Category: Latest News
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Tesla to End One-Off Sales of FSD, Shift Fully to Subscription Model, Musk Says
Tesla Inc (NASDAQ:TSLA) will stop offering its Full Self-Driving (FSD) software as a one-time purchase from mid-February and will instead make it available exclusively through a monthly subscription, chief executive Elon Musk said on Wednesday. In a post on X, Musk said Tesla will “stop selling FSD after Feb 14. FSD will only be available…
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Coca-Cola Drops Costa Coffee Sale After Offers Fall Short, FT Says
Coca-Cola (NYSE:KO) has decided to halt efforts to sell its Costa Coffee business after receiving bids from private equity firms that did not match its valuation expectations, the Financial Times reported on Wednesday, citing sources familiar with the process. According to the report, the U.S. beverage group ended discussions with the remaining bidders in December,…
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Chevron, Exxon and BP Hold Talks With Mexico on New Oil Exploration Projects
Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and BP (NYSE:BP) are in discussions with the Mexican government and state-owned oil company Pemex over potential oil exploration and production projects that could collectively add up to 200,000 barrels per day of output, according to a report by El CEO. The three oil majors have already submitted proposals to…
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Amazon Plans Appeal of Italian Antitrust Penalty Despite Reduction, Report Says
Amazon (NASDAQ:AMZN) is preparing to challenge an Italian court decision that lowered a major antitrust fine, arguing that the penalty should be scrapped entirely, according to Italian newspaper MF on Wednesday. Earlier this week, Italy’s competition authority said it had cut the fine imposed on the U.S. e-commerce group to €752.4 million ($876.3 million), down…
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BP Shares Weaken After Q4 Impairment Warning and Softer Gas Pricing
BP Plc (NYSE:BP) said it expects to recognise post-tax impairment charges of between $4 billion and $5 billion in the fourth quarter of 2025, largely tied to its gas and low-carbon energy businesses, after lower oil and gas prices pressured asset valuations. The update pushed the shares lower on Wednesday. The group said the write-downs…
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Oil Prices Ease After Iran-Driven Rally as U.S. Inventory Build Weighs
Oil prices slipped modestly in Asian trading on Wednesday, pulling back from multi-week highs reached in the previous session, as investors weighed concerns over potential supply disruptions in Iran against data pointing to a sharp rise in U.S. crude inventories. At 20:18 ET (01:18 GMT), Brent crude futures for March were down 0.4% at $65.19…
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Gold Hits Fresh All-Time High on Soft U.S. Inflation; Silver Breaks Above $90/oz
Gold prices pushed to new record levels in Asian trading on Wednesday after subdued U.S. inflation data strengthened expectations that the Federal Reserve will cut interest rates this year, while escalating tensions in Iran supported demand for safe-haven assets. Spot gold jumped more than 1% to an all-time high of $4,640.13 an ounce by 01:56…
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Theralase and Ferring ink deal for new bladder cancer study
Theralase Technologies (USOTC:TLTFF) signed a clinical development agreement with Ferring Pharmaceuticals, a top name in reproductive health, urology and gastroenterology, to evaluate a new combination therapy for high-risk Bacillus Calmette-Guérin (BCG)-unresponsive non-muscle invasive bladder cancer (NMIBC). This content has been prepared as part of a partnership with Theralase Technologies Inc. and is intended for informational purposes…
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More U.S. Bank Results Due; China’s Record Trade Surplus Shapes Market Moves: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. equity benchmarks hovered slightly below flat levels as investors waited for another round of earnings from leading American banks. China reported a record trade surplus for 2025, highlighting efforts to redirect exports away from the U.S. last year. Gold climbed to a fresh all-time high on expectations of future U.S.…
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U.S. Stocks Finish Choppy Trading Day Modestly Lower
After recovering from initial weakness to end Monday’s session modestly higher, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before eventually ending the day in negative territory. The Dow slid 398.21 points or 0.8…