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Business News
Brad Parscale helped Trump win in 2016 using Facebook ads. Now he’s back, and an AI evangelist
The digital campaign operative who helped engineer Donald Trump’s 2016 presidential victory with the heavy use of Facebook ads is back working for Trump and is an evangelist for artificial intelligence
May 06, 2024Walmart US CEO talks inflation, self-checkout, and non-college degree workers
The retailer is offering more skills certificates to workers wanting to advance.
April 25, 2024
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16 minutes ago
Judge grills Apple exec about whether company is defying order to enable more iPhone payment options
A federal judge on Wednesday questioned whether Apple has set up a gauntlet of exasperating hurdles to discourage the use of alternative payment options in iPhone apps, despite a court order seeking to create more ways for consumers to pay for digital ...
16 minutes ago
34 minutes ago
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading
34 minutes ago
1 hour ago
Beyond Meat revenue falls in Q1 on weak demand for plant-based meat in US and abroad
Beyond Meat is reporting higher-than-expected revenue in the first quarter despite lower demand for its plant-based meats in the U.S. and abroad
1 hour ago
2 hours ago
How major US stock indexes fared Wednesday, 5/8/2024
Stock drifted to a mixed close as Wall Street remains in a lull
2 hours ago
2 hours ago
Candace Parker takes a new job with Adidas after retiring from a 16-year WNBA career
Candace Parker has a new job as president of women’s basketball at Adidas
2 hours ago
2 hours ago
Georgia lawmakers vowed to restrain tax breaks. But the governor's veto saved a data-center break
Georgia lawmakers vowed they were going to rein in tax breaks for businesses this year, but their efforts came to nothing
2 hours ago
3 hours ago
South Carolina Senate turns wide-ranging energy bill into resolution supporting more power
A bill passed by the South Carolina House that power companies said is vital to keep the lights on in the state has been turned into an expression of support in the Senate
3 hours ago
3 hours ago
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose 61 cents to $78.99 per barrel Wednesday
3 hours ago
3 hours ago
Steward Health Care says it is selling the 30+ hospitals it operates nationwide
Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection
3 hours ago
4 hours ago
The $230 billion donor-advised fund industry gets an IRS hearing
Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes
4 hours ago
May 08
Shopify's shares tumble on weak outlook after a very strong start to 2024
Shopify’s stock is poised to potentially tumble to an all-time low on Wednesday as the Canadian company gave a disappointing second-quarter forecast that includes easing revenue growth and thinner margins
May 08
May 08
Slow to expand, internet casino gambling is the future of US betting, industry execs say
Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos
May 08
May 08
Uber, Shopify fall; Lyft, Arista Networks rise, Wednesday, 5/8/2024
Stocks that traded heavily or had substantial price changes on Wednesday: Uber, Shopify fall; Lyft, Arista Networks rise
May 08
May 08
What to know about the new AI data center in Wisconsin
The $3 billion investment by Microsoft is expected to add 2,000 permanent jobs.
May 08
May 08
Prada focuses generational transition on artisans, expanding production and workforce in Italy
The Prada Group is expanding its production footprint in Italy, including dozens of new jobs at its knitwear factory in Umbria, leaning into “Made in Italy” as integral to the brand’s ethos
May 08
May 08
In the NIL landscape, schools are turning to companies to train and manage in-house general managers
Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement money
May 08
May 08
Biden to tout new AI data center in Wisconsin
The president will announce Microsoft’s plan to build a $3.3 billion data center, which is expected to be ready for 2026.
May 08
May 08
EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc
May 08
May 08
Kai Cenat's riot charges dropped after he apologizes and pays for Union Square mayhem
Charges of inciting a riot will be dropped against streamer Kai Cenat after he agreed to pay restitution and apologize for luring thousands of fans to New York’s Union Square last year
May 08
May 08
Fans are following Taylor Swift to Europe after finding Eras Tour tickets less costly there
Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices
May 08
May 08
AB InBev reports higher-than-expected revenue in first quarter despite ongoing weakness in the US
Anheuser-Busch InBev reported higher-than-expected revenue in the first quarter despite lower sales in the U.S. and China
May 08
May 08
A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
May 08
May 08
BetterHelp customers begin receiving refund notices from $7.8M data privacy settlement, FTC says
Many current and former BetterHelp customers have begun receiving refund eligibility notices spanning from a $7.8 million settlement reached with the online therapy provider last year over allegations that it shared sensitive health data with advertisers
May 08
May 08
FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
May 08
May 08
Edmunds: Trade or sell your car? What's best might surprise you
With used car prices dropping, it’s crucial to know the best way to maximize your return when you part ways with your current car
May 08
May 08
Biden lauds new Microsoft center on the same site where Trump's Foxconn project failed
President Joe Biden has laced into Donald Trump over a failed project that was supposed to bring thousands of new jobs into southeastern Wisconsin
May 08
May 08
Former Las Vegas casino executive to be sentenced in bookmaking money laundering case
A former top executive at Las Vegas Strip casinos will face a judge in Los Angeles and possible federal prison time after pleading guilty to violating federal anti-money laundering rules
May 08
May 08
Disney receives another key approval to expand Southern California theme parks
Disney has received another key approval to expand its Southern California theme parks in its first push to make major changes to its iconic Disneyland in decades
May 08
May 08
Stock market today: Wall Street's lull stretches to a second day as indexes finish mixed
Stock drifted to a mixed close as Wall Street remains in a lull
May 08
May 08
Toyota racks up booming profit, vows to invest to keep growth going
Toyota has reported that its profit for the fiscal year that ended in March doubled over a year earlier, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker
May 08
May 08
Future of MLB's Tampa Bay Rays to come into focus with key meetings on $1.3B stadium project
The future of the Tampa Bay Rays is about to come into clearer focus as the St. Petersburg City Council begins discussions about the team's planned $1.3 billion ballpark
May 08
May 08
Can you afford to take care of your children and parents? Biden revives effort to lower costs
President Joe Biden is pushing proposals to help families pay for child care, preschool and elder care while he's running for reelection this year
May 08
May 07
Alabama lawmakers approve tax breaks for businesses that help employees afford child care
Alabama lawmakers have approved legislation to provide state tax breaks to businesses that help their employees afford childcare
May 07
May 07
Taylor Swift bill is signed into Minnesota law, boosting protections for online ticket buyers
People buying tickets online for concerts, sporting events and other live events in Minnesota will be guaranteed more transparency and protection under a so-called Taylor Swift bill signed into law Tuesday by Gov. Tim Walz
May 07
May 07
More and faster: Electricity from clean sources reaches 30% of global total
A record 30% of global electricity was generated from renewables in 2023, according to a report released by Ember, a think tank based in London
May 07
May 07
TikTok suing US government over potential nationwide ban
Parent company ByteDance claims the new law, signed in April, violates users' First Amendment rights.
May 07
May 07
Panera to stop serving 'Charged Sips' drinks after wrongful death lawsuits over caffeine content
Panera Bread said it’s discontinuing its Charged Sips drinks that were tied to at least two wrongful death lawsuits due to their high caffeine content
May 07
May 07
FDIC report outlines 'misogynistic,' 'patriarchal' 'good ol' boys' workplace culture
An independent review of the Federal Deposit Insurance Corp.’s workplace culture describes an environment that fostered “hostile, abusive, unprofessional, or inappropriate conduct,” and questions whether the agency’s chairman is credible to lead the ag...
May 07
May 07
Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans
No, Katy Perry and Rihanna didn’t attend the Met Gala this year
May 07
May 07
How major US stock indexes fared Tuesday, 5/7/2024
U.S. stocks held relatively steady as trading on Wall Street calmed following some sharp recent swings
May 07
May 07
Fans are following Taylor Swift to Europe after finding tickets less costly there
Thousands of Taylor Swift fans are following her across the pond after missing out on her U.S. concert tour last year or being put off by marked-up ticket prices
May 07
May 07
Met Gala hauls in record sum of more than $26 million to fund Costume Institute
The 2024 Met Gala raised more than $26 million, a record sum for the party that has become an annual gathering for mega-celebrities in fashion, film, TV, sports, music, business and more
May 07
May 07
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell 10 cents to $78.38 per barrel Tuesday
May 07
May 07
Apple releases new iPads – but is that enough? Experts weigh in.
The tech giant continues to rely on new models of old products, analysts said.
May 07
May 07
One Tech Tip: How to spot AI-generated deepfake images
AI fakery is quickly becoming one of the biggest problems confronting us online
May 07
May 07
Kenvue, Crocs rise; Disney, Teradata fall, Tuesday, 5/7/2024
Stocks that traded heavily or had substantial price changes on Tuesday: Kenvue, Crocs rise; Disney, Teradata fall
May 07
May 07
TikTok sues US to block law that could ban the social media platform
TikTok and its Chinese parent company, ByteDance, are suing the U.S. government over a law that would ban the popular video-sharing app unless it’s sold to an approved buyer
May 07
May 07
TikTok sues the US over attempts to force its Chinese parent to sell the social media platform, citing First Amendment
TikTok sues the US over attempts to force its Chinese parent to sell the social media platform, citing First Amendment
May 07
May 07
Apple's biggest announcements from its iPad event: brighter screen, faster chips and the Pencil Pro
Apple on Tuesday unveiled its next generation of iPad Pros and Airs — lineups that will boast faster processors, new sizes and a new display system
May 07
May 07
Support grows for TikTok ban: Poll
Fifty-one percent of adults say the U.S. government should try to force a sale of the Chinese-owned app and 53% support a ban if it is not sold, according to an ABC News/Ipsos poll.
May 07