Red Lobster will have to shut down over 100 more restaurants if the company is unable to renegotiate cheaper rent for the buildings, court documents revealed.
Australian Treasurer Jim Chalmers ordered a Chinese investment fund to sell off shares of a strategic rare-earths mining company.
Tesla CEO Elon Musk is facing a lawsuit alleging he illegally sold $7.5 billion worth of company stock in the fourth quarter of 2022, knowing that the business would disappoint investors after promising an “epic end of year.”
A recent study by researchers from Princeton University and USC suggests that Meta’s algorithms for presenting educational ads exhibit signs of racial bias, particularly in the delivery of ads realated to for-profit universities and those with a history of predatory marketing practices.
May brought a surprising burst of vitality to the U.S. economy, with robust reports from the Institute for Supply Management (ISM) and S&P Global.
The Walt Disney Company is planning a major reboot. Not another superhero movie franchise, but its relationship with Florida.
The services sector is sending a message: no Fed cut soon.
A group of current and former employees from prominent artificial intelligence companies, including OpenAI and Google DeepMind, have issued an open letter calling for increased transparency and protections for whistleblowers within the AI industry.
The smallest increase this year.
The popular fish taco chain Rubio’s Coastal Grill will be closing 48 locations in California due to the “rising cost of doing business.”
Denver Mayor Mike Johnston (D) is celebrating a new initiative to help migrants transition from the city’s shelter system into jobs with a new program to offer job training, legal help, and English language educational services.
Those looking at the Job Openings and Labor Turnover Survey (JOLT) and seeing it as a roadmap to a July rate cut have taken a wrong turn.
Microsoft has reportedly laid off more than a thousand employees from its Azure cloud business, with the cuts impacting teams such as Azure for Operators and Mission Engineering, according to people familiar with the situation.
Factory orders keep rising and orders for consumer goods are rising even faster.
Elon Musk’s X, formerly known as Twitter, has officially announced that it will allow the sharing of adult content on its platform, albeit with certain restrictions and guidelines in place. The platform is already plagued with pornbots spreading links to OnlyFans profiles and other XXX content, with an estimated 13 percent of all posts already consisting of pornographic content.
The number of vacant jobs in the U.S. fell to just over eight million in April, indicating that employer demand for labor has slackened and reviving hopes for interest rate cuts this year.
President Joe Biden’s government-run illegal migration is so unpopular voters are now turning against government-run legal migration.
On Monday’s broadcast of CNBC’s “Last Call,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the
Our view that the Fed would not cut rates this year has gone mainstream.
Persistent inflation matches core inflation, suggesting that further progress on bringing down inflation will be hard to come by.
OPEC+ announced it would extend existing overall limits on oil production through 2025, attempting to ensure prices do not fall too low.
OpenAI, in collaboration with Arizona State University (ASU), has announced the launch of ChatGPT Edu, a specialized AI platform that it claims will revolutionize the academic landscape.
As the race for artificial intelligence supremacy heats up, the world of AI research is being rocked by bitter rivalries, poaching sprees, and public spats between tech titans. The head of Mark Zuckerberg’s Meta AI research team recently attacked rival Elon Musk for his “crazy-ass conspiracy theories.”
Construction spending took a slight dip in April as both U.S. companies and the government hit the brakes on projects nationwide, feeling the squeeze of high interest rates. The Commerce Department reported Monday that spending on construction projects edged down
GameStop shares skyrocketed Monday, fueled by speculation that Keith Gill, the man behind the company’s epic “meme stock” short squeeze in 2021, may have amassed a substantial stake in the video game retailer.
The New York Stock Exchange said it is experiencing technical issues.
President Joe Biden has imposed a huge migration tax on young Americans’ housing costs, but his tame media allies are hiding the evidence. “A shortage of housing, inflation, and high interest rates are squeezing renters around the country and pricing
Tesla and CEO Elon Musk are pushing back against institutional investors who have expressed opposition to Musk’s disputed $58 billion compensation package from 2018.
An international law enforcement team has reportedly apprehended a Chinese hacker accused of running a massive botnet for nearly a decade, amassing at least $99 million in profits by selling access to cybercriminals.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the April Personal Consumption Expenditures (PCE) index by stating there has been a consensus that “the kind of stall in disinflation
On Friday’s edition of NBC’s “MTP Now,” NBC News White House Correspondent Mike Memoli stated that “the Biden team has seemed to concede that there’s nothing they’re going to be able to do to fix the inflation problem” and are
The Fed meeting minutes released on May 22 mentioned “various officials” worrying that rates might not be as restrictive as thought.
Inflation, high interest rates, and the exhaustion of excess household savings may finally be taking their toll on the economy. Consumer spending rose a modest 0.2 percent in April, the smallest increase in three months, data from the Department of
If you go out two or three decimal points, inflation declined in April.
Tesla CEO and X/Twitter owner Elon Musk slammed Thursday’s guilty verdict of former President Donald Trump, saying “great damage was done to the public’s faith in the American legal system,” adding, “anyone is at risk” now that “a former president can be criminally convicted over such a trivial matter.”
Google has announced that it will be restricting the use of its AI-generated search results, known as AI Overviews, after the tool produced a series of “odd, inaccurate or unhelpful” summaries that went viral on social media.
Helen Toner, a former OpenAI board member who helped remove CEO Sam Altman in November before he was promptly rehired, recently shared insights into the events that led to Altman’s firing.
In a move that may cost him friends and business opportunities, Shaun Maguire, a partner at Sequoia Capital and former Hillary Clinton supporter, has donated $300,000 to Donald Trump’s 2024 presidential campaign.
The National Rifle Association’s big victory at the Supreme Court on Thursday puts a target on climate change regulations that have put fossil fuel companies under fire.
Walgreens is lowering prices on more than one thousand items as other corporations also battle inflation in President Joe Biden’s America.
