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Business News

Location American Business News for 1 October 2024
From explicit fact retrieval to hidden rationales, all you need to know about data-augmented LLM applications.
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Hasbro and Mattel have most toy shipments locked in as port strike looms, analysts say A strike along dozens of East Coast ports could cost the economy hundreds of millions of dollars a day, leaving things like cars, furniture, alcohol and pharmaceuticals stuck on ships, while potentially raising shipping ...
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Fraud remains a major concern for potential FedNow participants The new real-time payments system is being optimized for speed, not necessarily security, requiring the banks participating in the program to exercise a heightened level of vigilance.
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CVS is reportedly reviewing its options -- including a possible breakup Drugstore chain CVS Health Corp. in recent weeks has been reviewing its options as a company -- among them a potential breakup -- the Wall Street Journal reported on Monday.
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Sony Pictures Names Ravi Ahuja C.E.O.

The New York Times - 1 Oct 2024 01:00
Sony Pictures Names Ravi Ahuja C.E.O. Mr. Ahuja, president and chief operating officer of Sony Pictures Entertainment, will succeed its current chief executive, Tony Vinciquerra.
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Beachbody fitness company lays off a third of its workforce, shifts to affiliate model Beachbody is shedding a third of its workforce and shifting to an affiliate program as part of an overhaul of its business model.
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Port strike could bring biggest impact to these retailers, says Truist An extended strike could mean higher logistical and supply-chain costs -- as well as potential product shortages -- for some big names in retail, according to Truist.
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UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fi...
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Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurship scene from the sidelines.
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UK shop prices fall at fastest rate since 2021 despite rising fresh food inflation Overall shop price deflation was 0.6% in September compared with 0.3% in August, says trade body Prices in UK shops are falling at the fastest rate since 2021 despite an increase in fresh food inflation as wet weather hi...
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The Nasdaq declined 1.5%, leading major indexes lower.
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Schwab CEO Walt Bettinger to retire after leading financial firm since 2008 Schwab names insider Rick Wurster to be chief executive after working as president of the firm since 2021.
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Cerebras IPO filing points to a recurring concern in AI: customer concentration The much-anticipated IPO by Cerebras Systems -- the first chip maker of the AI era to go public -- also included information on the concentration of its customers, an issue investors are seeing at other AI hardware compa...
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Here's what's worth streaming in October 2024: 'Heartstopper,' 'The Diplomat,' 'Shrinking' and more Hulu's 'What We Do in the Shadows' and Max's 'Somebody Somewhere' return for their final seasons
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She was still in college when she started applying for the housing lottery. Now, she pays $1,600 for a 1-bedroom apartment in NYC. Rent prices in NYC grew more than seven times as fast as wages in 2023, according to a May report from Zillow.
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In his work with the Daily Wire and in a new movie, the conservative podcaster and activist tries to expose the hypocrisies of the left.
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I'm an Italian chef for billionaires and luxury events. 2 dishes make or break every event. Matteo Pertoldi, a private chef and restaurant owner in Singapore, said his customers value simplicity.
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The move officially opens up a new front between Israel and the Iran-backed militant group, which have traded strikes for almost a year.
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Yi Ke Cao, now 20, did her first internship at a hedge fund when she was 16.
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Banks confront Helene's devastation: 'Worse than it appears on television' Banks in the hurricane's path are focused on finding employees and restarting operations. Those that do business in Western North Carolina are facing an especially grueling recovery.
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Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like...
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Energy bills rise 10% as support withdrawn A 10% energy price rise has taken effect, meaning annual bills will be £1,717 on average.
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