Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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Alphabet Achieves $2 Trillion Valuation and Declares First Dividend Amidst Surging Shares
Alphabet, the parent company of Google, has achieved a significant milestone, reaching a market valuation of over $2 trillion. This achievement comes on the heels of the company's announcement of its first-ever dividend and a substantial $70 billion stock buyback plan. The news propelled Alphabet's shares up by 10% in early trading on Friday, marking the most substantial surge since a 16% jump in July 2015. 
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JPMorgan CEO Jamie Dimon Expresses Cautious Optimism for US Economy, Warns of Stagflation Risk
JPMorgan Chase CEO Jamie Dimon remains hopeful that the Federal Reserve can successfully navigate the U.S. economy to a soft landing, bringing down inflation without triggering a recession. 
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Exxon Mobil's Q1 Earnings Miss Estimates as Refining Margins and Natural Gas Prices Squeeze Profits
Exxon Mobil Corp reported first-quarter earnings that fell short of analysts' expectations on Friday, as the oil giant grappled with eroding refining margins and collapsing natural gas prices. The company's stock fell nearly 2% in early trading following the announcement. 
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BHP's $39 Billion Bid for Anglo American Could Create World's Largest Copper Producer
BHP Group, the world's largest mining company by market value, has launched an audacious $38.8 billion bid to acquire Anglo American. This proposed deal, the largest in the mining sector since records began, could potentially create the largest copper miner globally, a move that reflects the soaring demand for metals essential for renewable energy technologies. 
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Southwest Cuts Routes and Reduces Hiring Amid Boeing Delays and Q1 Losses
Southwest Airlines announced significant operational adjustments, including ending service to four airports due to ongoing delays in aircraft deliveries from Boeing. The affected airports are Bellingham International in Washington, Cozumel International in Mexico, Syracuse Hancock International in New York, and Houston's George Bush Intercontinental Airport, though services at Houston's smaller Hobby Airport will continue. 
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IBM to Acquire HashiCorp for $6.4 Billion, Shares Slip on Mixed Q1 Results
IBM announced plans to acquire cloud-software company HashiCorp for $6.4 billion on Wednesday, a move aimed at creating a comprehensive end-to-end hybrid cloud platform for the AI era. The news came alongside the computing giant's first-quarter earnings report, which showed mixed results, with adjusted earnings per share beating expectations but revenue falling slightly short of estimates. 
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TikTok's Creator Economy Faces Existential Threat as U.S. Lawmakers Push for Ban
The future of TikTok in the United States hangs in the balance after Congress approved a bill that gives the app's Chinese-owned parent company, ByteDance, two options: sell TikTok to an approved U.S. buyer or face a nationwide ban. 
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U.S. Solar Manufacturers Seek Tariffs on Southeast Asian Imports, Alleging Unfair Practices
A coalition of seven U.S. solar manufacturers filed petitions with the federal government on Wednesday, requesting the imposition of tariffs on solar cell imports from Cambodia, Malaysia, Thailand, and Vietnam. The manufacturers, including First Solar and Qcells, allege that companies in these countries are flooding the U.S. market with cheap products, threatening the domestic industry. 
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Boeing Beats Earnings Expectations Amidst 737 Max Crisis, CEO to Step Down
Boeing, the aerospace giant, reported better-than-expected first-quarter results on Wednesday, despite facing a tumultuous period headlined by the 737 Max crisis. The company posted a narrower core loss per share of $1.13, beating Wall Street estimates of $1.72, while revenue came in at $16.57 billion, surpassing forecasts of $16.25 billion. 
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UnitedHealth Confirms Ransom Payment, Warns 'Substantial Proportion' of Americans Affected by Change Healthcare Cyberattack
UnitedHealth Group (UHG) has revealed that the cyberattack on its subsidiary, Change Healthcare, in February may have compromised the data of "a substantial proportion of people in America." The company also confirmed that it paid a ransom to the cyberthreat actors in an attempt to protect patient information from being disclosed. 
