US Steel warns that Pennsylvania HQ and plants could close if government blocks its sale to Nippon
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"Without the Nippon Steel transaction, US Steel will largely pivot away from its blast furnace facilities, putting thousands of good-paying union jobs at risk," the company said in a statement.
https://fortune.com/2024/09/05/us-steel-pennsylvania-hq-plants-close-government-blocks-sale-nippon/
Volvo Cars braces for pain in 50% of its markets as Chinese-backed carmaker walks back 2030 EV goal
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“We will be fully electric probably in 50% of the market way before 2030, but in the other 50%, it’s going to take a lot longer," CEO Jim Rowan told Fortune.
https://fortune.com/europe/2024/09/05/volvo-cars-ev-earnings-autos-chinese-tariffs-carmaker-2030/
Billionaire Hermès dynasty is so rich it can afford to make distant Gen Z relatives millionaires overnight
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The stock donated to Wilfried Guerrand's offspring comes to just shy of €3.9 million ($4.3 million) in total.
https://fortune.com/europe/2024/09/04/billionaire-hermes-dynasty-gen-z-share-donated/
JPMorgan ditches its buy recommendation for China stocks due to a possible ‘Tariff War 2.0’
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JPMorgan is following other former China bulls in downgrading expectations as analysts see better opportunities outside the country.
Xi Jinping promises $51 billion in financing and a million new jobs for Africa in China’s biggest summit since COVID
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China is Africa's largest trading partner and has sought to tap its troves of natural resources including copper and rare earth minerals.
Google faces a possible $100 billion litigation avalanche, says Bernstein
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When authorities ruled against Microsoft in an antitrust case, the company battled a barrage of lawsuits for years.
https://fortune.com/2024/09/04/google-antitrust-lawsuits-text-ads-search/
Bernie Sanders demands answers from CEO accused of loading hospitals with billions in debt and then selling the land underneath
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“De la Torre used hospitals as his personal piggy bank and lived in luxury while gutting Steward hospitals," lawmakers said.
https://fortune.com/2024/09/04/bernie-sanders-ceo-private-equity-debt-bankruptcy/
California beauty queen accused of stealing millions from friends in Ponzi scheme
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Maria “Dulce Pino” Dickerson allegedly targeted the Filipino American community, and many are now suing her.
https://fortune.com/2024/09/04/california-beauty-queen-accused-ponzi-scheme-maria-dickerson/
Texas judge who owns Tesla stock rules Elon Musk can take media watchdog to trial over Nazi claims
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Elon Musk’s favorite Texas judge ruled his case against Media Matters for America can proceed as planned.
https://fortune.com/2024/08/30/elon-musk-tesla-lawsuit-media-matters-texas-reed-oconnor/
Texas judge who owns Tesla stock rules Elon Musk can take media watchdog to trial over Nazi claims
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Elon Musk’s favorite Texas judge ruled his case against Media Matters for America can proceed as planned.
https://fortune.com/2024/08/30/elon-musk-tesla-lawsuit-media-matters-texas-reed-oconnor/
Here’s why Nvidia’s aggressive sales tactics are in the DOJ’s crosshairs
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"All of Nvidia's competitors have issued grievances with me. I'm not going to name them, but you can imagine who they might be," Moor Insights & Strategy's Patrick Moorhead said.
Macallan is rolling out a single malt that will cost $190,000
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Maybe don’t make a Rusty Nail with this one…
https://fortune.com/2024/09/03/macallan-single-malt-scotch-whisky-190k-time-space/
There’s nowhere left to go for JPMorgan stock, as it gets downgraded after rising 30% this year
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After a stellar year, the bank’s stock has less upside than it used to—unlike some of its competitors.
https://fortune.com/2024/09/03/jpmorgan-stock-bank-of-america-wells-fargo-jamie-dimon/
Business communication courses and certification programs that will help you to upskill
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Business communication programs can help you learn the most up-to-date ways to communicate using data, social media, and presentations.
https://fortune.com/education/articles/business-communication-courses/
Coinbase CFO reveals Kamala Harris Super PAC will accept crypto donations
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Speaking at Citi’s 2024 Global TMT Conference, Coinbase chief financial officer Alesia Haas says the exchange has increased its policy spend leading up to the election
Elon Musk’s just fired up Colossus—the world’s largest Nvidia GPU supercomputer built in just three months from start to finish
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Musk is already planning on doubling its compute capacity in a few months, and Tesla shareholders could end up benefiting as well.
https://fortune.com/2024/09/03/elon-musk-xai-nvidia-colossus/
Half of all households in the country can’t afford a normal starter home
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Americans need to make almost $80,000 to buy a typical starter home, according to Redfin. Data shows 50% of households earn thousands less than that.
https://fortune.com/2024/08/30/half-of-americans-cant-afford-starter-homes/
Elon Musk’s just fired up Colossus—the world’s largest Nvidia GPU supercomputer built in just three months from start to finish
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Musk is already planning on doubling its compute capacity in a few months, and Tesla shareholders could end up benefiting as well.
https://fortune.com/2024/09/03/elon-musk-xai-nvidia-colossus/
A once-standard feature on the Ford F-150 will now cost you $455
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The popular access feature is now a dealer option.
https://fortune.com/2024/08/30/ford-f-150-standard-feature-securicode-keypad-costs-extra/
It took Wells Fargo 4 days to notice that an employee had died in their cubicle
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Denise Prudhomme, 60, was found dead at her cubicle after colleagues reported an odor.
https://fortune.com/2024/08/30/wells-fargo-employee-dead-4-days-denise-prudhomme/