Business

All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more

Fed Maintains Rates Amid Inflation, Economic Concerns Persist

The Fed maintained the 5.25-5.5% rate in May 2024 due to persistent inflation and a tight labor market amid public concerns about financial futures.

2 days ago

Is Co-Ownership The Solution To The Frozen Housing Market Dilemma?

The Q3 2024 housing market saw high prices, stable mortgage rates, and low inventory, driving competition, and record median home prices of $419,300.

2 days ago

JPMorgan Profits Jump In Q2 On Higher Interest Rates, Visa Shares

JPMorgan Chase says profits jumped sharply ias the bank cashed in billions of dollars of its holdings in Visa Inc., also helped by higher interest rates.

Senator Calls Out Big Tech’s New Approach to Poaching AI talent

U.S. Sen. Ron Wyden is calling for action against a new practice big technology companies are using to swallow up AI talent.

3 days ago

The $36 Billion Trading Loss You’ve Never Heard Of

Archegos's Bill Hwang turned $10 billion into $160 billion into nothing. Plus: Intuit's layoffs, Elon's travails, Boeing's bad week, Jerome Powell, and mor

3 days ago

Costco Raises Annual Membership Fees for the First Time Since 2017

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the warehouse chain prepares to raise its membership fees.

4 days ago

¡Aprende Idiomas En 2024 Con Babbel! Say "¡Hola!" To New Adventures!

Language learning apps surged in 2024, with Babbel offering interactive lessons, vocabulary practice, and grammar exercises for effective language acquisition.

4 days ago

AI's Dual Impact on Jobs: Displacement and Creation Worldwide

AI is poised to transform global employment by replacing 300 million jobs while creating new ones, potentially boosting GDP by 7%.

4 days ago

Jenius Bank Report Reveals Financial Impact on Mental Health

The Mind-Money Connection explores how managing finances can boost happiness and uncover the real impact personal finances have on mental health and well-being.

5 days ago

Milk, Eggs and Now Bullets for Sale In Grocery Vending Machines

A company has installed vending machines that sell ammunition in grocery stores in Alabama, Oklahoma, and Texas, raising gun control concerns.

5 days ago

Tax Prep Firm Intuit to lay off 1,800 as Part of AI-Focused Re-org

WASHINGTON (AP) — Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off abou

5 days ago

Microsoft Quits OpenAI Board Amidst Antitrust Scrutiny of AI pacts

Microsoft has relinquished its seat on the board of OpenAI, saying its participation is no longer needed because the firm has improved its governance.

5 days ago

Are Personal Checks Done? Target Will Stop Accepting Them Next Week

Target will no longer accept personal checks from shoppers as of July 15 in a sign of how a once ubiquitous payment method is going the way of the dodo.

5 days ago

Judge who Nixed Musk’s Pay Mulls Massive Fee Request from Lawyers

A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully voided a pay package for Tesla CEO Elon Musk

6 days ago

Small Businesses Continue to Suffer from Rent Inflation

The Bank of America Institute found that average monthly rent payment growth for the bank's small business clients rose 12% year-on-year.

6 days ago

Debate as AI-Driven Car Hits Person Crossing Against Light in China

A driverless ride-hailing car in China hit a pedestrian, but people on social media are taking the carmaker’s side in an AI vs. humans debate.

6 days ago

Fed’s Powell Highlights Slowing Job Market in Possible Rate Cuts Sign

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.

6 days ago

King Arthur Baking’s CEO on the Flour Company’s Post-Pandemic Rise

America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.

6 days ago

Work Friends Can Be Hard to Find: How to Combat Loneliness at Work

The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!

6 days ago