Law enforcement arrested two operators of the LockBit ransomware gang, seized their servers, and created a decryption tool to recover encrypted files for free, as part of an international crackdown on the cybercrime group.
General Motors has issued a second stop-sale order in three months due to software problems, pausing the sale of 2024 Chevrolet Colorado and GMC Canyon trucks, following a previous halt in December for Chevrolet Blazer EVs.
Home Depot forecasts full-year results below analysts' expectations due to weak demand for home remodeling and discretionary categories, with customers limiting spend to repairs and maintenance amid inflation, leading to a drop in fourth-quarter sales and foot traffic.
U.S. banking regulators are seeking information from regional lenders regarding the potential fallout from issues at New York Community Bancorp, indicating ongoing concerns about the health of the sector despite no unusual activity being observed.
Investors are considering the possibility of the Federal Reserve needing to raise interest rates instead of continuing to cut them due to the uncertainty surrounding the US economy's landing, which was previously expected to be a steady reduction of rates.
According to a report, the average American subscriber spends $924 per year on streaming subscriptions, with 25% paying $100 per month and 5% paying $200 monthly, leading to discussions about subscription fatigue and a desire for a single content hub and bundled options.
Elon Musk claims that the first human patient to receive Neuralink's brain-chip implant can now move a computer mouse cursor using their mind alone, showing promising progress in enabling individuals to control technology through thoughts.
Capital One Financial plans to acquire Discover Financial Services in a $35 billion deal, bringing together two major credit card companies and potentially disrupting the payments industry dominated by Visa and Mastercard. The acquisition would provide Capital One with a credit card partner and access to the Discover payment processing network.
Michigan Central Station, a Detroit landmark that closed over 30 years ago, is set to reopen on June 6, 2024, as part of a new mobility campus developed by Ford Motor Co.
The current process of terminating employees is degrading and counterproductive, causing demoralization among survivors and leading to costly problems like low productivity and high turnover, and companies should prioritize avoiding layoffs and implement more humane and thoughtful approaches.
The IRS has granted some unusual tax deductions, including breast implants for an exotic dancer, a private jet for business purposes, pet-related expenses for business and charitable purposes, and swimming pools prescribed for medical reasons.
The Department of Justice, along with international law enforcement partners, has disrupted the LockBit ransomware group, one of the most active ransomware groups in the world, and seized control of their servers, resulting in the disruption of their operations and the potential restoration of systems for hundreds of victims.
The Biden administration is facing criticism for proposed tax credit rules under the CHIPS Act that exclude polysilicon manufacturers, despite President Biden's intention to support the domestic chip industry.
U.S. stock-index futures moved lower as cautious investors await earnings reports and crucial results from Nvidia, with S&P 500 futures, Dow Jones Industrial Average futures, and Nasdaq 100 futures all falling.
Super Micro Computer Inc. has experienced significant growth and outperformed major tech players like Nvidia in the AI market, with its shares skyrocketing since the start of 2023 and a staggering year-to-date gain of 183%, reflecting strong demand for its optimized AI computer platforms.
Nvidia is set to report its earnings with bullish expectations, Walmart's fourth quarter results are expected to show a drop in growth, Home Depot's earnings may indicate its first annual sales drop since 2009, and InterContinental Hotels Group (IHG) has announced a new share buyback and dividend increase after exceeding expectations.
Disgraced FTX founder Sam Bankman-Fried appears scruffier and has lost weight in prison, as shown in a photo obtained by crypto influencer Tiffany Fong, revealing the poor living conditions and challenges he faces while awaiting sentencing for fraud and conspiracy charges.
EV manufacturer Rivian is set to release its Q4 2023 financial results, with higher vehicle deliveries and cost reduction efforts expected to improve performance, although concerns about a slowdown in EV demand remain.
Starbucks has released a new drink in China called the "Abundant Year Savory Latte," which combines Dongpo Braised Pork Flavor Sauce with espresso and steamed milk and is priced at $9.45, aiming to bring traditional New Year customs into coffee and create unexpected savory and sweet flavors.
Nvidia is expected to report strong Q4 financial results, driven by high demand for its chips in the AI industry, particularly in the Data Center business, resulting in tripled revenues year-over-year; however, the stock's recent rally suggests that much of the potential gains are already priced in.
Holiday Inn owner IHG plans to return over $1 billion to shareholders in 2024 after reporting strong annual room revenue and operating profit, with the company aiming for high single-digit growth in fee revenue through increased occupancy rates and hotel expansion.
European stocks and US equity futures dropped, miners led basic-resources stocks lower, and futures on the S&P 500 and Nasdaq 100 slipped as caution prevailed in global markets despite China's efforts to support its struggling property sector.
Companies selling unhealthy foods face the need to adapt their business models due to the increasing popularity of weight-loss drugs, prompting concerns from investors.
Capital One Financial Corp. plans to purchase Discover Financial Services in an all-stock deal, creating the largest card issuer in the US and building a competitive payments network.
The tech industry has experienced layoffs in recent years, but Salesforce CEO Marc Benioff believes that artificial intelligence is driving a tech revival in San Francisco, with an increasing demand for engineering and programming talent in AI.
The Nusr-Et Steakhouse in London, founded by Turkish butcher Nusret Gökçe, known as Salt Bae, cuts heating during peak hours to save money despite recording a profit of £3.3 million ($4.15 million) in 2022.
A man wearing a gray hoodie and black beanie stole the earnings from a Girl Scout troop selling cookies in front of a Walmart in Fort Worth, Texas.
China's central bank has cut its key mortgage reference rate, the five-year loan prime rate (LPR), by a record amount in an effort to address the ongoing property crisis in the country.
Woolworths CEO Brad Banducci has resigned following scrutiny over alleged price-gouging tactics, as the Australian supermarket giant faces criticism over its business model and a cost-of-living crisis in the country.
A class action lawsuit has been filed against Stanley, the company behind the popular Quencher line, alleging that they did not disclose the use of lead in their products; however, Stanley's website claims that their products are safe and they are transparent about their use of lead.
The FBI and international allies have seized a dark-web site used by the ransomware gang LockBit, disrupting their operations and potentially providing law enforcement with deeper access to their networks.
Delta Air Lines has created a special flight, Delta Flight 1218, that allows passengers to spend as much time as possible in the path of totality for the April 8 solar eclipse.
Get the best deals on Amazon for Presidents Day, including discounts on products like the iRobot Roomba j7, Anker Soundcore Bluetooth Speaker, and Samsung Galaxy Watch Pro 5.
Falling natural gas demand due to warm winter temperatures in the United States has led to a surplus and the lowest prices in 30 years, causing major producers to scale back drilling.
Loop Capital analyst Ananda Baruah has initiated coverage of Nvidia (NASDAQ: NVDA) with a Buy rating and a Street-high price target of $1,200, citing the potential for significant growth in revenue and earnings from the sale of high-end Data Center GPUs.
The labor union UFCW Local 555 endorses the proposed $24.6 billion merger between Kroger and Albertsons, parent companies of Fred Meyer, QFC, and Safeway grocery stores.
Best Buy is holding a blowout sale for Presidents Day with deep discounts on popular items such as tablets, laptops, kitchen appliances, TVs, and more, but the sale ends tonight, so act fast.
Walmart is set to report fourth-quarter earnings, which will provide insights into consumer spending, with expectations of a decline in earnings but increased revenue.
Delta Air Lines has created a special flight, Delta Flight 1218, that will allow passengers to spend "as much time as possible" in the path of totality for the April 8 solar eclipse.
The Teamsters union has gone on strike at Molson Coors' Texas brewery and has threatened to do the same at all of Anheuser-Busch InBev's U.S. breweries if a new deal for workers is not reached by the end of the month.
In today's President's Day sales, you can save up to 50% off on hybrid mattresses, with three specific recommendations including the Saatva Classic, the DreamCloud, and the Helix Midnight.
Presidents Day mattress sales offer significant discounts on top mattress brands, making it an ideal time to upgrade your mattress for better sleep and comfort.
The Biden administration plans to delay the requirement for auto companies to increase their sales of electric vehicles until after 2030 in response to weak demand for EVs, according to sources familiar with the White House's plan.
Law enforcement agencies from 11 countries, including the National Crime Agency of the UK and the FBI, have disrupted the LockBit ransomware operation known as "Operation Cronos," seizing control of its data leak website and other affiliated sites.
A Washington, D.C. man is suing Powerball for denying him a $340 million jackpot that he claims he won due to a posting error on the D.C. Lottery website.
Bayer plans to cut its dividend by 95% in an effort to address its financial challenges following the Monsanto acquisition and the mounting legal costs associated with Roundup lawsuits.
The FDA has approved Xolair, a new drug, to reduce severe allergic reactions to certain foods, including the risk of anaphylaxis, in patients over the age of 1, providing a treatment option to reduce the health impact if accidental exposure occurs.
A man in Washington DC is suing Powerball and the DC Lottery for mistakenly publishing his winning numbers, claiming damages of $340m (£270m).
Gold and silver maintain critical support despite hedge funds liquidating their bullish positions and increasing speculative bets due to inflation fears, with gold's bullish speculative positioning falling to its lowest level since October 16 but still holding support at $2,000.
Air Canada has been ordered by the Civil Resolution Tribunal to pay a total of $812 CAD to a customer who was misled by the airline's online chatbot regarding a fare discount policy.