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Business

MicroStrategy Expands Bitcoin Portfolio with a $742.4 Million Investment in 7,633 Bitcoins

MicroStrategy Incorporated, now known as Strategy, has significantly expanded its Bitcoin portfolio by acquiring an additional 7,633 Bitcoins for $742.4 million, reinforcing its co...

Business

Hyatt Announces $2.6 Billion Acquisition of Playa Hotels to Expand in Mexico and the Caribbean

Hyatt Hotels Corporation has agreed to acquire Playa Hotels & Resorts N.V. for approximately $2.6 billion, including debt, to expand its footprint in Mexico and the Caribbean. This...

Business

Lyft to Revolutionize Urban Mobility with Mobileye-Powered Robotaxis by 2026

Lyft Inc. is set to transform urban transportation by launching Mobileye-powered robotaxis by 2026, starting in Dallas. Partnering with Marubeni Corporation for fleet management, L...

Business

Sundar Pichai Warns of Missing Out on AI: A Once-in-a-Generation Opportunity

Alphabet Inc. CEO Sundar Pichai warns of the significant risk of missing out on AI's transformative potential, describing it as a once-in-a-generation opportunity to revolutionize ...

Business

UBS CEO Sergio Ermotti Labels China as the Unstoppable Growth Engine for Global Economy

UBS CEO Sergio Ermotti reaffirms the bank's commitment to China and Hong Kong as key growth markets, highlighting Asia's role as a significant growth driver. UBS reports strong fin...

Business

Elon Musk and Investors Propose $97.4 Billion Acquisition of OpenAI

Elon Musk and a group of investors propose a $97.4 billion acquisition of OpenAI, aiming to return it to its open-source, safety-focused roots. The deal is supported by several hig...

Business

Elon Musk Leads $97.4 Billion Bid to Transform OpenAI into Open-Source Powerhouse

Elon Musk, in collaboration with a group of investors, has launched a $97.4 billion bid to acquire OpenAI, aiming to steer the organization back to its open-source and safety-focus...

Business

McDonald's Q4 Earnings Report: A Slight Dip in Revenue to $6.39 Billion Sparks Interest

McDonald's Q4 fiscal 2024 report shows a 0.2% revenue decline to $6.39 billion, missing forecasts. Despite a 1% net income drop to $2 billion, EPS held steady at $2.80. Annual reve...