Tag: Business
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Carvana stock falls 15% as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
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Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
“Cost went up, prices are going to go up,” Qualcomm CEO Cristiano Amon said in an interview.
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Dollar slips as Fed holds rates steady
NEW YORK, July 29 : The U.S. dollar fell across the board on Wednesday after the Federal Reserve held interest rates steady, a choice that may intensify questions about how U.S. central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target.The widely expec
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OpenAI’s Sam Altman discusses rogue agent and new AI models with US senators
WASHINGTON, July 29 : OpenAI CEO Sam Altman on Wednesday said he is meeting with U.S. senators to talk about his company’s upcoming models, more than a week after his company disclosed that one of its AI systems had gone rogue during testing. Altman met with Senators Raphael Warnock and Bernie Moreno on
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Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
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Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
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US FTC sues Hims & Hers for sending user health info to Meta, Snap
July 29 : The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared with online adve
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Here’s what changed in the second Fed statement under Warsh
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
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US House Democrat asks Musk to answer for polluting xAI data centers
July 29 : U.S. Representative Frank Pallone, the top Democrat on the House Energy and Commerce Committee, on Wednesday demanded documents and answers from Elon Musk about the environmental and public health impacts of his xAI Colossus data center operations in Tennessee and Mississippi.• Pallone sent a lett
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Exclusive-US FTC suing Hims & Hers for sending user health info to Meta, Snap
July 29 : The U.S. Federal Trade Commission is suing Hims & Hers alleging the telehealth platform shared users’ health data with online advertisers despite promising privacy and engaged in deceptive billing and cancellation practices, an FTC spokesperson said. Hims & Hers is one of the largest telehealth
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