sending shares tumbling nearly 10 per cent, their worst day in more than 18 months.The company also pushed back its free cash flow
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Trump says he will ban term artificial intelligence
WASHINGTON, Oct 27 : US President Donald Trump said he would ban the term artificial intelligence in documents and everything else, as he questioned why the Wall Street Journal was not using his preferred term, super intelligence.”When will The Wall Street Journal start calling Artificial Intelligence (AI), a
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AI stocks have rattled U.S. and emerging markets. Japan and Europe could help investors diversify
Turbulence in the tech sector underscores the importance of a more diversified portfolio.
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Robinhood CEO’s AI startup Harmonic expands into software, chip design verification
Oct 27 : Harmonic, the AI startup co-founded by Robinhood CEO Vlad Tenev, said on Tuesday it was expanding its Aristotle model from mathematical proofs into software and chip design verification, as AI’s growing use in detecting software flaws draws increased scrutiny.Researchers recently used the technology
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