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Top Business Updates as of February 14, 2024

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Top Business Updates as of February 14, 2024

  1. Nvidia surpassed Alphabet to become the third-largest U.S. company by market capitalization.
  2. Jeff Bezos sold more than $2 billion in Amazon stock.
  3. Instacart laid off 250 employees and lost three C-suite executives.
  4. Slack released generative AI tools to help users handle message overload.
  5. McDonald’s CEO sees a McFlation ‘battleground’ with customers revolting over high prices.
  6. OpenAI Chair Bret Taylor said he’ll recuse himself from his new AI startup, Sierra.
  7. U.S. office prices could drop 30% as remote- and hybrid-work culture continues.
  8. McDonald’s reported a 13% increase in global sales in January.
  9. Tesla’s board remained silent after a court revoked Elon Musk’s $56 billion pay package.
  10. K2 Space, a startup building monster satellites, raised $50 million.
  11. Biogen revenue and profit shrank on Aduhelm costs and slumping sales of MS therapies.
  12. Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales.
  13. Coca-Cola sales beat estimates, helped by higher prices.
  14. Chrysler revealed a new Halcyon concept car as a direction for future EVs.
  15. Sony posted record quarterly revenue, smashing through expectations, on PlayStation bump.
  16. Lyft shares rose 16% in premarket trade, retaining some gains after forecast error.
  17. The U.S. workforce is still remarkably gendered, with women shut out of the highest-paying jobs.
  18. McDonald’s CEO sees a McFlation ‘battleground’ with customers revolting over high prices.
  19. OpenAI Chair Bret Taylor said he’ll recuse himself from his new AI startup, Sierra.
  20. U.S. gas producers are racing to sell to Asia, and Mexico is key.

These updates reflect a range of business developments, from company mergers and layoffs to new product releases and economic trends.

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