Tag: Business
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Wall Street can wait: Why one U.S. biotech firm is listing in Hong Kong first
Global biotech firms are increasingly being drawn to Hong Kong for its growing investor base and proximity to Chinese pharmaceutical partners.
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Illinois man sentenced for hacking Snapchat accounts to steal nude photos
July 21 : An Illinois man was sentenced on Tuesday to more than six years in prison after admitting he hacked the Snapchat accounts of hundreds of women in order to steal any nude or semi-nude photos they had, which he then kept, sold or traded on the internet.Kyle Svara, 27, was sentenced by U.S.…
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The company behind Post-it notes has found an unlikely role in the AI buildout
3M CEO Bill Brown said its optical connectivity technology can cut fiber installation time by up to 85% as hyperscalers build AI data centers.
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Cramer’s lightning round: ‘I prefer KeyCorp to Truist’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Super Micro sees strong margins, books $60 billion in orders; shares jump
July 21 : Super Micro Computer said on Tuesday it had secured more than $60 billion in new orders in the fourth quarter, and now expects gross margin to exceed its previous forecast, sending its shares surging 17.5 per cent in extended trading.Artificial-intelligence infrastructure firms have seen demand acce
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Jim Cramer says this old-school investing concept still wins — even in the AI boom
CNBC’s Jim Cramer urged investors to diversify beyond the market’s hottest AI winners, warning that no single investment theme should dominate a portfolio.
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US senator urges Wall Street to reject offer of paid early access to Trump posts
July 21 : A top Democratic U.S. senator on Tuesday urged banks and trading firms to shun a new product offering early access to posts on President Donald Trump’s Truth Social platform, warning it creates a “very troubling form of information asymmetry” for government policies, while Wall Street banks showed little
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Super Micro expects stronger quarterly margins, shares jump
July 21 : Super Micro Computer said on Tuesday it expects to post fourth-quarter gross margins above its previous forecast, driving its shares up 16 per cent in after-hours trading.AI infrastructure firms have seen accelerated demand as tech companies and cloud providers ramp up investments in data centers to
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Gang claims responsibility for hack at Coca-Cola’s fairlife unit
WASHINGTON, July 21 : Hacking gang Anubis claimed credit on Tuesday for an attack on Coca-Cola-owned dairy company fairlife, threatening to publish stolen data unless it received an unspecified ransom.The group made the claim on its dark web site, saying it had stolen 1 terabyte of data from fairlife.C
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OpenAI says AI models went rogue during testing, triggering ‘unprecedented’ breach at startup
July 21 : OpenAI said on Tuesday that some of its AI models went rogue during a security test and triggered a hack that compromised the infrastructure of AI startup Hugging Face last week.In a blog post, OpenAI said it was testing the capabilities of some of its most advanced models in a controlled environmen
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