Month: February 2025
House Judiciary Committee subpoenas Alphabet, Meta, other tech giants over ‘foreign censorship’ of speech
Rep. Jim Jordan (R-OH) is interviewed by FOX and Friends at the U.S. Capitol on Jan. 3, 2025 in Washington, DC. Chip Somodevilla | Getty Images House Judiciary Chair Jim Jordan, R-Ohio, sent subpoenas to eight technology companies asking for more information about their communications with foreign governments over concerns that they seek to “censor […]
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Stocks to watch as copper comes in Trump’s tariff crosshairs, driving up U.S. price premium
Copper miners are likely to see divergent outcomes as U.S. tariffs on the metal loom — raising the potential for a domestic supply crunch while also driving up the U.S. copper price premium over the London Metal Exchange. U.S. COMEX copper futures jumped Tuesday night and on Wednesday after U.S. President Donald Trump signed an […]
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SEC says most meme coins are not securities
A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images The Securities and Exchange Commission issued guidance Thursday evening saying it does not deem most meme coins securities under U.S. federal law. Meme coins “typically have limited or no use or functionality” and are “more akin to collectibles,” according to the agency. […]
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Autodesk says it will cut 1,350 employees, or 9% of workforce, to make the most of sales changes
Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023. Chris Ratcliffe | Bloomberg | Getty Images Design software maker Autodesk said Thursday that it will lay off 1,350 employees, which works out to 9% of its workforce. The job cuts follow a series of […]
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Meta plans to release standalone Meta AI app in effort to compete with OpenAI’s ChatGPT
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Meta AI will soon become one of the social media company’s standalone apps, joining Facebook, Instagram and WhatsApp, CNBC has learned. The company intends to debut […]
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Stocks making the biggest moves after hours: Dell, Autodesk, Duolingo, NetApp and more
Check out the companies making headlines in extended trading. Autodesk — Shares popped nearly 7% after the design technology company exceeded expectations for fourth-quarter earnings. Autodesk earned $2.29 per share, excluding items, on $1.64 billion in revenue, while analysts polled by LSEG anticipated a profit of $2.14 a share and revenue of $1.63 billion. NetApp […]
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Dell forecasts $15 billion of AI server sales this year
Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but earnings topped Wall Street expectations. Here’s how the hardware company […]
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Senators grill Trump’s CFPB director pick: You are ‘on the Titanic, good luck’
Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump’s pick to lead the […]
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Watch live: Trump holds joint press conference with British Prime Minister Keir Starmer
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump and British Prime Minister Keir Starmer are holding a joint press conference at the White House on Thursday. Starmer and Trump were set to discuss the war […]
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OpenAI launching GPT-4.5, its next general-purpose large language model
Sam Altman, chief executive officer of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images OpenAI on Thursday announced the research preview of GPT-4.5, a general-purpose large language model. It will initially be […]
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