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Trading Day: Stock selloff snowballs, Japan wobbles

By Jamie McGeever ORLANDO, Florida (Reuters) -The tech-induced selloff across global stocks accelerated on Tuesday and soft U.S. labor market indicators also weighed on Wall Street, while fiscal worries in Japan helped drag Japanese stocks, bonds and the yen lower. More on that below. ...
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Meta prevails in historic FTC antitrust case, won’t have to break off WhatsApp, Instagram

SAN FRANCISCO (AP) - Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking. U.S. District Judge ...
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US states can intervene in case over HPE’s $14 billion Juniper acquisition, judge rules

(Reuters) -A group of U.S. states can intervene in a case over Hewlett-Packard Enterprise's $14 billion acquisition of Juniper Networks, which the U.S. Department of Justice has proposed to settle and let the deal move forward, a judge said during a hearing on Tuesday. U.S. ...
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HP seeking $1.8 billion from Mike Lynch’s estate after UK Autonomy lawsuit

By Sam Tobin LONDON (Reuters) -Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP's acquisition of his British tech firm Autonomy, the U.S. technology giant's lawyers told London's High Court on Tuesday. Hewlett Packard is seeking to ...
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The Media Line: AI, Energy, Defense, Key to President Trump’s Mideast-US Alliance

AI, Energy, Defense, Key to President Trump's Mideast-US Alliance Saudi Arabia is expected to announce multibillion-dollar investments in American artificial intelligence infrastructure, as well as cooperation in the civil nuclear energy sector By Keren Setton/The Media Line Saudi Crown Prince Mohammed bin Salman is set to meet ...
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Fed’s Barkin looks forward to more economic clarity as data flow resumes

By Howard Schneider WINCHESTER, Virginia (Reuters) -Richmond Federal Reserve President Thomas Barkin said on Tuesday he hopes coming data and ongoing community interviews will help clarify where the economy is heading, with U.S. central bank policymakers still facing tension between their inflation and employment goals ...
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FDIC countersues Capital One over Silicon Valley, Signature bank collapses

By Jonathan Stempel (Reuters) -The Federal Deposit Insurance Corporation filed a lawsuit accusing Capital One of paying nearly $100 million less than it should have to help bail out depositors of Silicon Valley Bank and Signature Bank, which both collapsed in 2023. Capital One was sued ...
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Meta’s chief revenue officer Hegeman leaves to launch startup

(Reuters) -Meta's chief revenue officer John Hegeman said on Tuesday he will leave the Facebook parent to launch his own startup, marking a key leadership change amid the social media company's pursuit of superintelligence. His key responsibilities will be taken over by another Meta executive, ...
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Paramount says Variety report on $71 billion Warner Bros Discovery bid ‘categorically inaccurate’

(Reuters) -Paramount Skydance said on Tuesday Variety's report on the company forming an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi to submit a total $71 billion bid for Warner Bros Discovery is "categorically inaccurate." Shares of Warner Bros ...
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Google unveils Gemini’s next generation, aiming to turn its search engine into a ‘thought partner’

SAN FRANCISCO (AP) - Google is unleashing its Gemini 3 artificial intelligence model on its dominant search engine and other popular online services in the high-stakes battle to create technology that people can trust to enlighten them and manage tedious tasks. The next-generation model unveiled ...
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Kroger closing automated fulfillment centers as it tries to make delivery faster and cheaper

Kroger said Tuesday it's closing three automated fulfillment centers as part of an effort to make its delivery operations faster and more profitable. The nation's largest grocer said it will close facilities in Pleasant Prairie, Wisconsin; Frederick, Maryland; and Groveland, Florida, in January. The company ...
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Saudi developer wants to sell Trump hotel tokens to US retail investors

By Iain Withers LONDON (Reuters) -Saudi luxury real estate developer Dar Global hopes to fund much of its latest Trump hotel in the Maldives by selling blockchain-based crypto tokens to U.S. retail investors, its CEO told Reuters on Tuesday. London-listed Dar Global is one of The ...
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