On Thursday, Peloton stock dropped almost 10% following the announcement of 400 job cuts and the departure of CEO Barry McCarthy, who took the position in 2022. Karen Boone and Chris Bruzzo will serve as interim co-CEOs until the company completes its search for McCarthy’s
More businesses are making use of artificial intelligence — and it has potential to drive innovation and improve productivity growth, a new report says. Read more...
Apple reports earnings after the bell Thursday, and it’s expected to reveal more about how AI is boosting its business and its AI strategy going forward. That means it might shed more light on how it’s incorporating Darwin AI, a little-known Canadian AI startup it acquired this
The stock of the online marketplace Etsy fell more than 15% on Thursday and was the worst performer on the S&P 500. Its latest earnings report showed a drop in gross merchandise sales and a weak guidance report. Read more...
U.S. stocks rose broadly Thursday afternoon, as investors awaited Apple’s quarterly earnings report after markets close and the monthly jobs report due Friday. Read more...
Trump Media & Technology Group stock climbed 9% on Thursday afternoon after CEO Devin Nunes made another call to Congress to investigate firms for what he called “potential manipulation” of the company’s stock Read more...
Lemon was gifted a bottle of 2017 Opus One Cabernet blend as he dined with husband Tim Malone at Porter House near Columbus Circle.
One of the students said Tesla informed her via a phone call that she no longer had a summer internship, a development she linked to cost-reduction efforts Tesla recently started.
Sony Pictures and Apollo Global Management have made a $26 billion all-cash offer to buy Paramount Global, the parent company of CBS, MTV, and Paramount Pictures, according to a new report. Read more...
“There will be bank failures.” Read more...
Marciano was dressed casually in jeans and a jacket while wearing a baseball cap and holding a cup of coffee near his Westchester home.
Investment bank becomes the first to bring in changes first announced by Kwasi Kwarteng in 2022
The recent total solar eclipse on April 8 provided a rare glimpse of the Sun’s roiling corona, including some eye-grabbing prominences . Those views were neat, but a new video captured by Europe’s Sun-buzzing probe is providing some of the best close-up views of our host star
ExxonMobil, the world’s largest non-state-owned oil company, had planned back in October to spend $60 billion to acquire Pioneer Natural Resources, an oil and natural gas mining company. But the Federal Trade Commission has been holding up the deal for months as it investigates
Wendy’s doesn’t want another surge pricing debacle . Read more...
Samsung teased the Galaxy Ring earlier this year when it introduced the Galaxy S24 series of smartphones. Naturally, this sparked a flurry of rumors about what’s to come and what the wearable could be like. But Samsung is still making smartwatches, too. Based on the hearsay,
Even the most powerful person in the world is impressed by ChatGPT. Read more...
Google and the Department of Justice are presenting their closing arguments in the biggest antitrust trial of the 21st century this Thursday and Friday. Read more...
AI Fashion pays models to upload a few dozen photos of themselves in order to use their likeness in fashion campaigns and other advertisements.
Baltimore’s Francis Scott Key Bridge collapsed in March after it was hit by a cargo shop that lost power. The strike from the ship brought the towers of the bridge crashing down and left the Dali cargo ship stuck under thousands of tons of metal. Since then, regular people
Novo Nordisk is under pressure to cut US prices of its weight loss drug, as demand soars.
Amazon CEO Andy Jassy had a lot to say about his employees’ efforts to unionize in 2022. But those comments, made casually to media outlets, violated federal labor laws, a National Labor Relations Board (NLRB) judge ruled this week. Read more...
The Daily Wire secretly sought to muzzle Owens even as star host Ben Shapiro and company CEO Jeremy Boreing were publicly negotiating with her.
The cost of the "extra members" on Max’s platform will be cheaper than $9.99, according to Bloomberg.
There’s nothing like riding passenger on a road trip and l etting the car lull you to sleep, but why is it that riding in a car makes folks so darn eepy? A 2018 study conducted by RMIT University Australia found that the natural vibrations we experience when in moving vehicles
Nearly a week after launching to space, a microwave-sized cubesat phoned home for the first time as it prepares to embark on its mission of sailing through low Earth orbit. Read more...
A version of this article originally appeared on Jalopnik . Read more...
The Dow Jones and other major stock indexes opened higher a day after the Fed confirmed that there won’t be any more interest rate hikes . The April jobs report is due Friday, which will influence the stock market’s performance. Read more...