Finance
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Spotify’s CEO got roasted by artists after he said the cost of creating content is ‘close to zero.’ Now he’s trying to walk back his ‘clumsy’ remark
Spotify CEO Daniel Ek triggered backlash from the music industry last week when he said the cost of creating content…
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JPMorgan to expand AI tool to help portfolio managers ‘correct for bias’
Artificial intelligence is increasingly playing a role in helping with investment decisions at top asset managers, and that includes the…
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Cava’s earnings soar as finance bros and suburbanites flock to ‘healthier’ fast-casual spots
Cava isn’t just feeding salads and bowls to its loyal consumers of finance bros and suburbanites, it’s getting plenty full…
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Elon Musk’s xAI raises $6 billion from Sequoia, Andreessen, and Saudi royals as it hails ‘significant strides’ in AI research
A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk’s xAI. The…
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The short-lived memestock revival shows how retail investors and markets still misunderstand each other
In the week of May 13 to 17, the shares of GameStop, AMC, BlackBerry, and other companies soared and then…
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DOJ to probe private equity firms attempting to ‘game the system,’ special counsel says
The Justice Department is investigating whether some private equity companies may have intentionally withheld information in previous mergers, a senior…
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‘Carbon colonialism’ in Africa meets resistance
Matthew Walley’s eyes sweep over the large forest that has sustained his Indigenous community in Liberia for generations. Even as…
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Napping at work: Sleep Doctor survey says ⅓ of employees sleep on the job weekly
If you work an office job, perhaps it’s happened to you. You didn’t get enough sleep last night. You’ve powered…
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First-quarter auto sales grew 5.1%, but the industry may have already hit its spring sales peak, top economist warns
New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high…
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Google will get rid of billions of files as part of settlement in case involving allegations about Chrome’s incognito mode
Google has agreed to purge billions of records containing personal information collected from more than 136 million people in the…
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