Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution agreement with the Department of Justice (DOJ) after admitting it failed to prevent tens of thousands of illegal product sales into the U.S. through its online marketplaces. The DOJ announced Wednesday that Alibaba Group Holding…
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Commerzbank’s Thailand update says May data show broadly stable economic conditions, with exports still supported by global electronics demand but facing risks from US trade policy and regional manufacturing weakness. The Bank of Thailand sees contained inflation pressures and little need to alter policy soon, while USD/THB is slightly lower even as the Baht remains down 5.2% year-to-date.Exports steady as policy stance unchanged”May exports moderated to 9.8% yoy vs 23.2% previously and were up 16.9%…
Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion…
West Texas Intermediate (WTI) crude Oil remains under pressure on Wednesday as improving crude flows…
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Palantir is back with another manifesto that makes its AI values crystal clear.On Tuesday, the company posted a 9-point post on X about the importance of “AI sovereignty.” The post urged companies to keep their data in-house, rather than outsourcing to institutions that Palantir paints as untrustworthy.The post also decries…
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President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help the U.S. share of the chip market rise to 50% by the end of his term. “We’re creating more jobs, we have more people working…
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While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors. Despite Bank of America’s issuing the most hawkish forecast on Wall Street — predicting three interest rate hikes under Federal Reserve Chair Kevin Warsh…
