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Parler Set to Be Shut Down Temporarily by New Owner
Social network popular with conservatives will be sold for an undisclosed amount and overhauled for a relaunch. Source link
Amazon Joins Microsoft, Google in AI Race Spurred by ChatGPT
Amazon Web Services is the latest tech company to lay out its generative AI strategy. Source link
Teck Resources Again Rebuffs Glencore's $23 Billion Approach
The Canadian miner said its own plan to split into two independent companies was in the best interest of its shareholders. Source link
Walmart Selling Bonobos for $75 Million to Express, WHP
Business Discount retailer bought the menswear brand for $310 million in 2017 Source link
Boeing Pauses MAX Deliveries After Parts Problem
Business Plane maker said a supplier used nonstandard process to install parts Source link
Subway Sale Process Heats Up as Bidders Head to Second Round
More than 10 possible suitors, including some big names in private equity, are conducting due diligence. Source link
Delta Reports Quarterly Loss, Projects Strong Summertime Travel
Business Earnings Airlines say travel appetite is holding up despite worries about inflation, layoffs Source link
Amazon CEO Andy Jassy Commits to Cost-Cutting, Tech Investments in Shareholder Letter
Amazon.com faced one of its “harder macroeconomic years in recent memory,” Chief Executive Andy Jassy said in a letter to shareholders. Source link
TikTok Parent ByteDance Battles Meta for Virtual-Reality App Developers
TikTok parent ByteDance Ltd. is offering to pay developers who have made virtual-reality software for Meta Platforms Inc. to bring their apps to its own
Walmart Closing Four Stores in Chicago, Citing Years of Losses
The country’s largest retailer by revenue signals some pullback from large cities. Source link