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TMN - OpenAI

OpenAI Secures Strategic Investment from SoftBank

On Wednesday, OpenAI announced a major investment from SoftBank, marking a pivotal moment in the intersection of artificial intelligence (AI) and global business. This collaboration aims to enhance OpenAI’s development of AI models while expanding SoftBank’s footprint in transformative technologies. While the exact investment figure remains undisclosed, the partnership underscores SoftBank’s commitment to fostering groundbreaking …

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Google Under DOJ Pressure to Sell Its Chrome Web Browser

On Monday, insiders revealed that the US Department of Justice (DOJ) plans to ask a judge to force Alphabet’s Google to divest from its Chrome internet browser. The DOJ is set to tap federal judge Amit Mehta to handle the most aggressive attempt by the Biden administration to dissolve Big Tech monopolies. Judge Mehta ruled …

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tesla

Tesla Surges on Growing Optimism After Trump Win

On Friday, Tesla Incorporated stocks soared as the recent presidential victory of Republican Donald Trump sparked growing optimism. The company’s stock price climbed by 8.19% to $321.22 per piece on November 08’s Asian afternoon session. More importantly, it is anticipated to leap further by 6.84% to $343.19 a share in today’s pre-market trading. On top …

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Wheat Price Edge Higher Due to Russian Crop Worries

On Thursday, wheat prices increased amid Russia’s weather concerns, which affected its supply-lifting futures and outlook over possible shipment limitations. In the Asian afternoon session, wheat futures for December shipments bolstered by 1.19% to $6.06 per bushel. According to reports, the grain sales totaled 433,560 million tons (MT) ended on October 3, almost half of …

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TMN-X

X Complies with Judge Orders, Seek to Lift Ban in Brazil

On Friday, Elon Musk’s X reportedly sought Brazil’s Supreme Court to lift the platform ban and agreed to an order to block nine accounts investigated for hate speech. According to reports, the platform had complied with orders to halt the spread of disinformation. Additionally, Musk had resisted for over five months, describing the situation as …

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Coffee Prices Surge Amid Key Producers’ Weather Fears

On Tuesday, coffee prices rose due to worries that unfavorable weather conditions in key producers would result in smaller output. US crop futures for December delivery increased by 5.00% to $263.30 per pound. London robusta coffee futures for November contracts surged by 3.87% to $5,259.00 per metric ton. According to reports, Brazil has been experiencing …

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intel

Intel Rises After Closing Billion-Dollar Deal with Amazon

On Tuesday, Intel’s stock rose after it landed a multibillion-dollar deal with Amazon’s cloud unit to co-invest in a custom AI semiconductor. The California-based firm’s stock climbed by 2.68% to $21.47 apiece in the closed session. However, it later declined by -0.65% to $21.33 per stock in the pre-market trading. As part of the multibillion-dollar …

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Broadcom Reveals Mixed Q3 Financial Performance, Stock Dips

On Friday, Broadcom revealed a mixed third-quarter financial performance for fiscal year 2024 as its stocks plummeted. The chipmaker’s stock closed the trading session by plunging by -10.35% to $137.00 per share. It plummeted on failed to impress investors, who were betting on solid demand for artificial intelligence (AI) chips to stir substantial growth. Furthermore, …

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