Business

Epstein dined with tech billionaires

U.S. Department of Justice files showed convicted sex offender Jeffrey Epstein continued attending exclusive dinners with Silicon Valley billionaires and executives as late as 2018.

Epstein dined with tech billionaires
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Anthropic release sparks software selloff

Anthropic's release of a new AI tool on Tuesday triggered a global sell-off in software and business-to-business service stocks, stoking investor fears of AI-driven disruption.

Anthropic release sparks software selloff
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Musk creates trillion dollar company

Elon Musk merged SpaceX with his AI startup xAI, creating a combined company valued at about $1.25 trillion, a move critics said chiefly served his financial interests.

Musk creates trillion dollar company
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US Iran tensions lift gold

Gold prices swung sharply as U.S.–Iran tensions and uncertainty over U.S. policy under President Trump drove safe‑haven demand and heightened market volatility.

US Iran tensions lift gold
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UBS raises dividend, approves buybacks

UBS reported a large profit rise and raised its dividend, citing Credit Suisse takeover cost savings and announcing $3 billion buybacks, while facing renewed allegations over Nazi-linked accounts.

UBS raises dividend, approves buybacks
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Fed governor ends dual role

Federal Reserve Governor Stephen Miran resigned his senior White House advisory post, ending a controversial dual role while his Fed term continued, drawing Democratic criticism.

Fed governor ends dual role
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Hutchison launches arbitration; China warns

CK Hutchison filed arbitration against Panama after the Panamanian Supreme Court annulled its concession for two Panama Canal ports, and Beijing warned Panama it would pay a "heavy price".

Hutchison launches arbitration; China warns
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Good harvests cut cocoa prices

Good harvests in West Africa pushed cocoa prices down on exchanges and made supermarket chocolate in Germany slightly cheaper, though experts said prices were unlikely to return.

Good harvests cut cocoa prices
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US approves Texas crude exports

The United States approved the Texas GulfLink deepwater port for crude exports and allowed up to one million barrels per day about 26.6 nautical miles off Brazoria County, Texas.

US approves Texas crude exports
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Santander buys Webster Bank, expanding

Banco Santander agreed to buy Webster Bank for about $12.2 billion to deepen its U.S. retail presence in the Northeast, the bank said.

Santander buys Webster Bank, expanding
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PayPal appoints Lores; shares plunge

PayPal said it would name Enrique Lores its new CEO to replace the outgoing chief after a disappointing quarter, and its shares plunged about 17–20% on Wall Street.

PayPal appoints Lores; shares plunge
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Infineon buys ams OSRAM sensors

ams OSRAM sold its non-optical automotive, industrial and medical sensor business to Infineon for €570 million to reduce debt and refocus on new technologies.

Infineon buys ams OSRAM sensors
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Disney names Josh Damaro CEO

The Walt Disney Company named Josh D'Amaro, its parks and resorts chief, to succeed Bob Iger as CEO on March 18 after a unanimous board vote.

Disney names Josh Damaro CEO
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Waymo raises billions for robotaxis

Waymo said on Monday it raised $16 billion in new funding, valuing the Alphabet subsidiary at $126 billion to accelerate global robotaxi expansion.

Waymo raises billions for robotaxis
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Josh Damaro named Disney CEO

Josh D'Amaro was named chief executive of The Walt Disney Company, succeeding Bob Iger in March, after leading Disney’s parks division.

Josh Damaro named Disney CEO
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