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Despite Tim Cook’s Scant Details About iPhone AI, Tesla Investor Ross Gerber Thinks It Will Trigger ‘Whole New Upgrade Cycle’

Tesla Inc. investor Ross Gerber anticipates a fresh upgrade cycle for Apple Inc. (NASDAQ:AAPL) following the highly-anticipated launch of Cupertino’s AI solutions for iPhones, with more details expected to be revealed at the Worldwide Developers Conference (WWDC) in June. What Happened: Despite CEO Tim Cook keeping his cards close to the chest in a post-earnings […]
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Will Apple Crack AI Code And Spark Investor Optimism? Tim Cook’s Tech Strategy In Focus Amid Expected Q2 Slump

Expectations are very muted as Apple, Inc. (NASDAQ:AAPL) prepares to announce its fiscal year 2024 second-quarter results Thursday after the market close. Apple’s Key Q1 Numbers: Apple’s year-over-year revenue declining streak is expected to resume and the bottom-line performance is expected to be flattish from a year earlier. Q2’24 Consensus* Q2’23 Q1’24 Revenue $90.01B $94.84B […]
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U.S. Stablecoin Regulation Talks Stall, But Progress Is Near

Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services Committee Chair Patrick McHenry (R-N.C.) and Rep. Maxine Waters (D-Calif.) will revert to direct negotiations […]
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Trump does not rule out building detention camps for mass deportations

By Tim Reid and Ted Hesson WASHINGTON (Reuters) -Republican presidential candidate Donald Trump does not rule out building detention camps on U.S. soil for migrants in the country illegally if he wins a second White House term, he told Time magazine in an interview published on Tuesday. Trump was asked whether he would build new […]
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Philip Morris faces key test with US heated tobacco push

By Emma Rumney LONDON (Reuters) – Philip Morris International’s goals for heated tobacco in the United States are reachable, analysts and investors say, even though rivals see limited potential in a market where vaping dominates. The world’s biggest tobacco company by market value will launch its flagship heated tobacco device IQOS in the U.S. in […]
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Wall Street shares close up as megacap tech stocks rally

By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% […]
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Kkr To Buy $1.64 Billion Student Housing Portfolio From Blackstone’s Reit

(Reuters) -Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday. The over 10,000-bed portfolio comprises 19 student housing assets located in 14 four-year public universities across 10 states. “This transaction is an excellent outcome […]
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US Chamber of Commerce sues FTC for ban on noncompete agreements

By Daniel Wiessner (Reuters) -The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the […]

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U.S. Stablecoin Regulation Talks Stall, But Progress Is Near

May 1, 2024

Efforts to push through U.S. stablecoin legislation by attaching it to an unrelated Federal Aviation Administration reauthorization bill have been halted by legislative leaders. What Happened: The decision to seek a clean bill means the discussion between House Financial Services Committee Chair Patrick McHenry (R-N.C.) and Rep. Maxine Waters (D-Calif.) will revert to direct negotiations […]
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