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Oct 08 2024BUSINESS

Google's App Store Rules Changing: What You Need to Know

In a big move, a federal judge has ordered Google to shake up its Android app store. This ruling, from a court case between Google and the makers of Fortnite (Epic Games), could change how we get apps on Android phones. Starting November 2024, for three years, you'll be able to download apps from ot

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Oct 08 2024BUSINESS

Samsung's AI Setback: What Went Wrong and What's Next?

Samsung is having a rough patch in the AI chip market, especially with its HBM segment. The company admitted it couldn't land a major client like NVIDIA. This delay, along with increased competition from rivals like SK hynix and TSMC, hurt Samsung's earnings. Samsung blames its late entry into the

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Oct 08 2024BUSINESS

What the U. S. Election Could Mean for Canadian Businesses

Canada's business world is buzzing with concern over the upcoming U.S. election. A recent report from the Canadian Chamber of Commerce warns that protectionist policies proposed by both presidential candidates could seriously damage the economies of both nations. This is due to the strong ties and i

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Oct 08 2024BUSINESS

Small Businesses in Hurricane's Path: Loan Help at Risk

Hurricane Helene left a trail of destruction, and small businesses in its path are feeling the pinch. The government's Small Business Administration (SBA) is offering disaster loans, but they might run dry soon. President Biden warned that if Congress doesn't approve more funds, the SBA could be out

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Oct 08 2024BUSINESS

FTX Gets Court Nod to Repay Customers

FTX has officially received the green light from a bankruptcy court to start repaying its customers. The plan, approved on Monday, is set to use up to $16.5 billion in assets that the company managed to recover after its collapse. The court praised FTX for handling the complex bankruptcy process eff

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Oct 08 2024BUSINESS

Crypto Exchange FTX: A Big Payback Is on the Way

After FTX crumbled in late 2022, many thought their money was gone forever. But recently, a court gave the thumbs-up on a whopping $14 billion U.S. dollars payback plan. This means creditors (people who lent money to FTX) are in for a nice surprise. They'll get all their money back—plus some extra!

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Oct 08 2024BUSINESS

Home Insurance Headache: A Storm Brewing Nationwide

Imagine this: you live in Florida, and a hurricane just slammed into your town. You expect your insurance to help you rebuild, right? Not always. Recently, Florida has been struggling with a big problem in home insurance. Insurance companies are either fleeing the state or hiking up prices so high t

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Oct 07 2024BUSINESS

Rio Tinto Eyeing U. S. Lithium Giant Arcadium: A Game-Changer in Mining?

Picture a mining helmet from Rio Tinto. Now, imagine this global giant is eyeing a big purchase – the U.S. lithium producer Arcadium. Both companies have confirmed they're in talks, but details are still under wraps. Arcadium is no small fish. It's valued at around $3.31 billion and saw its Aus

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Oct 07 2024BUSINESS

September's Job Numbers Shock Economists

The job numbers for September came as a huge surprise. The U.S. Labor Department reported 254,000 nonfarm payroll jobs added—way more than anyone expected. Economists had guessed around 150,000. That's almost like if you were expecting a few extra dollars in your pocket and found a whole twenty inst

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Oct 07 2024BUSINESS

D. C. United and The Museum DC Team Up for Exciting New Merchandise

Imagine blending the spirit of a top sports team with the style of a trendy local brand. That's exactly what happened when D.C. United joined forces with The Museum DC to create a unique line of merchandise. This collaboration isn't just about selling stuff; it's about bringing together different wo

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