The stock market started off well on Monday, following a few weeks of bloodbaths and some amazing earnings reports . Investors are pouring money into the stock market, hoping that the Fed will soon slash interest rates. Read more...
Microsoft is reportedly training its own artificial intelligence model to compete with models from Google and OpenAI, which it has a multi-year, multibillion-dollar partnership with. Read more...
The Walt Disney Company and Comcast are looking to recruit an investment firm that will help the companies finally decide the worth of Hulu , the streaming platform owned by Disney. Read more...
SpaceX is preparing to launch a private crew of astronauts on a five day journey through Earth orbit, and they will be the first to try on the company’s latest spacesuit design during a first-of-its-kind spacewalk. Read more...
If you’ve been wandering the aisles of your local grocery store wondering why olive oil has gotten so much pricier than you remember, the answer is climate change. Read more...
The United States Department of Justice (DOJ) and Google wrapped up closing arguments in a potentially historic antitrust lawsuit on Friday. The DOJ has released a 370-page slideshow supporting its case that Google holds a monopoly over the search engine market — and offered a
Shares of meatpacking giant Tyson plunged more than 9% — the stock’s worst day since August — after the company said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the second quarter. At grocery stores, shoppers are
Google’s new threat intelligence solution includes a generative artificial intelligence-powered chatbot that can analyze potential malware and quickly provide a summary for customers so they can tackle threats faster. Read more...
The crypto arm of trading platform Robinhood has received a Wells notice from the Securities and Exchange Commission (SEC) over allegedly violating securities laws. Read more...
The union announced that concessions included a minimum base salary of $61,500, expanded bereavement leave, expanded family leave, and $3.3 million in total wage increases.
New Florida residents Jeff Bezos and his fiancée Lauren Sanchez announced a $60 million initial investment into sustainable protein, including “cultivated meats” — just before Gov. Ron DeSantis barred the sale of lab-grown meat in the Sunshine State. DeSantis signed the
The New York Times’ executive editor bashed former colleague Bari Weiss, who went on to launch independent news outlet “The Free Press,” saying “she’s got a single note, and keeps playing it up over and over again.” Weiss is also “missing a commitment to deeper reporting [at
Geely-owned Zeekr has officially moved to land on the New York Stock Exchange after months of discussions, making it the latest Chinese automaker to try and go public in the U.S. Read more...
The SEC has adopted a tough stance toward the digital currency industry, arguing most cryptocurrency tokens are securities and subject to its registration rules, while crypto firms have accused it of overreach.
Tyson Foods wants to meet consumers where they are, but stubborn inflation may continue to pose a challenge for the largest meat company in the U.S. Read more...
Businesses start to enter murky antitrust waters when they hold more than a 50% share of a given market. And amid the close of its antitrust case with the United States Department of Justice (DOJ) — the first anti-monopoly tech lawsuit the U.S. has filed in over two decades —
The stock market kicked the week off on a strong note as investors gained confidence that the Fed would cut rates later this year. This week’s focus will be on earnings reports from Disney, Uber and Airbnb. Read more...
Microsoft has been setting aside large cluster of servers equipped with Nvidia's graphic processing units along with large amounts of data to improve the model, according to the report.
Bluesky confirmed Jack Dorsey’s departure from the decentralized social media company’s board of directors on Sunday. Earlier this weekend, Twitter’s founder and former CEO tweeted a simple “no” in response to a user’s questions to announce his exit from Bluesky, a platform he
Steward Health Care, the largest physician-led, for-profit hospital network in the United States, filed for bankruptcy Monday morning as it works to finalize the terms for a loan from hospital landlord Medical Properties Trust. Read more...
The Biden administration is looking for proposals from companies that can establish and operate an institution that will develop “digital twins” of semiconductors, with the opportunity to receive up to $285 million in funding. Read more...
Spirit Airlines needs good news to convince Wall Street that it can do well by itself in the wake of its abandoned merger with JetBlue Airways . Unfortunately, its latest earnings report only proves that it can do badly all by itself. The company reported its 10th consecutive