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Business News

Location American Business News for 6 August 2024
Tim Walz and J.D. Vance are both Diet Mountain Dew fans. Here's why that could hurt the brand. Mountain Dew has long been associated with youth culture, but the brand may now be struggling to make that connection.
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Boeing to face questions from US investigators on 737 Max panel blowout Two-day hearing could provide new insight into accident, which left a hole in the side of an Alaska Airlines jet Investigators will question Boeing officials during a hearing starting on Tuesday about the midflight blowo...
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A new balance between private credit and syndicated loans is coming The resurgence of the syndicated loan market signals a pendulum swing back to greater reliance by debt issuers on traditional bank financing.
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Uber's stock rises after earnings as CEO cheers resilience of the customer base "While our consumers tend to be higher income, we're not seeing any softness or trading down across any income cohort," Uber's CEO said on the earnings call.
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Uber Says It Will Make More Than $1B in Ad Revenue This Year Uber expects to be ahead of its goal to make advertising a billion-dollar business this year. Uber Advertising's annual revenue run rate--a metric that estimates how much it will make this year based on results so far--s...
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Uber Ads just became a $1 billion business — and it has plenty of room to grow Uber Ads said it sees further growth potential in areas such as programmatic, measurement, and playable ads.
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US Bitcoin, Ethereum ETFs hit $6B volume amid market rout Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.
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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate...
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Lucid gets $1.5 billion lifeline from Saudi Arabia, Wall Street cheers 'liquidity cushion' EV maker gets $1.5 billion from Saudi Arabia's sovereign wealth fund, and says it has enough money to last it through 2025.
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Aiming to meet rising demand for on-device AI, Samsung has begun mass production for the industry's thinnest DRAM chips.
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CrowdStrike, AMD among the rare S&P 500 gainers in a sea of red To say that the stock market's breadth was bad, on a day the S&P 500 index had its worst day in a year, would be an understatement.
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Bitcoin, crypto shares plunge as investors pull back on risky stocks amid recession fears The drop in Bitcoin and crypto shares was a sharp turnaround from the Trump-related high crypto was riding after the former president's speech at the 2024 Bitcoin Conference.
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Jeff Bezos loses $23B as Wall Street meltdown slams world's richest people Shares tumbled on Friday amid growing fears of a US recession after the Federal Reserve failed to issue interest rate cuts.
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Airbnb's warning on U.S. demand 'will likely only further stoke the soft-consumer thesis,' analyst says The home-sharing company said it is seeing "shorter booking lead times globally" in its earnings report.
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Tripadvisor unveils mixed quarter, with 1% revenue growth, and stock drops 13% Shares of Tripadvisor Inc. fell in the extended session Tuesday after the online travel company reported second-quarter revenue that was below Wall Street's expectations, saying that it ran into "anticipated top-line hea...
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Rivian's quarterly loss balloons, but EV maker says gross profit is within sight Rivian Automotive Inc. late Tuesday reported quarterly results that were largely in line with expectations, with earlier, steeper stock losses narrowing as investors seemed to focus on hopes that the EV maker reaches a m...
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OpenAI's summer of turmoil: Key executives depart, lawsuits loom, and competition intensifies as the AI giant faces unprecedented challenges in a rapidly evolving tech landscape.
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For workers fear being left behind and worry their current skillset will soon become obsolete, there are several courses of action to take.
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As inflation bites, parents are borrowing more than ever to pay for college The annual Sallie Mae report on how America pays for college does not signal good news for next year, either.
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A film parodying Star Trek is now an official part of the franchise, thanks to a mobile game.
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No More Robots and RageSquid revealed Descenders Next, the long-anticipated sequel to downhill biking hit Descenders.
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The 2.25 KWh battery pack housed in Figure 02's torso ensures it delivers 50% more power than its predecessor and runs for 20 hours every day.
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