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Disney opens a new era as Bob Iger steps down as CEO (again)
Josh D'Amaro has been appointed CEO of The Walt Disney Company, succeeding Bob Iger, who transitions to a senior advisory role. D'Amaro, previously head of Disney Experiences, has a 28-year history with the company and is expected to drive future growth.
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Amazon is about to make things a lot harder for the post office
Amazon $AMZN -1.62% plans to dramatically pare back the parcel volume it sends through the U.S. Postal Service before the two companies' current contract lapses this fall, The Wall Street Journal reports. Amazon has long supplied more parcel volume to USPS than any other shipper, and it has
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AI is already coming for the classroom
_A version of this article originally appeared in Quartz’s AI & Tech newsletter. __Sign up here to get the latest AI & tech news, analysis and insights straight to your inbox__._
When a private school in San Francisco announced it had cracked the code on learning, with two hours of AI-assisted
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A Fed governor says interest rate cuts this year are still possible
Fed Governor Christopher Waller said Friday he supported the central bank's decision to hold interest rates steady this week, but left open the possibility of cuts later in the year if the labor market continues to weaken.
Speaking on CNBC's "Squawk Box," Waller said he would push for rate
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American Airlines and Delta hike revenue forecasts as strong demand offsets rising fuel costs
Delta Air Lines and American Airlines raised their Q1 revenue forecasts due to increased demand, despite a $400 million rise in fuel costs. American expects over 10% revenue growth, while Delta projects high single-digit growth. Both airlines are seeing strong bookings, boosting their stock prices.
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The AI spending spree just keeps getting weirder
AI is everywhere. So Silicon Valley set out to buy more chips and build more server farms. But now, it has started redrawing whole sections of the economy around AI’s appetite. The tech has reached an aisle with gas turbines, sovereign wealth funds, jet engines, and billion-dollar arguments over whe
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OpenAI's plan as Google and Anthropic gain: a 'superapp'
OpenAI plans to combine its ChatGPT app, Codex coding platform, and Atlas browser into a single desktop "superapp," according to The Wall Street Journal, as the company moves to streamline resources and respond to competition from rival Anthropic.
Chief of Applications Fidji Simo will lead the
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Nvidia wants in on the OpenClaw craze
Nvidia launched NemoClaw, a software stack enhancing its OpenClaw platform for autonomous agents by adding security features like sandboxing and guardrails. This allows for safer file access and improved AI functionality, positioning it as a vital enterprise tool.
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Harvard has reclaimed its spot as America's top 'dream' school
Harvard University has reclaimed the top position among students' "dream colleges" in The Princeton Review's annual survey, displacing Massachusetts Institute of Technology, which held the spot in 2025.
The Princeton Review's 2026 College Hopes & Worries Survey — its 24th — polled 9,446 college
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Now OpenAI is getting sued by the dictionary
Encyclopedia Britannica and Merriam-Webster have sued OpenAI for allegedly using their copyrighted materials to train ChatGPT, arguing it deprives them of revenue. OpenAI defends its practices as fair use amid rising copyright cases against AI companies.
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Oil rises even as U.S. weighs freeing 140 million barrels of Iranian crude
Crude oil prices remain elevated despite U.S. discussions on sanctions relief for Iranian oil. If sanctions are lifted, it could stabilize prices temporarily. Predictions suggest future price fluctuations based on ongoing conflicts and supply disruptions.
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Trump just waived an obscure law to slow soaring gas prices
President Donald Trump has issued a temporary 60-day waiver of the Jones Act, a century-old maritime law, allowing foreign-flagged vessels to carry oil, natural gas, fertilizer, and other energy commodities between U.S. ports as his administration tries to limit fuel price increases stemming from th
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Meta is killing off the metaverse. It lost $80 billion
Meta's closure of Horizon Worlds marks a significant retreat from its metaverse ambitions, as the platform struggled to attract users and accrued massive losses. This shift highlights Meta's pivot towards AI, with improved ad revenue and a recovery in stock value, leaving the once-promising virtual future in the background.
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A Super Micro Computer founder diverted $2.5 billion worth of Nvidia chips to China, feds say
Federal authorities have charged a co-founder of Super Micro Computer and two other people for allegedly sending $2.5 billion in hardware equipped with Nvidia $NVDA -1.02% artificial intelligence technology to China. Jay Clayton, the U.S. Attorney for the Southern District of New York, announced the
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FedEx stock pops after raising full-year outlook and beating earnings estimates
FedEx $FDX +1.82% stock climbed about 8% in pre-market trading Friday, following the release of third-quarter earnings that topped Wall Street forecasts late Thursday.
FedEx reported adjusted earnings per share of $5.25 for the quarter ended Feb. 28. This figure exceeded the $4.09 to $4.15
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Tariff refunds: A $166 billion question
_A version of this article originally appeared in Quartz’s Washington newsletter. __Sign up here to get the latest business and economic news and insights from Washington straight to your inbox__._
The Trump administration has waged a controversial war against Iran for the past three weeks. It’s st
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OpenAI sounds the alarm: 'We cannot miss this moment'
OpenAI is refocusing on coding tools and enterprise clients in response to Anthropic's success, indicating a shift from its previous broad strategy. CEO Fidji Simo emphasized the need for clarity and prioritization to enhance productivity and address internal issues.
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Disney opens a new era as Bob Iger steps down as CEO (again)
Josh D'Amaro has been appointed CEO of The Walt Disney Company, succeeding Bob Iger, who transitions to a senior advisory role. D'Amaro previously led Disney's $36 billion Experiences division and has a 28-year history with the company.
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DIS1,59%
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Sam Altman's human verification company is now building for AI agents
The company built on the argument that humans need protection from bots is now helping bots borrow a person's humanity.
World, the iris-scanning identity startup formerly known as Worldcoin, just announced the launch of AgentKit, a toolkit that lets verified humans delegate their identity to AI
WLD-3,34%
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SeeTheWorldWithSmallvip:
Mortgage release alone won't solve it; we won't be able to get ahead.
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