Tag: Business
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Gen Digital raises annual forecast on strong cybersecurity demand
Aug 6 : Gen Digital raised full-year revenue and profit forecast on Thursday, signaling robust demand for its family of cybersecurity products in the face of growing AI-powered online threats.The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are m
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Trump signs executive order to protect US polysilicon industry
WASHINGTON, Aug 6 : President Donald Trump has signed an executive order outlining new trade actions to protect the U.S. polysilicon manufacturing industry, a White House aide said on Thursday without providing details. The order lays out “a series of trade and tariff actions under Section 232, intended to e
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Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
The salad chain has not been implicated in the ongoing cyclospora outbreak.
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Savers Value Village thrift store launches new AI tool to price items
Savers Value Village is launching a new AI pricing tool to keep product prices consistent and low, the company told CNBC exclusively.
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AMD buys chip startup that hardwires AI models into its silicon
Taalas’ current chip runs a small version of Meta’s Llama 3.1, though the company is working on chips for bigger and more advanced models.
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American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
American Airlines will no longer give elite frequent flyers free upgrades from economy class to business on some of its longest domestic routes
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CAMP4 advances rare disease treatment for SYNGAP1 into human trials
CAMP4 is preparing a Phase 1/2 trial of an experimental SYNGAP1 therapy, marking a major milestone for patients with the rare disease.
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US agency ends 39% household cap on local TV station owners
WASHINGTON, Aug 6 : The U.S. Federal Communications Commission voted on Thursday to rescind the rule that bars local broadcast station owners from reaching more than 39 per cent of U.S. TV households in a move that could spark industry consolidation.The FCC voted 2-1 to lift the cap in favor of a case-by-case
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Furious pace of AI investment on some Fed officials’ radar now
Aug 6 : Federal Reserve officials are beginning to mull whether the frenzied investment driving the buildout of the artificial intelligence sector is getting out of hand and creating risks for the financial sector.For now, some of the officials who have tackled the subject call for vigilance, dashed with a se
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Genius Sports’ media surge shows shift beyond sportsbook data
Genius Sports, which provides real-time sports data, reported revenue rose 65% in the second quarter.
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