Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing an influx of calls to resign after a blistering, 234-page report released Tuesday revealing widespread sexual harassment and other misconduct plaguing the federal bank regulator. The damning
Consumers didn’t just have love on the brain on Valentine’s Day. They also appeared to be pop-eyed for Krispy Kreme’s heart-shaped doughnuts, which gave the doughnut maker its best sales day ever during its first quarter . Read more...
Air India Express has a big mess on its hands. More than 100 of its flight crews called out sick at the same time, throwing its operations into chaos. Bloomberg reports that 85 of the low-cost carrier’s flights were cancelled and 90 flights were affected in all. This is the
French artificial intelligence startup, Mistral AI, is reportedly expected to nearly triple its valuation to $6 billion in six months in a new funding round. Read more...
The Dow and other indexes opened higher on Thursday as the latest jobs report suggests the Federal Reserve may lower interest rates this year. Read more...
Advertising revenue in its networks segment, which includes CNN and the Discovery Channel, fell 11% in the first quarter.
If there’s one thing everyone in politics can agree on it’s this — everything has a price. And ex-president Donald Trump has reportedly slapped a $1 billion price tag on removing his rival’s pro-electric vehicle and environmental policies. Read more...
Simon Clarke tells inquiry when he realised expert knew of IT bugs and how he helped halt Horizon prosecutions.
There's no party like a Nugg Party.
A bad thing happened to another Boeing plane on Thursday. A 737-300 operated by the Senegalese carrier Transair skidded off the runway while ablaze at Blaise Diagne International Airport in Dakar, Senegal. A statement from Senegal’s Ministry of Infrastructure, Land and Air
Initial filings for unemployment benefits in the US climbed to their highest level since August 2023 — a sign that the robust American labor market is cooling. Initial jobless claims increased by 22,000 to 231,000 in the week ended May 4, according to Labor Department data
Robinhood’s shares jumped 0.16% on Thursday morning following the announcement of its record quarterly revenue and profits that exceeded analysts’ predictions. Read more...
An executive at Chinese tech giant Baidu wants employees that are seriously devoted to the company — even if it hurts their personal lives. Read more...
Elon Musk’s artificial intelligence rival to OpenAI is reportedly expected to reach an $18 billion valuation after it closes its current funding round. Read more...
Companies had better start scrolling
China’s e-commerce giant is no longer being stripped for parts. Good
Tesla’s sweeping layoffs are reportedly escalating at the electric vehicle maker’s plant in Shanghai. Read more...
Let’s face it: while some of the best headphones we’ve tested sound incredible, they don’t come cheap. Believe it or not, there are plenty of affordable options out there that sound good and don’t require you to spend hundreds of dollars. This list specifically shouts out all
Just over 100 days ago, Elon Musk’s neurotech startup Neuralink placed an implant in the brain of its first human patient : 29-year-old quadriplegic Noland Arbaugh. Read more...
Neuralink's brain-computer interface, known as a BCI, was implanted into 29-year-old patient Nolan Arbaugh's brain back in January.
If Sony Pictures Entertainment and Apollo Global Management acquire Paramount Global , they have their sights set on big changes at the entertainment behemoth — namely, making it smaller. Read more...
Warner Bros. Discovery on Thursday announced a strong first-quarter showing for its streaming unit, even as its studios’ division underperformed. Read more...
Persistent inflation has forced shoppers to look for cheaper goods . In some cases, that has meant paying off items in small increments. And for the e-commerce industry, that has been a billion-dollar opportunity. Read more...
Its comments came as UK interest rates were left unchanged at a 16-year high of 5.25%.
Troubled online used car retailer Cazoo is close to entering administration, putting about 1,000 jobs at risk.
TCS, Infosys and others try to harness the technology first
Hugh Grant and Justine Bateman among those to criticise the destruction in "tone deaf" iPad advert.
The governor of the Bank says it needs to "see more evidence" of falling inflation before cutting the base rate.
