OpenAI's Second-Quarter Sales Show Tepid Growth Compared With Anthropic
The ChatGPT-maker's revenue disappointed some investors, although the company told them its growth accelerated in the third quarter.
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JBS Proposes to Acquire Remaining Stake in Pilgrim's Pride
JBS, the world's largest meatpacker, currently owns about 82% of Pilgrim's Pride's common stock.
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Pivotal Child Safety Trial That Could Change Instagram Starts in California
The case, brought by four state attorneys general, alleges that Meta violated state consumer protection laws and federal rules that protect children online.
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Apple to Change Terms for App Developers to Appease EU's Antitrust Officials
Apple seeks to end a yearslong antitrust dispute over how the tech company manages its devices and App Store that included a $579 million fine.
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Kalshi Readies Perpetual Futures Tied to Stock Indexes
Traders on the platform will be able to take leveraged long or short positions on stock indexes.
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KKR Makes $9 Billion Takeover Bid for Natural-Gas and Electricity Distributor
Pennsylvania-based UGI's shares are little changed over the past year.
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Toll Brothers Records Lower Sales as Home Deliveries Decline
The company's home sales declined to $2.65 billion as it delivered 2,662 homes in the quarter, down from 2,959 a year ago.
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Disney Sues FCC Over License Review, Says Government Trying to Quash Free Speech
The agency has launched probes into DEI practices and equal-time rules in the wake of criticism of President Trump by ABC's Jimmy Kimmel and "The View."
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Goldman Sachs to Buy Real-Estate Investment Firm for Up to $410 Million
LCN Capital Partners specializes in sale-leaseback transactions and manages about $3 billion in assets.
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Klarna Shares Tumble on Lower Outlook, CFO Search
The payments company tempered its outlook for the year, even as it swung to a profit and logged higher revenue in the second quarter.
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Home Depot Posts Higher Sales, Backs Outlook
Homeowners took on smaller, spring maintenance projects during the recent quarter despite continuing economic uncertainty, driving Home Depot's sales higher and giving the company confidence to back its full-year outlook.
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La-Z-Boy Swings to First-Quarter Loss From Declining Sales
The furniture maker's sales slid 3% to $475.7 million, missing analyst forecasts for a gain to $501 million.
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Baidu's Profit, Revenue Continue to Fall as It Pivots to AI
The Chinese internet titan has been pouring money into AI, autonomous driving and chip design even as its bread-and-butter advertising business has continued to shrink.
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XTI Aerospace Chairman, CEO Resigns Amid Internal Review
XTI Aerospace said Scott Pomeroy has resigned as chairman and chief executive amid an internal review of the executive and other related corporate-governance matters.
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Costco Sells Vacations, Gas and, Soon, Medicare Plans
In some markets, the retailer's insurance products will integrate pharmacy, vision and hearing benefits.