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Business News

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First Republic Stock plummets 25% as banking trouble deepens

By Rob Meachem | April 25, 2023

(NEW YORK) — Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system. The regional…

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Barbie unveils first-ever doll with Down syndrome

By Rob Meachem | April 25, 2023

(NEW YORK) — Barbie is marking a new first in the doll’s 64-year history. On Tuesday, Mattel unveiled the first-ever Barbie doll with Down syndrome. The new Barbie was created…

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High-yield savings accounts surge amid shaky stock market, experts say

By Rob Meachem | April 25, 2023

(NEW YORK) — Tech giant Apple last week announced a buzzy product release — but it wasn’t a new version of its iPhone or virtual reality headset. Rather, the company…

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DOJ joins investigation of Southwest’s holiday flight meltdown: Was schedule ‘unrealistic’?

By Rob Meachem | April 25, 2023

(WASHINGTON) — The Department of Justice has joined an investigation led by the Department of Transportation into Southwest Airlines’ meltdown in December — when the company canceled more than 16,000…

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Twitter revives blue checkmark for some celebrities, including dead ones

By Rob Meachem | April 24, 2023

(NEW YORK) — Twitter reversed a major change to its subscription policy over the weekend by reverifying some legacy accounts, including ones belonging to dead celebrities like Michael Jackson and…

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Bed Bath & Beyond files for Chapter 11 bankruptcy

By Rob Meachem | April 23, 2023

(NEW YORK) — Bed Bath & Beyond filed on Sunday for Chapter 11 bankruptcy. The company’s 360 stores — along with its 120 buybuy BABY stores — are expected to…

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Facebook users can now claim their share of a $725M privacy settlement. Here’s how

By Rob Meachem | April 22, 2023

(NEW YORK) — Facebook users who had an account at any time from May 2007 to the end of last year can now apply for their share of a $725…

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Why stock prices are rising and what experts say comes next

By Rob Meachem | April 20, 2023

(NEW YORK) — High inflation, interest rate hikes and recession worries pummeled stocks last year. The market has rebounded in 2023, though, even as each of those problems continues to vex…

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Elon Musk slams AI ‘bias’ and calls for ‘TruthGPT.’ Experts question his neutrality.

By Rob Meachem | April 20, 2023

(NEW YORK) — Billionaire entrepreneur Elon Musk announced plans this week to create an AI-driven conversation tool called “TruthGPT,” after criticizing the popular AI text bot ChatGPT for being “politically…

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Facebook parent Meta to slash 10,000 employees

By Rob Meachem | April 19, 2023

(SAN FRANCISCO) — Facebook-parent Meta began laying off workers on Wednesday as part of its latest round of job cuts announced in March, the company confirmed to ABC News. Last month,…

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