Qualcomm Shares Surge as Chipmaker Doubles Down on Data Center and AI Ambitions
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Qualcomm Shares Surge as Chipmaker Doubles Down on Data Center and AI Ambitions

Qualcomm shares experienced a significant 15% rally in extended trading following a bold update to the company’s long-term financial outlook. The chipmaker, traditionally recognized for its dominance in smartphone processors, announced that it now expects non-handset revenue to reach $40 billion by fiscal 2029, nearly doubling its previous forecast of $22 billion. This strategic pivot […]
IRS Identity Theft Backlog Reaches Crisis Levels Amid Staffing Cuts, Leaving Half Million Taxpayers in Limbo
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IRS Identity Theft Backlog Reaches Crisis Levels Amid Staffing Cuts, Leaving Half Million Taxpayers in Limbo

Hundreds of thousands of Americans who have fallen victim to identity theft are enduring “unconscionable” delays in resolving their cases with the Internal Revenue Service. An internal watchdog has revealed that the federal agency is currently taking an average of 20 months—nearly two years—to close these complex cases, a situation causing significant financial distress and […]
US Banks Show Resilience: Stress Tests Reveal Strong Capital Buffers Amid Regulatory Overhaul
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US Banks Show Resilience: Stress Tests Reveal Strong Capital Buffers Amid Regulatory Overhaul

America’s largest financial institutions have demonstrated robust resilience, successfully navigating a severe hypothetical economic downturn in the Federal Reserve’s latest annual stress test. The results, released Wednesday, indicate that the nation’s 32 largest banks could collectively absorb over $708 billion in losses during a deep global recession while continuing to provide essential credit to consumers […]
Anthropic Alleges Massive Intellectual Property Theft by Alibaba in AI Distillation Scheme
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Anthropic Alleges Massive Intellectual Property Theft by Alibaba in AI Distillation Scheme

Anthropic has formally alerted U.S. lawmakers to a sophisticated and large-scale effort by Alibaba to illicitly extract proprietary artificial intelligence capabilities. In a letter addressed to the Senate Committee on Banking, Housing, and Urban Affairs, the AI firm characterized the actions as a ‘brazen’ distillation attack, marking what it describes as the most significant attempt […]
White House Pressures Defense Giants to Accelerate Missile Production Amid Global Tensions
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White House Pressures Defense Giants to Accelerate Missile Production Amid Global Tensions

President Donald Trump recently convened with the chief executives of major defense contractors, including Boeing, Lockheed Martin, and Honeywell, to address critical concerns regarding the depletion of U.S. missile and munitions stockpiles. The meeting underscores a growing urgency within the administration to bolster the nation’s defense industrial base following recent military operations in Iran and […]