Business
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Shipping costs set to double as companies rush to import goods before China-US trade truce ends
“There are no controls or regulations that limit how much these shipping companies can charge,” said Basic Fun CEO Jay Foreman.
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Ex-McKinsey partner to serve 6 months in jail for destroying records on work to ‘turbocharge’ OxyContin sales
He pleaded guilty in January to obstruction of justice related to investigations into McKinsey's work for Purdue Pharma.
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Boeing to pay $1.1B, avoid prosecution in DOJ deal over deadly 737 Max crashes
Boeing was scheduled to face trial next month over two deadly plane crashes in 2018.
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McDonald’s to shutter CosMc’s locations after short-lived test, will add drinks to menu
The fast-food giant insisted the pilot program paved the way for a major new push into the competitive specialty drink market — this time from...
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Trump says Japanese investment in US Steel can go ahead: ‘Congratulations to all!’
President Trump announced Friday that Japan-based Nippon Steel will be allowed to invest in US Steel.
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Oracle to buy $40B of Nvidia chips for OpenAI’s US data center: report
The data center is a part of the US Stargate project, led by top AI firms in the country, to boost America's heft in the AI industry.
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Apple’s Tim Cook called Texas Gov. Greg Abbott to personally lobby against online child safety bill
Apple CEO Tim Cook personally called Republican Texas Gov. Greg Abbott to lobbying against an online child safety bill currently under...
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Goldman Sachs demands long prison stint for disgraced ex-partner Timothy Leissner over bribery scandal
Leissner, Goldman's former chief of Southeast Asia operations, is due to be sentenced next week after he pleaded guilty in 2018 to crimes committed...
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Volvo latest to warn car prices will rise due to Trump’s tariffs on imports
Volvo said it could become impossible to import one of its most affordable cars to the US if levies increase.
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Tesla hawk says shares of beaten-down stock could rally 40% on ‘golden age’ of robotaxis
The Wedbush analyst estimated that autonomous driving is a $1 trillion opportunity for Tesla.
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New home sales unexpectedly surge despite high mortgage rates as builders lower prices
New home sales surged nearly 11% to a seasonally adjusted annual rate of 743,000 units last month.
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Trump threatens 25% levy on Apple iPhones made outside the U.S.
President Trump is threatening to impose a 25% tariff on Apple iPhones made outside the U.S., saying he warned the major U.S. tech company to...