Mark Zuckerberg Says U.S. Should Accelerate AI Development, Not Restrict It
Meta's chief executive said that the discourse regarding AI isn't optimistic enough and that banning foreign open-source models wouldn't be productive.
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Morgan Stanley Bankers Were Pressured to Approve Mortgages for Wealthy Clients
Mortgage employees faced backlash when questioning or rejecting loans. The bank says it hasn't "compromised its underwriting standards."
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SK Hynix Net Profit Hits Record; Other Metrics Disappoint
SK Hynix's second-quarter net profit surged 13-fold on strong demand for advanced chips, but its overall results fell short of high market expectations.
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Aluminum Giant Rio Tinto Not Planning to Invest in U.S. For Tariff Discount
Rio Tinto has no plans to invest in U.S. aluminum smelting capacity despite the Trump administration's recent offer to halve tariffs on some metal imports for companies that do so, according to Chief Executive Simon Trott.
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Chip-Equipment Supplier ASM International Lifts Sales Outlook as AI Fuels Orders
The Dutch group expects revenue to exceed its previous 2027 target of $4.21 billion to $5.23 billion, citing strong orders, expectations for continued robust bookings, and visibility from customers.
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FIFA Explores Stake Sale in New $20 Billion Entity
The soccer body looks to capitalize on the success of the World Cup.
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A Backlash Against Anthropic Is Brewing in Silicon Valley
The AI pioneer now faces growing distrust from startup founders and researchers over competitive tactics, guardrails and lack of support for open-weight models.
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Ford Motor Lifts Guidance on Forecast of Higher U.S. Automobile Pricing
The automaker raised its full-year adjusted earnings outlook to between $10 billion and $11 billion as it expects auto prices to rise around 0.5%.
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Visa Third-Quarter Revenue Climbs, Citing Resilient Consumer, Business Spending
The payments company said profit came in at $5.63 billion amid resilient consumer and business spending.
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Mondelez International Lifts Outlook on Higher Quarterly Sales
The Latin America market drove strength in second-quarter sales, and the Oreo and Cadbury owner now expects at least 2% growth in organic net revenue. Shares rose after-hours.
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Seagate Profit Soars as AI Boom Drives Data Storage Demand
The mass-capacity data storage company reported net income of $1.29 billion, or $5.58 a share, up from $488 million, or $2.24 a share the year prior.
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Bloom Energy Boosts Outlook as Profit, Sales Climb
The provider of fuel-cell technology raised its fiscal 2026 revenue and adjusted earnings per share guidance, as it posted a profit of $196.3 million.
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Caesars Entertainment Narrows Loss Ahead of Fertitta Acquisition
The hotel and casino company reported a loss of $62 million in its first earnings report since agreeing to be acquired by billionaire Tilman Fertitta in a $5.7 billion deal.