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Uber Cuts 3,300 Jobs as Robotaxis Reshape Ride-Hailing, Exits Nigeria and Uganda
Uber Technologies is cutting about 3,300 jobs, or roughly 10% of its global workforce, in its largest round of layoffs since the COVID-19 pandemic...
South Korea Bought $20bn of SK Hynix’s Dollar Proceeds to Rebuild FX Reserves
South Korean foreign exchange authorities bought roughly $20 billion of U.S. dollars sold by SK Hynix following the chipmaker’s record $26.5 billion American depositary...
Apple Emerges as Investors’ Safe Haven as AI Trade Faces Growing Doubts
Apple is increasingly emerging as an unlikely defensive play for investors as concerns over the durability of the artificial intelligence boom and the risk...
Donald Trump Jr’s Prediction Market Conflict of Interest
Donald Trump Jr. has positioned himself in an unusually advantageous corner of America’s rapidly expanding prediction-market industry: one where he could benefit regardless of...
Cramer Urges Nvidia to Launch $500bn Buyback as AI Growth Fails to Lift Shares
CNBC’s Jim Cramer is calling on Nvidia to dramatically expand its share-repurchase program, noting that the artificial intelligence chipmaker’s extraordinary growth is not being...