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Amazon Employees Stage Walkout to Protest Layoffs, Sustainability Policies, and Return-to-Office Mandate

Hundreds of Amazon office workers staged a walkout on Wednesday to protest a slate of issues, including recent layoffs, sustainability policies, and a demand for employees to return to the office. According to the organizers of the protest, around 1,000 workers in Amazon's hometown of Seattle and 2,000 others in different locations participated in the walkout, as reported by Th [...]

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Nvidia Becomes First Chipmaker to Reach $1tn Market Value Amid AI Revolution

Nvidia, the chipmaker at the forefront of the artificial intelligence (AI) revolution, has become the first in its industry to achieve a market value of $1tn. However, some analysts have warned of a possible bubble, as the stock's value has risen sharply in a short period of time.0. "Party Time: Brokers Just Made Major Increases To Their NVIDIA Corporation (NASDAQ:NVDA) Earning [...]

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Ford to Incorporate Tesla's North American Charging Standard into Future EVs

Ford has announced that it will incorporate Tesla's North American Charging Standard (NACS) connector into its future electric vehicles starting in 2025. This move will enable Ford EVs to use Tesla Superchargers without the need for an adapter. Starting in early 2024, owners of Ford's F-150 Lightning, Mach-E, or E-Transit will be able to access Tesla's V3 Superchargers, but tho [...]

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US Debt Ceiling Deal Reached, but Fallout Puts Credit Rating in Limbo

US President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4tn debt ceiling for two years, ahead of a June 1 deadline set by the Treasury Department. The debt ceiling deal still needs to be approved by Congress, and if it fails to pass, the US could run out of funds to pay its bills as early as June [...]

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Ford and Tesla Partner to Expand Access to Supercharger Network for Ford EV Owners

In a surprising move, Ford and Tesla announced a partnership on Thursday that will allow Ford electric vehicle (EV) owners to access Tesla's Supercharger network in the US and Canada, starting early next year. This is the first direct partnership of its kind between two competing EV manufacturers, and it is expected to accelerate the adoption of Tesla's preferred charging setup [...]

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Target Faces Backlash for Pride Month Merchandise, Removes Some Items from Stores

Target has faced backlash for its collection of Pride Month merchandise, leading to the removal of some items from stores and changes to its LGBTQ+ merchandise nationwide. The decision came after employees were reportedly threatened by customers amidst anti-LGBTQ+ backlash. In conclusion, Target’s decision to remove merchandise highlights the issue of anti-LGBTQ+ violence and [...]

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Nvidia's Q1 Earnings Exceed Expectations with Strong Growth in AI Market

Nvidia, the American technology company famous for its graphics processing units (GPUs), has reported first-quarter earnings of $1.09 per share on $7.2bn in revenue, which is much higher than analysts were expecting.0. "Stock Market Today: Stocks Rise After AI Outlook Sparks Explosive Nvidia Rally" Kiplinger's Personal Finance, 25 May. 2023, https://www.kiplinger.com/investing/ [...]

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Nvidia's First-Quarter Report for Fiscal 2024: Positive Outlook and Strong Growth in Data Center and Gaming Businesses

Nvidia, the leading graphics chip specialist, has released its first-quarter report for fiscal 2024, and the outlook is positive.0. "Nvidia Stock Goes Parabolic After Chipmaker Reports Q1 Beat: AI Momentum Pushes Data Center Revenue To Re" Benzinga, 24 May. 2023, https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32563354/nvidia-stock-goes-parabolic-after-chipmaker-re [...]

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