Tag: business news
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Ex-Apollo CEO Leon Black says Jeffrey Epstein duped him out of more than $60 million
“I knew Jekyll. I didn’t know Hyde,” Leon Black says about Jeffrey Epstein in his prepared statement to the House Oversight and Government Reform Committee.
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Goldman Sachs says buy this gambling stock, sees it adding to its sharp 2026 gains
The investment bank initiated coverage of the gaming name with a buy rating.
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One factor that may be partly behind the S&P 500’s curious action this week
There were plenty of reasons for stocks to post a big move on Thursday, but the S&P 500 ended almost exactly where it closed Wednesday.
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Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket’s prediction market platform.
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OpenAI and Anthropic face new AI reality as companies shift from tokenmaxxing to efficiency
Companies are tightening their AI budgets to focus on getting a return on their investment, and that could dampen growth rates at OpenAI and Anthropic.
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Imposter scams led fraud reports to the FTC for fifth straight year in 2025, causing $3.5 billion in losses
The amount lost to imposter scams is part of $15.9 billion in total fraud losses reported to the Federal Trade Commission in 2025
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Robinhood is expensive relative to peers. BTIG says the premium is ‘warranted’
Robinhood stock may look expensive, but it has room to run due to the trading platform’s new product rollouts and other bids to court young clients, per BTIG.
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Estrogen patches are hard to find, and it may not be resolved any time soon
Estrogen patches are in short supply as demand for menopause treatments skyrockets, and it could take at least a year for manufacturers to catch up.
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Nike’s turnaround ‘not enough’ to remain bullish on the stock, KeyBanc says
Nike has made some progress under its “Win Now” strategy, but signs of opportunities to drive considerable upside to the stock are still missing, per KeyBanc.
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Red Lobster’s Ultimate Endless Shrimp promotion described as a ‘car crash for the company, lawsuit says
“Thai Union doubled down on a campaign to squeeze out every drop of value that it could,” creditors said
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