Day: September 14, 2024
It was ‘tough on China’ week in Congress, one of the few issues both parties agree on
An exterior view of the U.S. Capitol in Washington, DC on September 9, 2024. Members of the Senate and U.S. House of Representatives return to the Nation’s capitol, following their August recess. Bonnie Cash | Getty Images News | Getty Images From drones to drugs, House lawmakers sought to portray themselves as tough on China as they […]
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When to book holiday travel this fall: ‘That window of low prices is brief,’ economist says
d3sign | Moment | Getty Images If you want — or need — to travel this holiday season, start planning now because the ideal time to book Thanksgiving, Christmas and New Year’s travel is fast approaching. “The most important thing is for travelers to continue to think about planning now and booking in October,” said […]
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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says
OAG’s John Grant said not all airlines took a hit because of the Summer Games. Among the “winners,” he singled out Ryanair, which significantly increased capacity to Paris this summer. Jakub Porzycki | Nurphoto | Getty Images Ryanair Group CEO Michael O’Leary said on Saturday a prolonged Boeing workers’ strike may cut the number of aircraft it receives […]
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DirecTV, Disney reach deal to end blackout in time for college football
DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. The deal comes in time for college football this Saturday, which airs on ABC, ESPN, as well as the SEC Network and ACC Network, as well as the Emmy […]
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Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results
Pfizer‘s experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday. Patients with the condition, called cancer cachexia, who took Pfizer’s treatment saw improvements in body weight, muscle mass, quality of life and physical function, according to […]
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With Apple on board, OpenAI’s next act could be its toughest yet
OpenAI stormed onto the scene with ChatGPT and upended the tech world in less than two years. But over the next few months, the artificial intelligence darling will face some of its biggest tests yet. A highly anticipated partnership with Apple will supercharge its reach, putting it in front of millions of users who may […]
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Bitcoin network hits record level of power, but falling profits push miners to AI
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images It was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash […]
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Why the European Union’s tariffs on Chinese automakers may not work
By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German […]
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Voss Capital wants to maximize shareholder value at International Money Express. How it may play out
Oscar Wong | Moment | Getty Images Company: International Money Express (IMXI) Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It works through company-operated stores, its mobile application and the company’s […]
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Nvidia CEO Jensen Huang revived the AI trade this week. Here’s how the pros are playing it
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. “We’re now in this computer revolution,” Huang said at the Goldman Sachs Communacopia + Technology Conference on Wednesday, “This generative AI is not just a tool. […]
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