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Republicans Push Back Against Trump’s $1.5 Trillion Defense Plan
Republicans are showing rare resistance to Trump’s massive defense budget proposal, raising concerns over spending clarity and political timing ahead of midterm elections.
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BYD new mega factory will be the size of san francisco
In 2024, Chinese automaker BYD once again surpassed Tesla not only in production but also in revenue. BYD reported earnings of $107 billion, outpacing Tesla’s $97.7 billion for the year.
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AI real estate agent surpassed $100 Million in sales
Portuguese real estate brokerage Porta da Frente Christie’s has integrated eSelf AI’s technology, generating over $100 million in sales through AI-driven leads.
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China Launches World’s First 10G Broadband Network:
Picture this: you hit play on a 20GB 4K movie, and it’s fully downloaded before you grab a snack. That’s now possible in Sunan County, Hebei Province, thanks to China’s new 10G broadband network
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Eurozone Faces Inflation Spike Risk if Iran Conflict Escalates, ECB’s Lane Warns
Escalating tensions between the United States and Iran are shaking global markets, pushing oil prices higher and raising concerns about inflation across the eurozone.
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Tether CEO confirms major capital raise
Tether is exploring a $15–20 billion raise that could push its valuation near $500 billion, rivaling SpaceX and OpenAI.
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Trump Pushes Tech Firms to Prioritize American Workers
Trump calls on tech giants to stop hiring foreign workers, including Indians, urging a focus on U.S. jobs in AI.
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JPMorgan Results Trigger Quick Investor Reaction
JPMorgan’s quarterly results missed expectations due to a one-off charge, sending shares lower despite a resilient economic outlook from management.
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“AI will probably most likely lead to the end of the word”
"AI will probably most likely lead to the end of the world, but in the meantime, there'll be great companies."
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Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
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BlackRock CEO Larry Fink Says Further 20% Market Drop Is Possible
BlackRock CEO Larry Fink stated that the market could experience a further 20% decline, but emphasized that the current downturn presents a long-term buying opportunity, as the situation doesn't pose a systemic risk.
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Google buys Wiz for $32B
Google has announced the largest acquisition in its history, acquiring Wiz, a cloud security startup, for $32 billion in an all-cash deal. The agreement has now been officially confirmed.
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Skype Shuts Down After Two Decades
After more than 20 years of service, Skype officially shut down on May 5, marking the end of an era for one of the first major video- and voice-calling platforms.
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uber will allow you to book helicopter ride next year
Uber users will soon be able to book Blade helicopters in New York, cutting airport travel to just minutes.
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Nvidia to produce AI servers worth up to $500 billion in US
Nvidia has announced plans to build AI servers worth up to $500 billion in the U.S. over the next four years, in collaboration with partners like TSMC.
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Intel stock soars on Q1 earnings beat, strong outlook
Intel shares jumped after stronger-than-expected Q1 results and optimistic Q2 guidance, driven by data center demand and AI-related growth.
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Pentagon signs $200 million deal with Elon Musk
The Pentagon signs a $200M deal with Elon Musk's xAI for its Grok chatbot, amid controversy and political fallout with Donald Trump.
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IBM Replaced Hundreds of HR Workers With AI
IBM confirms it replaced HR employees with AI, but overall headcount increased as the company reinvests in AI and strategic roles.
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Cerebras Prices IPO at $185 per Share, Raising $5.55 Billion
Cerebras Systems has priced its IPO above expectations, raising $5.55 billion and becoming the largest U.S. market debut of the year.
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Larry Ellison overtook Musk as world’s richest person
Larry Ellison briefly surpasses Elon Musk as the world’s richest man, with Oracle’s growth and ties to politics, media, and technology shaping his influence.
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