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The Latest Breaking News on Business

Auto giant LKQ says it's the latest firm to be hit by Oracle EBS data breach

Cl0p claimed to have breached LKQ, but the attack was confirmed only recently.

TechRadar

TikTok finally signs deal to sell its US entity to joint venture controlled by American investors

Oracle, Silver Lake and Abu Dhabi-based MGX hold 15 percent each in deal that averts app’s shutdown in US

The Independent UK

Hardee’s locations are closing in some cities - here is why

The closures are part of a broader reduction in Hardee’s footprint in recent months

The Independent UK

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Instacart will pay customers $60 million in settlement over ‘false advertising’

Instacart denied allegations of wrongdoing but said it reached a settlement in order to move forward and focus on its business

The Independent UK

Crude Oil Prices Supported by Geopolitical Tensions

January WTI crude oil (CLF26 ) on Thursday closed up +0.21 (+0.38%), and January RBOB gasoline (RBF26 ) closed up +0.0070 (+0.41%). Crude oil and gasoline prices settled higher on Thursday amid heightened geopolitical risks in Venezuela and Russia. Also, Thursday's sharp rally in stocks boosted optimism about the economic...

Barchart

Bosses are getting tired of AI at work, and preferring to hire humans for "specialist" roles once again

AI perception is still torn, but the fact is that companies are shifting their hiring strategies rather than fully displacing human workers.

TechRadar

Tesla Just Got One Step Closer To Putting Starlink In Your Car. Here's Why That Rocks

The future of EVs is obvious: Power, connectivity and comfort, everywhere. Starlink will help us get there.

InsideEVs

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New Data Shows Game Hardware Prices Have Soared Since 2019

It's getting more expensive.

Operation Sports

401(k) Reality: The Difference Between Getting Your Full Employer Match and Not

Learn why getting your full 401(k) employer match can make a huge difference in your retirement savings and how skipping it could cost you thousands.

GOBankingRates

What to Expect From Lamb Weston's Next Quarterly Earnings Report

Lamb Weston is expected to announce its fiscal second-quarter earnings tomorrow, and analysts project a single-digit profit rise.

Barchart

Is Paycom Software Stock Underperforming the S&P 500?

While Paycom Software has lagged behind the S&P 500 Index over the past year, analysts are moderately optimistic about the stock’s prospects.

Barchart

Starbucks barrista allegedly encounters company CEO. The terrified man walks into incoming traffic just to avoid her

What scared him so much?

We Got This Covered

10 Least Affordable Cities for Retirees To Grow Old at Home

Here are 10 least affordable cities for retirees to grow old at home.

GOBankingRates

PayPal Files With Regulators to Launch Bank Focused on Small Business Needs

PayPal plans to launch PayPal Bank to provide small businesses with loans, savings accounts, and better financial tools.

International Business Times

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Barchart

Earnings Preview: What to Expect From Delta Air Lines' Report

Delta Air Lines will release its fourth-quarter earnings soon, and analysts anticipate a double-digit profit dip.

Fortune

Rivian CEO says midprice EV sales are still 50% Tesla: 'That's not a reflection of a healthy market'

Lackluster demand for electric cars in the U.S. isn’t because Americans don’t want them, RJ Scaringe said. There’s just few good options.

The Conversation

South Korea, Taiwan and Vietnam show that economic statecraft is not just the preserve of great powers

Make American shipbuilding great again (Masga) may sound like an effort by the US to bolster its economic strength and project power internationally, but Masga is not an American policy. It is a South Korean initiative that emerged following trade talks with the US in June.

Fortune

Intuit CEO says Gen Z is staving off recession by putting it on plastic: 'Credit card balances are up 36-37%, but they still have jobs’

Gen Z is making more money, adjusting for inflation, than previous generations at their age, but their dollars aren’t going as far as before.

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news in one place.

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Reason

Bernie Sanders Wants To Pause New Data Centers To Stop the Economy From Growing Too Much

The socialist senator wants a moratorium on new data centers to slow the AI and robotics industries down.

Reason

Thanks to Antitrust Officials, iRobot Will Be Acquired by a Chinese Robotics Firm Instead of Amazon

The only thing the Federal Trade Commission and European Commission succeeded in doing was transferring ownership of iRobot from an American company to a Chinese one.

Fortune

Experts say Amazon is playing the long game with its potential $10 billion OpenAI deal: ‘ChatGPT is still seen as the Kleenex of AI’

“If OpenAI wins the lottery, then they’d have the money to pay for this,” analyst Charles Fitzgerald said.

The Independent UK

Cheerios are flying off the shelves as budget-conscious shoppers stay home

General Mills CEO said that lower- and middle-income families are ‘continuing to feel significant economic pressure’ and are concentrating a bigger share of their spending on sale items

International Business Times UK

Why Intel Stock Is Crashing Following CEO's 'Alleged Conflict' and Trump Outcry

Intel CEO Lip-Bu Tan faces scrutiny over a conflict of interest regarding AI startup investments, as Trump demands his resignation, adding pressure to a chipmaker already reeling from a 60% stock collapse.

International Business Times UK

Layoffs Hit 1,000 Workers Weeks After CEO Pocketed $6.25M

Tricolor CEO Daniel Chu received $6.25 million before his subprime lender's collapse, which left over 1,000 workers unemployed and lenders owed $900 million amid fraud allegations.

TechRadar

Dell reportedly preparing massive price hikes for commercial clients - and warns "Ordering today for future delivery DOES NOT lock in current pricing"

Dell will increase commercial product prices starting December 17 due to memory shortages, affecting laptops, desktops, mini workstations, and AI-enabled devices.

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