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FTC Launches Extensive Antitrust Probe Into Microsoft's Business Practices

10 hours ago

FTC launches antitrust probe into Microsoft's tech practices including cloud and AI.
- Investigation focuses on potential anti-competitive bundling of Azure services.
- Rival firms claim Microsoft's licensing policies create market disadvantages.
- FTC seeks extensive Microsoft data for a comprehensive market analysis.
- Security issues in Microsoft products could have intensified the scrutiny.
- FTC Chair Lina Khan approved the probe before her expected departure.
- Global scrutiny on tech giants reflects concerns about market competition.

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Elon Musk's Interest in MSNBC Sparks Speculation Amid Comcast's Network Spinoff

1 day ago

Musk interested in MSNBC due to SpinCo formation.
- Comcast SpinCo to focus on growth, not selling MSNBC.
- Rumors of MSNBC sale sparked by Trump Jr.'s tweet.
- Musk's media ventures may face financial hurdles.
- Musk shares memes about MSNBC, raising media buzz.
- SpinCo plans prioritize expansion, not MSNBC sale.
- Musk's history with Trump adds political intrigue.

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Drone Firm Shares Soar After Donald Trump Jr. Advisory Board Appointment

13 hours ago

Unusual Machines' stock surged 100% after Donald Trump Jr.'s board appointment.
- The Orlando-based firm aims to boost U.S. drone manufacturing amid China tariffs.
- CEO denies claims Trump Jr. will aid in securing government approvals.
- Company highlights Trump Jr.'s role in reducing Chinese import dependency.
- Unusual Machines sees $1.5 million Q3 sales, seeks broader product range.
- Trump Jr. backs U.S. drone production shift amid potential tariff impacts.
- Firm explores solutions to counteract future tariffs on foreign drone parts.

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Dell's AI Growth Boosts Revenue Amid Weak Market Outlook, Shares Drop 13%

18 hours ago

Dell's Q3 revenue grows 10%, but falls short of expectations.
- Dell's stock drops 13% amid weak outlook; still up 65% for the year.
- Q4 revenue forecast lowered to $24-$25B, missing analysts' predictions.
- AI boosts Dell's ISG revenue by 34% despite overall revenue shortfall.
- Dell ships $2.9B in AI servers, with $3.6B in future orders confirmed.
- Partnering with Nvidia, Dell navigates AI tech and chip supply challenges.
- Dell's AI server backlog hits $20B, highlighting high demand.

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Jersey Ferry Bid: DFDS and Brittany Ferries Compete for 15-Year Contract

15 hours ago

Jersey seeks stability in new 15-year ferry contract.
- DFDS plans high-speed ferries, excluding Condor.
- Brittany Ferries operates Condor, awaits Jersey decision.
- Jersey contract decision delayed for operator stability.
- DFDS hopeful despite previous Guernsey bid loss.
- Brittany Ferries favors new streamlined process.
- Final decision needs Council of Ministers' approval.

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McDonald's Iconic Grimace Shake Set to Return to UK Menus December 11

12 hours ago

McDonald's returns Grimace Shake in UK on Dec 11.
- Available in 1,450 UK locations, it sold out in August.
- The blueberry-flavored shake went viral previously.
- Grimace Shake comes back for two weeks or until gone.
- Part of McDonald's winter menu, it excites fans.
- Fans want Grimace Shake to become permanent.
- McDonald's UK expansion coincides with shake's return.

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Senate Criticizes U.S. Airlines for Earning Billions From Controversial Junk Fees

20 hours ago

Airlines made $12.4 billion from seat fees says Senate report.
- Fees avoid federal aviation tax, raising travel costs.
- Senate wants airline execs to testify on fee practices.
- Delta and American respond via Airlines for America.
- Senator Blumenthal opposes dynamic pricing strategies.
- Report urges Congress for more transparency in fees.
- Frontier and Spirit defend their customer policies.

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Dow Jones Hits Record High on Trump's Treasury Secretary Pick: Scott Bessent

19 hours ago

Trump nominates Scott Bessent as Treasury Secretary.
- Dow Jones hits record high, up 440 points, after Bessent's nomination.
- Bessent founded Key Square and is linked to George Soros.
- His nomination is welcomed for stock market expertise.
- Positive Wall Street reaction to Bessent's future role.
- S&P 500 and Nasdaq also see gains after the nomination.
- Federal Reserve expected to release insights on policy.

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London's Historic Meat and Fish Markets to Close by 2028 Amid Financial Concerns

1 day ago

Smithfield and Billingsgate markets to close by 2028 due to financial issues.
- Smithfield Market, operational since 1133, closes affecting its traders and heritage.
- Billingsgate Market, UK's largest inland fish market, closing shocks traders.
- Relocation to Dagenham scrapped due to costs over £1 billion.
- Traders to receive £300 million compensation from City of London Corporation.
- Future site plans include cultural and commercial developments and a new London Museum.
- Closure seen as chance for sustainable growth by Chris Hayward.

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Trump-Branded Guitars Spark Legal Battle with Gibson Over Trademark Infringement

1 day ago

Gibson sues Trump Guitars for copying Les Paul designs.
- Dispute includes electric and acoustic guitars with Trump's branding.
- Trump Guitars sold out rapidly, prompting legal questions.
- Guitars branded as 'Limited Edition 45' in Trump's merchandise line.
- The Guardian reports Trump supports the guitars but lacks ownership.
- Gibson has a history of defending its Les Paul trademark.
- Trump's political status adds intrigue to the guitar lawsuit.

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