Kevin O’Leary forecasts power shift in Strait of Hormuz after Iran conflict

O’Leary Ventures Chairman Kevin O’Leary discusses the Iran War’s market impact, the collectibles market and more on ‘The Claman Countdown.’ “Shark Tank” star Kevin O’Leary predicted which nations will control the Strait of Hormuz once the Middle East conflict subsides as Iran continues its restriction of the vital trade passage. Joining “The Claman Countdown” Thursday,…

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8 states, including California and New York, sue to block $6.2B Nexstar-Tegna merger

California, New York and six other states filed a lawsuit late Wednesday seeking to block television station owner Nexstar’s proposed $6.2 billion takeover of rival company Tegna, arguing the tie-up violates federal antitrust laws. “When broadcast media is owned by a handful of companies, we get fewer voices, less competition, and communities lose the critical…

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Crypto.com lays off 12% — latest company to cite AI in job cuts

Omar Marques | Lightrocket | Getty Images Cryptocurrency trading platform Crypto.com announced Thursday that it is laying off 12% of its staff as the company integrates artificial intelligence. “We are joining the list of companies integrating enterprise-wide AI. Companies that do not make this pivot immediately will fail,” CEO Kris Marszalek posted on X. “As…

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US charges Super Micro employees with smuggling Nvidia chips to China

The U.S. Attorney’s Office for the Southern District of New York has charged associates of an unidentified U.S. server maker with illegally diverting billions of dollars in Nvidia-powered servers to China. The U.S. government has been trying to figure out how high-powered chips have reached China without authorization, as American artificial intelligence companies such as…

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QatarEnergy declares force majeure after Iran strikes on Ras Laffan facility

FOX Business’ Stuart Varney examines the escalating global energy crisis fueled by Middle East conflict and evaluates the potential long-term economic and political consequences for the American consumer. Iranian strikes have cut about 17% of Doha’s liquefied natural gas (LNG) export capacity, QatarEnergy’s CEO told Reuters in an interview on Thursday. Saad al-Kaabi said the…

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