Day: February 24, 2026
Judge dismisses xAI trade-secrets lawsuit against rival OpenAI for now
A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could refile its case, but for now has failed to allege that OpenAI committed any misconduct. […]
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Governments are rushing to hoard critical minerals as the ‘resource nationalism’ era arrives
A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters A new race to secure critical minerals is unfolding across the global economy. From Washington’s proposed $12 billion Project Vault stockpile to expanding buffers in Asia and […]
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Register now: Applications open for the World’s Top Fintech Companies 2026
Key Points CNBC and Statista chart the top fintech players from around the world, ranging from startups to Big Tech names. The World’s Top Fintech Companies has been expanded this year, with regulation tech — companies helping others meet their financial regulatory obligations — becoming its own segment. Applications are now open for companies to […]
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Cava reports surprise same-store sales growth, driven by menu prices
Cava, the fast-casual Mediterranean restaurant chain, reported record-breaking revenue for fiscal year 2025 on Tuesday and forecast sales growth for fiscal year 2026. Shares gained roughly 10% in extended trading Tuesday. “While there are a lot of factors around us that are creating pressures from a margin perspective, our model has allowed us to be […]
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PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition
Key Points Fintech startup Stripe is reportedly in early discussions to potentially buy PayPal. PayPal’s stock has plummeted over the last year as it faces slowing growth and mounting competition in the digital-payments market. Stripe hit a $159 billion valuation on Tuesday and said it was on track to reach an annual run rate of […]
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Stocks making the biggest moves after hours: Workday, Cava, Lucid Group and more
Check out the companies making headlines in after-hours trading. Lucid Group — Shares of the electric vehicle maker fell more than 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. Workday — Workday shares dropped […]
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Head of Amazon’s AGI lab is leaving the company
Amazon logo on brick office building facade with windows, San Francisco, California, Aug. 29, 2025. Smith Collection | Gado | Archive Photos | Getty Images The head of Amazon’s artificial general intelligence lab is leaving the company less than two years after joining through a so-called acqui-hire deal of his startup Adept. David Luan announced […]
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State of the Union: Trump to announce plans for new tax cuts through budget reconciliation
President Donald Trump speaks during an event to honor “Angel Families” who have lost family members to crimes committed by people in the country illegally, at the White House in Washington, Feb. 23, 2026. Evelyn Hockstein | Reuters President Donald Trump is set to call for a new tax cut proposal during his State of […]
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Workday stock sinks on weak revenue guidance
Aneel Bhusri, co-founder of Workday, speaks at the Workday Charity Classic on the Stanford University golf course in Stanford, California, on Aug. 28, 2024. David Paul Morris | Bloomberg | Getty Images Workday shares fell 8% in extended trading on Tuesday after the human resources and finance software maker reported light quarterly guidance. Here’s how […]
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Lucid widely misses earnings expectations, forecasts continued EV growth in 2026
A Lucid Gravity coming off the line at the company’s factory in Casa Grande, Arizona Lucid Group reported mixed fourth-quarter results Tuesday as the all-electric vehicle maker continues to face challenging market conditions and internal problems. The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also […]
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