Business
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Ackman’s Pershing Square Takes Core Microsoft Stake Amid AI Capex Selloff
Pershing Square Capital Management has taken a new core stake in Microsoft Corp., capitalizing on a stock pullback driven by…
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Hedge Funds Build Multi-Billion Dollar Amazon Stakes in Bet on Undervalued AI Infrastructure
Prominent hedge fund managers are quietly accumulating multi-billion-dollar positions in Amazon.com Inc., placing a concerted value bet that the market…
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SpaceX Shares Slide as $18.4 Billion Capex Plan Overtakes Q2 Revenue Growth
SpaceX shares plummeted 10.8% in overnight trading after the rocket and connectivity company disclosed an $18.4 billion capital expenditure projection…
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Solo-GP Venture Firm Don’t Quit Ventures Secures Second Close at 2.5x Valuation
Don’t Quit Ventures, a $10 million debut fund led by solo general partner Noa Khamallah, has completed its second close…
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Global Oil Benchmark Brent Plunges 6.8% to $83.72 Amid Shifting Supply Outlook
Global crude benchmark Brent oil plunged 6.78% early Wednesday, dropping $6.09 to sit at $83.72 per barrel at 5:30 a.m.…
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Ackman Favors Anthropic Over OpenAI Ahead of AI IPOs, Details New Manhattan Medical Bet
Billionaire investor Bill Ackman is favoring Anthropic over OpenAI as major artificial intelligence developers prepare for anticipated initial public offerings,…
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Sysco Halts Mexican Iceberg Lettuce Imports Amid Deadly Parasite Investigation
Sysco Corp. has halted all iceberg lettuce purchases from Mexico and is diverting procurement away from major supplier Taylor Farms…
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U.S. Tariff Changes Trigger Rebound in Sourcing From Chinese Suppliers
A narrowing tariff gap between China and Southeast Asian nations is driving American companies back to Chinese suppliers, undercutting Washington’s…
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Gen Z Savings Cushion Drops Below 0.5 Ratio as ‘Little Treat Economy’ Drives Spending
Generation Z consumers are operating with their narrowest financial safety net to date, as median cumulative savings drop below 50%…
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GOP Megadonor Ronald Lauder Halts Campaign Contributions Ahead of Midterms
Billionaire cosmetics heir Ronald Lauder has halted his multi-million-dollar financial backing of Republican political campaigns, according to federal disclosures and…
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