Corporate

Tom Selleck’s Ferrari Fetches $345,000 at Auction

Tom Selleck’s Ferrari Fetches $345,000 at Auction

A red Ferrari 308 GTS used in the 1980s TV series 'Magnum P.I.' featuring Tom Selleck has been sold at auction for $345,000 in Palm Beach, Florida. The car was purchased by a German twin brother pair.

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Meta Announces 10% Workforce Reduction and AI Investments

Meta Announces 10% Workforce Reduction and AI Investments

Meta Platforms, Inc. announced on May 20, 2026, that it will lay off approximately 8,000 employees—10% of its global workforce—as part of a restructuring plan focused on artificial intelligence (AI) development. The move comes amid a stock price decline and controversy over employee tracking tools.

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Standard Chartered to cut thousands of roles as AI use increases

Standard Chartered to cut thousands of roles as AI use increases

Standard Chartered has announced plans to cut more than 7,800 back-office roles by 2030 as it increases its use of artificial intelligence. The bank said the move is part of a broader strategy to enhance efficiency and profitability.

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Greece to Pay Off €6.9 Billion, Reducing Debt Burden

Greece to Pay Off €6.9 Billion, Reducing Debt Burden

Greece will make an early €6.9 billion debt repayment in June 2025, bringing its debt-to-GDP ratio below that of Italy for the first time since the 2010 bailouts, according to iefimerida.gr.

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NextEra and Dominion in $116B Energy Merger Talks

NextEra and Dominion in $116B Energy Merger Talks

NextEra Energy and Dominion Energy are reportedly in talks to merge, creating the world’s largest regulated electric utility. The transaction, valued at around $116 billion including debt, would combine assets across the East Coast and offshore wind projects.

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US Says China to Buy $17B in Agricultural Goods Annually

US Says China to Buy $17B in Agricultural Goods Annually

The White House said China will purchase at least $17 billion worth of agricultural goods from the United States annually through 2028, following talks between President Donald Trump and Chinese leader Xi Jinping in Beijing.

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Five Below Posts $970M Revenue, Launches Golden Ticket Dumpling Event

Five Below Posts $970M Revenue, Launches Golden Ticket Dumpling Event

Five Below reported net sales of $970.5 million for Q1 2026, a 19.5% increase from $811.9 million in the prior year, according to a 14 May 2026 press release. The company also launched a new Golden Ticket Dumpling promotion offering a $1,000 shopping spree.

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Trump Noncommittal on $14B Taiwan Arms Sale

Trump Noncommittal on $14B Taiwan Arms Sale

U.S. President Donald Trump said he made no commitment to Chinese President Xi Jinping over Taiwan, and would decide soon on a planned $14 billion arms deal with the island, according to The Spokesman.

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