Business

Business • Views: 715
How persistent food inflation is becoming a significant challenge for Biden
In March, inflation in the US once again surpassed expectations, indicating a continued increase in consumer prices during Joe Biden's presidency
Business • Views: 772
Hot inflation data hurt chance of June rate cut as Dow plunges over 400 points
Hotter-than-expected inflation data Wednesday threw cold water on investors’ hopes that the Federal Reserve would begin cutting interest rates as early as June – sending the markets plunging.
Business • Views: 1187
Apple Vision Pro users experience bruising around the eyes, headaches, and neck discomfort from the $3,500 headset
Users of the Apple Vision Pro are saying that the $3,500 gadget is causing them to get bruises around their eyes, headaches, and neck discomfort
Business • Views: 422
US inflation jumps 3.5% in March, raising more concerns about the Fed’s potential rate cuts
In March, inflation in the US experienced another significant increase, climbing by 3.5%. This recent figure casts uncertainty on whether the Federal Reserve will indeed start lowering interest rates by June
Business • Views: 437
According to a report, amateur adult film actors are using Apple Vision Pro to record intimate scenes
Diana and Damien Soft, who share their content on OnlyFans, PornHub, and Fansly, informed 404 Media that the $4,000 headset's built-in camera allows them to overcome the technical challenges of uploading adult material to the Vision Pro
Business • Views: 989
FAA probes Boeing whistleblower’s alarming safety claims about 787 and 777 jets
The Federal Aviation Administration is investigating a Boeing whistleblower's claims that the company dismissed safety and quality concerns in the production of the planemaker's 787 and 777 jets, an agency spokesperson said Tuesday.
Business • Views: 1106
Demand for Spam, canned meats ‘on fire’ as relentless food inflation forces cash-strapped shoppers to scale back
Demand for cheap canned meats like Spam and Vienna Sausages is surging as cash-strapped shoppers look to stretch their paychecks.
Business • Views: 590
Elon Musk claims he 'might have done more to financially harm' X than to benefit it
Earlier this year, Elon Musk acknowledged in court that his impulsive social media posts on X might have caused more financial damage to the company than benefits
Business • Views: 995
Donald Trump's investment in the parent company of Truth Social falls to $3 billion as the stock keeps declining
Donald Trump's media and technology company saw its stock drop by up to 12% on Monday, continuing a decline that has now lowered the worth of his investment in Truth Social's parent company to $2.9 billion
Business • Views: 1143
Tesla resolves lawsuit regarding 2018 fatal accident of Apple engineer involving Autopilot
According to court documents cited by the Washington Post on Monday, Tesla has reached a settlement in a lawsuit concerning the death of a former Apple engineer in 2018 after his car careened off a highway in Northern California
Business • Views: 927
Exclusive | Blame Delaware: CEO defends Elon Musk, takes out $2M ad campaign hit on ‘anti-business’ state
Joe Biden's home state of Delaware is under attack over TV ad claims — funded by a tech CEO — that it is anti-business.
Business • Views: 803
A report says that insurance firms utilize drones and high-altitude balloons to monitor homes and refuse coverage
Home insurance providers are capturing images of house roofs and backyards with drones, piloted aircraft, and high-altitude balloons
Business • Views: 448
TSMC plans to increase computer chip manufacturing in Arizona with $11.6 billion from the CHIPS Act
The US Commerce Department announced on Monday that Taiwan Semiconductor Manufacturing Co. is set to receive up to $11.6 billion in federal grants and loans to enhance chip production in Arizona, which is essential for powering smartphones, artificial intelligence, and military initiatives
Business • Views: 509
Elon Musk predicts AI will be smarter than the smartest human by next year
Tesla Chief Executive Elon Musk on Monday said artificial intelligence that was smarter than the smartest human probably would be developed next year, or possibly the next.
Business • Views: 837
Paddy Cosgrave returns as CEO of Web Summit, declines to address comments about Israel's alleged 'war crimes'
Paddy Cosgrave is back in his position as CEO of the prominent European tech event, Web Summit, under six months after stepping down amid controversy for accusing Israel of committing war crimes in Gaza
Business • Views: 975
JPMorgan Chase names potential successors to CEO Jamie Dimon
JPMorgan Chase is preparing for the day when Jamie Dimon is no longer head of banking behemoth.
Business • Views: 722
Jamie Dimon warns interest rates could soar above 8%, throws doubt on ‘soft landing’
“These markets seem to be pricing in a 70% to 80% chance of a soft landing. I believe the odds are a lot lower than that," the JPMorgan CEO wrote in a letter to shareholders Monday.
Business • Views: 1196
Royal Bank of Canada dismisses financial chief due to undisclosed relationship
The Royal Bank of Canada terminated CFO Nadine Ahn following an internal investigation that uncovered her involvement in an undisclosed personal relationship with another employee, which breached the bank's code of conduct
Business • Views: 725
17 Things Wealthy Individuals Have Entirely Spoiled for Those with Less Money
My parents moved to the United States in the early '90s. Five years after that, they purchased their first home. And they did it with minimum-wage positions! They truly lived the American Dream. It's a different story for my generation
Business • Views: 492
Keep an eye out on these big-money donors with the 2024 election approaching
Donald Trump’s relationship to the GOP donor class has always been fraught, but lately it’s getting less so thanks to Sleepy Joe Biden’s endless idiocy on a range of policy issues.
Business • Views: 1207
Mark Zuckerberg overtakes rival Elon Musk on the list of billionaires for the first time since 2020
On Friday, 39-year-old Mark Zuckerberg moved into the third spot on the Bloomberg Billionaires Index, overtaking his 52-year-old competitor Elon Musk for the first time in four years
Business • Views: 707
In 2023, departing Boeing CEO Dave Calhoun received $33 million in compensation as the company struggles with the aftermath of a midair incident
Boeing stated on Friday that its CEO's compensation for 2023 increased approximately 45% to almost $33 million. This announcement follows the CEO's recent decision to step down amid a safety crisis
Business • Views: 781
Do Kwon, the founder of Terraform, was found guilty in the SEC's cryptocurrency fraud trial: 'Built on falsehoods.'
In Manhattan, a jury held Terraform Labs, based in Singapore, and its founder, Do Kwon, accountable on civil fraud charges on Friday. They sided with the Securities and Exchange Commission's claim that the company deceived investors prior to the 2022 downfall of their stablecoin, which caused a stir in the cryptocurrency markets
Business • Views: 730
Ex-Yahoo CEO Marissa Mayer’s new app has just 1,000 downloads: report
Mayer's startup studio recently rolled out Shine, an app which is designed to allow users to automatically share photos taken at events they attend.
Business • Views: 744
Chuck Schumer signals Senate will take up bipartisan bill on TikTok ban
Senate Democratic Leader Chuck Schumer outlined an for lawmakers, saying they can make progress "on a path forward on TikTok legislation."