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Category: Business News

13Nov

Google says group behind E-ZPass, USPS text scam has been ‘shut down’ after suit

Google said on Thursday said it has disrupted the foreign cybercriminal group behind a massive SMS text phishing operation within 24 hours of filing its lawsuit. “This shut down of Lighthouse’s…
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12Nov

Toyota opens new U.S. battery plant, confirms $10 billion in new investments

Toyota Motor on Wednesday said it has started production at a new $13.9 billion battery plant in North Carolina and confirmed plans to invest up to $10 billion more than…
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11Nov

Sony raises profit forecast by 8%, cites lower tariff impact, anime strength

Sony, raised its operating profit forecast for the year ending March 2026 by 8% to 1.43 trillion yen ($9.5 billion) on Tuesday, citing a smaller-than-expected impact from U.S. tariffs and…
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10Nov

Kia previews next-gen Telluride SUV as ‘new benchmark’ for brand

Kia on Monday previewed its next-generation Telluride SUV that the company is describing as a “new benchmark for the brand’s design and ambition.” The first-generation Telluride has been a standout…
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06Nov

Trump announces deals with Eli Lilly, Novo Nordisk to slash weight loss drug prices, offer some Medicare coverage

President Donald Trump on Thursday announced deals with Eli Lilly and Novo Nordisk to slash the prices of some of their obesity drugs, including upcoming pills, in a landmark effort to expand…
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06Nov

Doordash has biggest one-day drop ever as stock falls 17% on spending concerns

Doordash’s stock plummeted 17% for its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million…
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06Nov

Duolingo stock plunges 25%, its worst session ever, as company prioritizes user growth

Duolingo ’s stock cratered 25% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. Shares suffered their biggest one-day decline on record. “We…
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06Nov

Meta reportedly projected 10% of 2024 sales came from scam, fraud ads

Meta projected that 10% of its overall sales in 2024, or about $16 billion, came from running online ads for scams and banned goods, according to a Thursday report from Reuters.…
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06Nov

Airbnb shares rise on revenue beat, stronger-than-expected forecast

Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance. Here’s how…
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05Nov

Pinterest plunges 21%, posts second-worst day ever as tariffs drag on ad revenue

Pinterest shares plummeted 21% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The stock had its second-worst day ever, behind only a…
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