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Google’s AI push pays off with solid second quarter, but doubts about company’s future persist

SAN FRANCISCO (AP) — Google’s accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background. The results released Wednesday for the April-June period provided the latest sign that ...
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Neuralink targets $1 billion revenue by 2031, Bloomberg News reports

(Reuters) -Elon Musk’s brain implant company Neuralink aims to generate at least $1 billion in annual revenue by 2031, driven by plans to perform 20,000 surgeries per year, Bloomberg News reported on Wednesday, citing investor documents. The company aims to operate five large clinics within ...
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ECB to keep rates steady as trade conflict clouds economic outlook

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank was set to keep interest rates on hold on Thursday, pausing after seven straight cuts as it waited for the fog surrounding Europe’s trade relations with the United ...
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Australia lifts biosecurity restrictions on US beef, AFR reports

SYDNEY (Reuters) -Australia has lifted its biosecurity restrictions on beef imports from the U.S., the Australian Financial Review (AFR) reported on Thursday, likely removing a key concern for U.S. President Donald Trump’s administration over bilateral trade. Australia informed the U.S. of its decision after a ...
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Alaska Air reinstates profit forecast as travel demand improves

CHICAGO (Reuters) -Alaska Air Group on Wednesday reinstated its full-year profit forecast, citing improvements in passenger traffic and pricing power. The Seattle-based airline, however, forecast a lower-than-expected profit for the third quarter. Like most U.S. airlines, Alaska pulled its full-year financial forecast in April as President ...
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NBCUniversal considering to launch a sports cable network, WSJ reports

(Reuters) -Comcast’s NBCUniversal is considering launching a sports cable network that would feature content also on its Peacock platform, the Wall Street Journal reported on Wednesday. The potential channel, which would be offered in specialized packages, could debut as early as the fall, the report ...
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Exclusive-In rare move, California steps in to find buyer for Valero refinery to avoid closure, sources say

By Nicole Jao, David French and Shariq Khan NEW YORK (Reuters) -California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as the clock ticks down on the ...
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MrBeast CEO and ‘Beast Games’ winner rally brand partners and rare disease support on Wall Street

NEW YORK (AP) — MrBeast’s new CEO hit Wall Street Wednesday as YouTuber Jimmy Donaldson’s media empire looks to develop long-term brand partnerships and, in turn, unlock more funding for its charitable content. Venture capitalist Jeff Housenbold took over MrBeast leadership last summer with a ...
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CSX profit falls 14% in the second quarter even though rail shipments were flat

CSX railroad’s profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network. The Jacksonville, Florida-based railroad said Wednesday it earned $829 million, or $0.44 per share. ...
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Trading Day: Tracking trade – from gloom to boom

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  A sense of euphoria washed over global stock markets on Wednesday as a U.S.-Japan trade deal and indications of a U.S.-Europe agreement lifted major indexes around the ...
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Chipotle cuts sales target as dining out slows; shares drop

(Reuters) -Chipotle Mexican Grill on Wednesday lowered its annual sales growth target for a second time this year, as economic uncertainty prompts Americans to dine out less, sending the burrito chain’s shares down 10% after hours. The company also posted a bigger-than-expected decline in comparable ...
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Railroad operator CSX beats quarterly profit estimates on higher volumes

(Reuters) -CSX reported second-quarter profit above analysts’ estimates on Wednesday, driven by improving intermodal volumes. Intermodal shipping, which involves two or more means of transportation for goods and accounted for 14% of its overall revenue in 2024, saw a 2% rise in volume during the ...
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