Gadgets & Tech Headlines
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Chill pervades China's tech firms even as crackdown eases
A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead
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Asian shares trade mixed ahead of US jobs report
Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates
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Kansas commits $304M to chip plant to lure federal funds
Kansas plans to give $304 million in taxpayer-funded incentives to a semiconductor company in its largest city to build a huge new factory
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Amazon beats Q4 revenue estimates, but profits slump
Amazon has reported worse-than-expected profits but its revenue beat expectations boosted by sales in its cloud-computing unit AWS
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Apple suffers 1st quarterly sales decline in nearly 4 years
Apple has posted its first quarterly revenue drop in nearly four years
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Alphabet posts lower Q4 profit amid ad squeeze, competition
Google parent company Alphabet has posted lower profit and a small revenue increase for last year's fourth quarter
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US filings for jobless aid lowest since April
U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve as it attempts to cool the economy and bring down inflation
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Sony CFO to lead entertainment-electronic giant as president
Sony has appointed a company veteran as its president to lead the Japanese electronics and entertainment conglomerate through times of change
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FTC fines GoodRx for unauthorized sharing of health data
The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent
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Meta posts lower Q4 profit, announces huge stock buyback
Facebook parent company Meta has posted another quarter of declining revenue, hurt by a downturn in the online advertising market and competition from rivals such as TikTok
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