Elon Musk's AI startup, xAI, has hired another engineer from Tesla, raising concerns about conflicts of interest as Musk has described Tesla as "an AI company" and has expressed a desire to focus on AI efforts outside of Tesla.
Two people were injured when a Southwest Airlines flight encountered severe turbulence and had to make an emergency landing in Tampa, Florida.
A lawyer takes on an antitrust case that challenges the traditional practices of real estate agents in the US.
The Metropolitan Transportation Authority is demanding that the New York Road Runners pay $750,000 for the use of the Verrazzano-Narrows Bridge during the New York City Marathon, but the Road Runners argue that the increased revenue from transit ridership during marathon week more than compensates for any lost toll revenue, and they are willing to negotiate a resolution.
Shares of Ulta Beauty fell 15% after the company warned of cooling demand, despite having competitive advantages such as carrying both prestige and drugstore brands, offering spas in stores, and having a strong loyalty program.
The Federal Communications Commission (FCC) plans to reinstate net neutrality rules as President Biden's appointed commissioners aim to reverse the Trump administration's rollback of broadband internet regulation.
Homebuyers in nearly half the country need a six-figure income to afford a home, with the typical household needing to earn $99,000 nationally to buy a median-priced home of $415,500, according to Realtor.com data.
Walt Disney Co. shareholders overwhelmingly support chief executive Bob Iger and the company's nominated board members, rejecting a challenge from billionaire investor Nelson Peltz in a closely watched proxy contest.
South Korean computer chipmaker SK Hynix plans to invest over $3.87 billion in Indiana to build a semiconductor packaging plant and research center, creating up to 800 high-wage jobs by 2030.
A Southwest flight made an emergency landing in Tampa after encountering severe turbulence over the Gulf of Mexico, resulting in injuries to two people onboard.
Amazon Ditches Just Walk Out Cashier-less Tech from U.S. Grocery Stores, Bets on Smart Carts Instead
Amazon is removing its "Just Walk Out" technology from its US grocery stores but keeping it in the UK, opting to focus on smart shopping carts instead.
Ticket sales for the $1 billion Powerball drawing have decreased due to "jackpot fatigue," with people less excited by the large prize as it has become more common.
The FCC will vote on a proposal to restore net neutrality on April 25, a move that aims to bring back equal treatment of data and prevent ISPs from throttling speeds or blocking content.
The newly christened Trump Media & Technology Group (NASDAQ:DJT) is facing significant financial challenges and is likely overvalued, with a fair value estimated to be lower than $5 per share, making it a "strong sell" according to an analysis.
Jeff Bezos has purchased a third waterfront estate on Indian Creek Island in South Florida for $90 million, bringing his total spending on the island to nearly a quarter billion dollars.
Bob Iger easily fended off Nelson Peltz and Trian Partners in the recent Disney shareholder meeting, solidifying his position as CEO and making the search for his successor more crucial than ever.
California Republicans criticized Governor Gavin Newsom for a restaurant he partially owns posting a job ad for $16 an hour, failing to mention that Newsom placed his business holdings in a blind trust and has no control over wages offered.
Gold prices have recently reached a record high of $2,319 per ounce, marking its best two-quarter stretch in eight years.
Shares of Intel are sliding after an SEC filing revealed a $7 billion operating loss in its foundry business in 2023, raising concerns about the company's ability to navigate increased competition and find clients for its foundry business.
South Korean company SK hynix has announced plans to invest $4 billion in building an AI chip facility in the Purdue Research Park in Indiana, creating over a thousand new jobs and supporting the growth of the US semiconductor industry.
Two brothers pleaded guilty to coordinating a $23 million insider trading scheme tied to the merger of Donald Trump's social media network, Trump Media & Technology Group, with a shell company, and are now facing prison sentences.
Chase has launched Chase Media Solutions, a new media platform that allows advertisers to target the bank's 80 million customers based on their purchases, providing personalized offers and the ability to earn cash back, while offering businesses the advantage of targeting customers based on their purchase history.
Two brothers have pleaded guilty in federal court for their involvement in a $22 million insider trading scheme related to Trump Media & Technology Group.
Ulta Beauty's stock plummeted after executives signaled a decline in consumer demand for beauty products, leading to a slide in shares of industry peers as well.
Paramount Global's shares surge as talks of a potential deal with Skydance Media progress, following a reported agreement for exclusive negotiations between the two companies, potentially leading to the sale of Paramount by its controlling shareholder National Amusements.
US stocks were largely unchanged as investors awaited a speech by Federal Reserve Chair Jerome Powell, who reiterated that the central bank is likely to cut interest rates this year due to the "bumpy" path of inflation. The S&P 500 rose slightly, while the Dow Jones Industrial Average fell slightly and the Nasdaq Composite gained. Powell's comments came amid concerns about inflation and wage growth, as well as positive news on inflation expectations and strong Q1 sales from Ford. Lastly, Disney successfully defeated activist investor Nelson Peltz in a proxy battle for board seats.
Jeff Bezos, the second-richest person in the world, has purchased multiple properties in Florida's exclusive Indian Creek Island, including a new $90 million mansion, possibly due to the location's exclusivity and potential for a custom home.
Disney has emerged victorious in its proxy battle with activist investor Nelson Peltz, with shareholders voting in favor of the company's incumbent board of directors, causing the stock to trade lower on the news.
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Two brothers have pleaded guilty to securities fraud in connection with an insider-trading scheme involving Trump Media's public offering, where they illegally traded based on nonpublic knowledge of the merger.
A bill being considered in California's state legislature may give workers the right to ignore work messages outside of working hours, potentially reducing burnout and improving work-life balance.
Facebook, WhatsApp, and Instagram, owned by Meta platforms, are currently experiencing a global outage since Wednesday afternoon, with reports of app malfunctioning and image and media uploads struggling the most, but there are no indications of internet disruptions or filtering at a country-level.
The U.S. Food and Drug Administration has approved Zevtera for the treatment of adults and pediatric patients with various serious bacterial infections, including Staphylococcus aureus bloodstream infections, acute bacterial skin and skin structure infections, and community-acquired bacterial pneumonia.
A federal Cyber Safety Review Board report highlights a series of security failures at Microsoft that led to the 2023 Exchange breach, citing a corporate culture that deprioritized security investments and risk management.
The 7.4-magnitude earthquake in Taiwan has affected chipmaker Taiwan Semiconductor Manufacturing Company (TSMC), raising concerns about potential impacts on Nvidia, its second-largest client and a key player in the AI industry.
Former President Donald Trump's media business, Trump Media, has filed a lawsuit against two of its co-founders, alleging mismanagement and seeking to strip them of their shares, just one day before the company's stock market debut on the Nasdaq; Trump Media, which includes the social media platform Truth Social, has seen a successful start, currently valued at $6.8 billion.
Kristen Wiig reprises her fan-favorite Target Lady role from "Saturday Night Live" in a new commercial for Target, promoting Target Circle Week and showcasing the character's chaotic energy and outlandish dialogue.
The Forbes list of New Billionaires 2024 reveals a record number of 2,781 billionaires worldwide, including notable members such as Shunsaku Sagami, Maggie Gu, Molly Miao, Ren Xiaoqing, Todd Graves, Earvin "Magic" Johnson, and Taylor Swift, with the total net worth of all billionaires reaching $14.2 trillion.
Disney emerged victorious in a proxy battle against activist investors who were seeking board seats, marking a significant win for CEO Bob Iger and his legacy at the company.
Bob Iger, CEO of Disney, celebrates a victory against Nelson Peltz's attempt to join the Disney board while taking a dig at his rivals, and now turns his attention towards growth and value creation for shareholders and creative excellence for consumers.
Jeff Bezos has purchased a $90 million mansion on South Florida's Indian Creek Island, adding to his existing $147 million worth of properties in the area, and plans to demolish all three to build a megamansion. He made the move to Florida to be closer to his parents and to take advantage of the state's favorable tax environment.
Tesla experienced its first annual drop in sales since the pandemic due to increased competition from Chinese, U.S., and European automakers, while Ford Motor reported strong sales thanks to demand for its pickup trucks and crossover SUVs.
Costco is expanding its partnership with Sesame to offer exclusive pricing on weight loss programs, providing members with a three-month subscription for $179, including a consultation with a weight loss doctor and personalized treatment plans.
Lyft has proposed compromise pay rates for its drivers in Minneapolis in an attempt to prevent service shutdowns when the city's new rideshare pay ordinance takes effect, suggesting it is willing to support the pay rates recommended in a state study.
Two Florida venture capitalists, Michael and Gerald Shvartsman, have pleaded guilty to insider trading charges related to the merger between a shell company and Donald Trump's social media business, Truth Social, resulting in profits of over $22 million.
The Federal Communications Commission (FCC) plans to reinstate net neutrality rules and regain regulatory oversight of broadband internet, as approved by court and supported by President Biden, to ensure fair and open access to all.
A petition calling for a new fraud investigation into former President Donald Trump has gained 12,000 signatures, urging officials to probe possible securities fraud after his social media platform, Truth Social, experienced a significant drop in stock value following its IPO.
Apple stock has formed a "death cross" on its chart, indicating potential further weakness and price declines for the stock.
Disney shareholders have rejected activist investor Nelson Peltz's bid for Disney board seats, reelecting all 12 of the company-backed board members including CEO Bob Iger.
Ulta Beauty has experienced a significant loss in stock value due to negative projections stemming from surging credit card debt and high interest rates, but the company is hoping to recover with the release of the inclusive Wyn Beauty line and its semi-annual beauty sale.
