Alex Karp, CEO of Palantir Technologies, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 7, 2026.  REUTERS/Brendan McDermid (REUTERS)

Why everybody hates Palantir | World News

IN 2016 PALANTIR, an American software firm, successfully sued the US Army to win a second chance at a contract. A decade on, the fortunes of the company seeded by the CIA’s venture arm, and named after an all-seeing stone in J.R.R. Tolkien’s fantasy epic “The Lord of the Rings”, have changed. Business is booming…

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Walmart reports strong sales -- but shares drop as profits get squeezed by tariffs

Walmart reports strong sales — but shares drop as profits get squeezed by tariffs

Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant’s shares were poised to drop as costs from Trump’s tariffs cut into profits. The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target….

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