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T-Mobile customers will soon lose a 35-year-old wireless service

T-Mobile is shutting down a service it has offered customers for 35 years. The move comes as the carrier has recently been phasing out older offerings across its wireless lineup.  For example, earlier this month, T-Mobile revealed that it is discontinuing a plethora of older phone plans that launched almost 15 years ago, including Magenta, […]

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Microsoft cuts thousands as Xbox faces rude awakening 

Microsoft’s (MSFT) latest restructuring just sent a painful message to employees and investors at the same time. The company is tightening its workforce again as it looks to manage weaker pockets of the business while keeping its massive AI push on track.  The timing couldn’t have been more difficult.  Microsoft shares have lagged other megacap

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New jobs data reveals troubling wave of cuts at retail and restaurant chains

The U.S. job market is still expanding, as it appeared after the much-hyped May jobs report, which reported the addition of 172,000 jobs to the US economy. But, as TheStreet covered, many of those jobs were concentrated in the travel and leisure sector.  And now, the latest June report from the Bureau of Labor Statistics,

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TeraWulf stock jumps on $19 billion Anthropic AI deal

TeraWulf shares jumped on July 6 after the company landed a major artificial intelligence infrastructure customer. TeraWulf (WULF) announced a 20-year lease with Anthropic at its Justified Data campus in Hawesville, Kentucky. The agreement is expected to generate about $19 billion in contracted revenue over the initial lease term. TeraWulf stock was recently trading at

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Palantir’s AI valuation problem may finally be easing

Palantir Technologies (PLTR) is giving Wall Street a familiar problem. Investors admire the company’s stance on artificial intelligence, government software, national security, and enterprise automation. They also ask how much they should pay for that growth. That tension has haunted Palantir for years. Bulls see a company that can assist governments and companies in applying

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Another luxury fashion retailer closes 139 stores as merger fails 

Luxury brands are typically considered recession-resistant. Yet recent store closures suggest that luxury is not always enough to keep a business afloat amid shifting consumer habits and economic challenges.  McKinsey & Company reveals an important shift in consumer behavior: Emotional connection is now a top driver of purchasing decisions, ahead of traditional luxury markers such

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