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Intel’s Pat Gelsinger departing chipmaker with millions in severance

Intel’s former CEO Pat Gelsinger is in line to receive millions of dollars in severance and other compensation following his decision this weekend to step down and retire from the struggling chipmaker. The 63-year-old Gelsinger resigned from Intel and its subsidiary, Mobileye, on Sunday, Dec. 1, after spending three decades of his career at the company,

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Media

Bitcoin hits $100,000 for the first time ever

Bitcoin prices topped $100,000 for the first time ever on Wednesday as the cryptocurrency continued its record-setting run in the wake of President-elect Trump’s election victory and more buzz that the incoming administration will have a crypto czar.  The price of bitcoin rose from $69,121 the day before Election Day to what was then an

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Media

DOJ launched probe into UnitedHealth for insider trading and attempted to stop monopoly

Multiple senior executives at UnitedHealthcare have been under investigation by the Department of Justice, though it is not clear if CEO Brian Thompson was part of that investigation before his murder. Thompson was gunned down in midtown Manhattan on Wednesday morning in what police are calling a targeted attack. There were reports that the executives

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Media

Campbell’s CEO to retire, join Washington Commanders’ front office

Campbell’s Co. CEO Mark Clouse will retire from the packaged food company and join the front office of the NFL’s Washington Commanders early next year. The Commanders said Tuesday that Clouse will take on the role of president and head the team’s business operations in late January.  The last day of his six-year tenure as

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Media

Shares of American Eagle plunge 13% as company issues weak holiday guidance

American Eagle issued weak holiday guidance after reporting its third sales miss in a row. ​Read More

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Nvidia

NVIDIA NIM on AWS Supercharges AI Inference

Generative AI is rapidly transforming industries, driving demand for secure, high-performance inference solutions to scale increasingly complex models efficiently and cost-effectively. Expanding its collaboration with NVIDIA, Amazon Web Services (AWS) revealed today at its annual AWS re:Invent conference that it has extended NVIDIA NIM microservices across key AWS AI services to support faster AI inference

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Media

Foot Locker shares sink after weak quarterly results

Foot Locker shares fell on Wednesday after the retailer severely missed Wall Street’s quarterly earnings estimates and cut its full-year sales and earnings forecast.  The retailer’s stock fell by as much as 16% during morning trading as the company reported that it incurred a loss of $33 million, or 34 cents per share, for the

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Media

Foot Locker shares tumble 15% as it issues gloomy holiday outlook amid soft demand

Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected. ​Read More

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Media

Salesforce surges on revenue beat, AI growth prospects – here’s our new price target for the stock

Salesforce made clear that Agentfoce, its new AI offering, can kickstart revenue growth in the quarters ahead. ​Read More

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Media

Salesforce shares rise after earnings beat on revenue, fourth-quarter guidance

Salesforce reported its fiscal third-quarter earnings on Tuesday and posted strong fourth-quarter guidance. ​Read More

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