Tag Archives: CNBC

Trump victory may provide TikTok a lifeline to remain in the U.S.

Donald Trump’s election victory may provide a lifeline for TikTok, which faces a potential U.S. ban in January if not divested from parent company ByteDance.

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Tesla initiates sixth Cybertruck recall in a year

Tesla is voluntarily recalling 2,431 Cybertrucks to replace defective drive inverters, according to a filing with the National Highway Traffic Administration.

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AMD to lay off 4% of workforce, or about 1,000 employees

At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.

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Amazon shuts down secret project to develop fertility tracker

The project, codenamed “Encore,” was part of Amazon’s moonshot incubator Grand Challenge, which launched under founder Jeff Bezos.

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BlackRock expands its tokenized money market fund to Polygon and other blockchains

BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.

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Bitcoin climbs above $91,000 for the first time as investors digest postelection gains, inflation data

Bitcoin rose above $91,000 following slightly higher October inflation data Wednesday.

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Buy now, pay later giant Klarna files for U.S. IPO

Klarna, which is known for its popular “buy now, pay later” business, has filed IPO documents with the U.S. Securities and Exchange Commission.

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Amazon debuts discount store with everything under $20 to take on Temu and Shein

Called “Amazon Haul,” the storefront is accessible through the company’s mobile app, and it promises “crazy low prices” on a plethora of goods.

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OpenAI to present plans for U.S. AI strategy and an alliance to compete with China

OpenAI’s official blueprint for U.S. AI infrastructure involves AI economic zones and government projects funded by private investors, according to a document.

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Denmark launches landmark framework for using AI under EU rules — with Microsoft backing

Denmark unveiled a blueprint on how to use generative AI in the corporate world to help firms get into compliance with strict new regulation from the EU.

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