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TSMC Reports Record Profit, Fueled by AI Chip Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) posted a record third-quarter profit of NT$763.1 billion, exceeding estimates and marking its …
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Anthropic Revenue Surges 45% to $16.8 Billion Ahead of Planned IPO
Anthropic, the artificial intelligence company behind the Claude chatbot, reported third-quarter revenue of $16.8 billion, a 45% increase fr…
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Inflation Rises in September as Energy Prices Surge
U.S. inflation increased in September, driven by rising energy prices, the Labor Department said on Wednesday. The Consumer Price Index show…
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IMF Chief Urges Wealthy Nations to Address Mounting Global Debt
The head of the International Monetary Fund is urging the U.S. and other wealthy nations to urgently address rising global debt levels, whic…
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Netflix to Cut 1,000 Jobs Amid Slowing Revenue Growth
Netflix will lay off approximately 1,000 employees, roughly 6% of its workforce, in its largest round of job cuts since 2022. The cuts will …
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Bank of America Fined $1.2 Billion for Anti-Money Laundering and Sanctions Violations
Bank of America has been ordered to pay $1.2 billion to the Treasury Department for violating anti-money laundering and sanctions laws, mark…
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Starbucks Denies Chipotle Takeover After Reports of Exploration
Starbucks has stated it is not pursuing a takeover of Chipotle Mexican Grill, following reports last week that the coffeehouse chain had eva…
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US Economists Win Nobel for Models Analyzing Economic Shock Responses
Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Memorial Prize in Economic Sciences for their work on models that incor…
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Nobel Economics Prize Awarded to Hall and Woodford for Macroeconomic Stabilization Models
Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Prize in Economic Sciences for their work developing the microeconomic …
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Hurricane Isaias Disrupts Gulf Coast Oil Production, Threatens Refinery Capacity
Hurricane Isaias is disrupting U.S. crude oil production in the Gulf of Mexico, with companies shutting in roughly 1.3 million barrels per d…
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Skydance Completes $110 Billion Merger with Warner Bros. Discovery
Skydance has finalized its acquisition of Warner Bros. Discovery in a deal valued between $81 billion and $111 billion, creating a new Holly…
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OPEC+ Members Agree to Maintain Oil Production Levels for November
Seven of the world’s largest oil-exporting countries, Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, and Saudi Arabia, agreed Sunday to ma…
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Paramount Reaches Settlement, Clearing Path for $110 Billion Warner Bros. Merger
Paramount Skydance has reached a settlement with a coalition of states that had sued to block its $110 billion merger with Warner Bros. Disc…
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Federal Reserve Raises Interest Rates Amid Shifting Economic Landscape
The Federal Reserve on Wednesday raised its benchmark interest rate, signaling a departure from the low-interest, low-inflation environment …
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Ryanair CEO Michael O'Leary Apologizes for 'High-Fare Rapists' Remarks
Ryanair CEO Michael O'Leary has issued an apology for comparing rival airlines to “rapists,” a statement he initially refused to retract. O’…
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Warren Buffett Steps Down as Berkshire Hathaway Chairman, Names Son as Successor
Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway, a $1 trillion conglomerate he has led since 1965. He will become cha…
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Federal Reserve Raises Interest Rates for First Time Since 2023 Amid Inflation Concerns
The US Federal Reserve on Wednesday raised its benchmark interest rate by a quarter-percentage point to a range of 3.75% to 4%, the first in…
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Federal Reserve Raises Interest Rates, Defying Trump Amid Inflation Concerns
The Federal Reserve on Wednesday raised its benchmark interest rates by 0.25% to a target range of 3.75% to 4.00%, the first increase since …
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Mark Carney Pitches Canada to Investors Amid US Trade Concerns
Prime Minister Mark Carney is actively promoting Canada as a destination for global investment, emphasizing its energy resources, critical m…
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Oil Prices Top $100 a Barrel as US and Iran Exchange Attacks
Oil prices surged above $100 a barrel on Wednesday for the first time since July, driven by escalating conflict between the United States an…
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Jaguar Land Rover to Cut 4,000 Jobs Amid Market Challenges
Jaguar Land Rover (JLR) plans to cut around 4,000 jobs over the next two years as it seeks to save £1.7 billion, citing intense competition …
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U.S. Job Growth Surpasses Expectations in August, Shifting Focus to Inflation
The U.S. economy added 162,000 jobs in August, a figure significantly higher than the 55,000 economists had predicted, while the unemploymen…
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Diesel Prices Hit Record High as Wars and Supply Issues Constrict Global Market
The average nationwide price of diesel fuel reached an all-time high of $5.85 per gallon Friday, according to AAA’s gas price tracker. This …
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Chevron to Invest $7 Billion in Venezuela, Aiming to Double Oil Production
Chevron plans to invest $7 billion in Venezuela over the next five years to more than double its oil production in the Orinoco Belt region, …
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G20 Finance Ministers Agree to Address ‘Cheap Exports’ as China Dissents
Treasury Secretary Scott Bessent said Tuesday that 19 members of the G20 agreed to address streams of “cheap exports” that contribute to glo…
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Warsh Signals Potential Rate Hikes Despite Cooling Inflation
Federal Reserve Chair Kevin Warsh indicated Friday that further interest rate hikes may be necessary to bring inflation down to the Fed’s 2%…
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Canada Imposes $20 Billion in Retaliatory Tariffs on U.S. Goods
Canada announced Tuesday it will impose retaliatory tariffs on $20 billion worth of United States goods, matching dollar-for-dollar new duti…
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Treasury Secretary’s Bond Strategy Draws Criticism From Former Mentor
US Treasury Secretary Scott Bessent is facing criticism for his attempt to manage bond yields, with his former mentor, billionaire investor …
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ESPN Streaming Prices Increase, Impacting Disney+ Bundles
ESPN is raising the price of its streaming subscriptions, effective September 17th. The ad-supported ESPN+ Select plan will increase to $13.…
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Zillow and Redfin Settle FTC Antitrust Case Over Rental Listings
Zillow and Redfin have reached a settlement with the Federal Trade Commission, concluding a case alleging their 2025 partnership violated an…
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California Attorney General Cancels Meeting with Paramount Over Warner Bros. Discovery Deal
California Attorney General Rob Bonta canceled a scheduled meeting with representatives from Paramount and Skydance, citing a perceived lack…
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Oil Prices Fall Amid Anticipation of New Iran Sanctions
Oil prices declined Monday as investors await details of what the U.S. government has described as its “toughest-ever” sanctions campaign ag…
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Buc-ee’s Sues Ohio Mini Mart Over Beaver Logo
Gas station giant Buc-ee’s is facing backlash for pursuing trademark infringement lawsuits against smaller businesses, most recently a mini …
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Trump Administration Temporarily Waives Beef Tariffs to Address High Prices
President Donald Trump announced Friday a deal to temporarily ease tariffs on beef imports, a move intended to lower ground beef prices, whi…
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Meta CEO Mark Zuckerberg Purchases Irish Castle
Meta CEO Mark Zuckerberg and his wife, Priscilla Chan, have purchased Strancally Castle, a Gothic mansion and 440-acre estate in Ireland, fo…
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U.S. Unemployment Claims Drop to 206,000 Amid Low Layoffs
The number of Americans filing for unemployment benefits decreased to 206,000 last week, indicating continued job security and sparse layoff…
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