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Apple Fights Back Against EU's $586 Million Fine, Says Penalty 'Far Beyond What The Law Requires'
Tuesday, July 8, 2025 - 5:06am | 549Apple Inc. (NASDAQ:AAPL) has filed an appeal against the €500 million ($586 million) fine imposed by the European Union (EU) over alleged anti-competitive practices on its App Store. What Happened: The EU’s executive arm, the European Commission, previously charged Apple of violating its laws...
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Student Loan Forgiveness Faces New Restrictions Under Trump's PSLF Overhaul: Report
Tuesday, July 8, 2025 - 4:49am | 493The Donald Trump administration is moving to significantly reshape the Public Service Loan Forgiveness (PSLF) program, aiming to restrict student loan cancellation for employees of organizations deemed to be engaged in “illegal activities.” What Happened: A draft proposal from the U.S....
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Beijing Rejects Elon Musk As A 'Geopolitical Asset': Lukewarm Response To Chinese Diplomatic Overreach, Trump Feud Reportedly Diminishes Musk's Value
Tuesday, July 8, 2025 - 3:55am | 585Chinese officials have reportedly cooled on Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), as a potential geopolitical asset due to his public fallout with President Donald Trump. What Happened: In January, Chinese Vice President Han Zheng met with Musk in Washington...
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Palantir Co-Founder Joe Lonsdale Wants A FDA Overhaul With Special Forces-Style AI Team Because China Is Racing To Outpace US In Biotech
Tuesday, July 8, 2025 - 2:41am | 667On Monday, Palantir Technologies Inc. (NASDAQ:PLTR) co-founder Joe Lonsdale urged a tech-driven transformation of the Food and Drug Administration, warning that bureaucratic inertia is putting the U.S. behind China in the biotech race. What Happened: In a blog post, Lonsdale said the FDA's current...
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Trump Inaugural Donor Loses $250,000 In Crypto Scam By Steve Witkoff Impersonator, FBI Recovers Over $40,000
Tuesday, July 8, 2025 - 2:40am | 485A donor to the Trump-Vance Inaugural Committee was reportedly defrauded of $250,300 in cryptocurrency. The FBI has recovered $40,300 of the stolen amount, which is now involved in a civil forfeiture case. What Happened: The victim received an email on Christmas Eve 2024, which appeared to be...
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Anduril CEO Palmer Luckey Says 'Thank You' As Trump Resumes Ukraine Arms Shipments
Tuesday, July 8, 2025 - 2:18am | 733Anduril Industries CEO Palmer Luckey publicly thanked President Donald Trump on Monday after the president announced resumed U.S. weapons shipments to Ukraine, marking a significant policy shift for the defense technology executive’s company. What Happened: “Thank you, Donald Trump!...
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Treasury Secretary Scott Bessent Plans China Talks Amid Trump's Escalating Tariff Push
Tuesday, July 8, 2025 - 12:33am | 510U.S. Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade discussions between the world’s two largest economies, amid escalating tariff threats from President Donald Trump. What Happened: “I’m going to be...
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US Export Bans And Nvidia Supply Issues Crush Samsung Chip Profits — Hopes Rest On Ultra-Thin Foldables, Smartwatches And Possible XR Debut At Galaxy Unpacked Event
Tuesday, July 8, 2025 - 12:31am | 539On Tuesday, Samsung Electronics Co. (OTC:SSNLF) reported a sharp 56% drop in second-quarter operating profit, citing U.S. export restrictions on advanced AI chips for China — a blow to its semiconductor business just days before its major Galaxy Unpacked product launch. What Happened: The South...
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Trump May Have Sent Dear Japan Letter On Tariffs, But Tokyo Unlikely To Make Progress On Deal Until This Key Event Takes Place
Monday, July 7, 2025 - 11:45pm | 250President Donald Trump notified Japan of 25% tariff rates on Monday, effectively extending negotiations until August 1 as Japan’s July 20 upper house election constrains deal-making. Trump’s 90-day pause on “reciprocal” tariffs expires Wednesday. Treasury Secretary Scott...
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Elon Musk May Be Callous, Insensitive And 'Extremely Cruel' But 'Black Swan' Author Nassim Taleb Is Praying For His Safety Amid Rift With Trump
Monday, July 7, 2025 - 10:52pm | 659On Monday, Nassim Nicholas Taleb expressed concern for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk while criticizing his personality. What Happened: Taleb, a Lebanese-American options trader and strategist who is known for his book "The Black Swan: The Impact of the Highly Improbable," took to X,...
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Uber CEO's Mother Refuses To Buy Starbucks Coffee Thanks To Her Frugal Beginnings — Even Though Her Son's Company Delivers It: 'You Got To Talk It Up' Says Dara Khosrowshahi
Monday, July 7, 2025 - 9:10pm | 740Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi's mother revealed she still refuses to buy Starbucks Corporation (NASDAQ:SBUX) coffee, despite the fact that Uber Eats delivers it. What Happened: During a segment aired by CBS Sunday Morning on June 29, Khosrowshahi and his mother, Lili...
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Elon Musk's Third-Party Talk Isn't New — Donald Trump Once Explored A Presidential Run Outside GOP, Frustrated With America's Political System: 'Nobody Is Really Hitting It Right'
Monday, July 7, 2025 - 9:36am | 715In a 1999 interview with reporter Larry King, President Donald Trump, then a businessman, contemplated leaving the Republican Party due to a perceived lack of representation. He expressed interest in the Reform Party, a third-party option, as a potential solution. What Happened: In a CNN...
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Jack Dorsey Unveils 'Bitchat,' A Decentralized, Bluetooth-Powered, Server-Free Messaging Service
Monday, July 7, 2025 - 8:11am | 701Twitter (Now X) co-founder and Block Inc. (NYSE:XYZ) CEO, Jack Dorsey, has launched a beta version of a new decentralized messaging service, Bitchat, that operates entirely over Bluetooth. What Happened: Dorsey spent his weekend delving into the intricacies of Bluetooth ...
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Oracle Offers Deep Discounts To US Government On AI, Cloud And Database Tools: Report
Monday, July 7, 2025 - 6:45am | 548Oracle Corporation (NYSE:ORCL) has declared a significant reduction in its database software and cloud-computing service prices for the federal government What Happened: Oracle is offering a 75% discount on its license-based software — including databases and analytics tools — to...
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Tesla Stock Falls Over 6% In Monday Pre-Market: What's Going On?
Monday, July 7, 2025 - 6:42am | 574Tesla Inc. (NASDAQ:TSLA) stock plummeted nearly 7% in Monday pre-market trading in response to CEO Elon Musk’s re-entry into the political landscape amid his ongoing dispute with President Donald Trump over the contentious “Big, Beautiful Bill.” What Happened: The decline follows...