Tag: business news
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A tax break for preserving land has drawn IRS scrutiny. Here’s when it still makes sense
For wealthy landowners, conservation easements can still make sense if you avoid these IRS red flags.
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Comcast earnings highlight NBCUniversal strength ahead of planned split
Comcast said earlier this year it would split the cable businesses from the media business, creating two separate publicly traded companies.
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Moonshot AI accessed Nvidia’s chips despite Chinese export ban, White House official says
A White House official said Moonshot AI, which released the powerful Kimi K3 model last week, accessed Nvidia’s GB300 chips in Thailand.
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China’s Geely to make EVs at Ford plant in Spain under new joint venture
Ford and Geely plan for the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028.
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IRS chief Frank Bisignano may have misled Congress, Democrats say
The IRS alone hemorrhaged more than 31,000 employees as of January in President Trump’s government cuts, according to the agency’s inspector general.
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Ozempic face? Botox maker reports boost from ‘sagging face’ trend
The aestetics company hope increased GLP-1 use will fuel demand for treatments addressing facial volume loss, sometimes dubbed “Ozempic face.”
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Google slapped with $1 billion fine under landmark EU digital law
European regulators fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services.
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Goldman tests the bubble case behind the IPO boom
While U.S. IPO issuance is on track for a record-breaking year, Goldman Sachs views the surge as a normalization of market activity.
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UniCredit CEO tells CNBC full acquisition of Commerzbank could happen in fourth quarter
UniCredit CEO Andrea Orcel told CNBC Thursday that the Italian bank could “potentially” acquire Commerzbank in the fourth quarter.
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‘Project Firepower’: Inside Rheinmetall’s gunpowder expansion as Europe races to replenish its ammunition
Scarcity of gunpowder is seen as a choke point for ramping up production of ammunition for militaries, and a barrier for Europe to ensure defense sovereignty
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