News
Small AI firms sees shares rise on disclosure of Nvidia stakes
Several smaller AI firms saw shares rise Thursday after Nvidia disclosed stake in them. The chipmaker's biggest investment, $147.3 million,...
Retail sales drop 0.8% between December and January
Retail sales were down 0.8% in January after rising a revised 0.4% in December, a Commerce Department report shows. This...
U.S. loosens restrictions on Wells Fargo
A consent order against Well Fargo that had been in place since late-2016 was terminated by the Office of the...
Stellantis takes hit on second-half profits due to strikes
Stellantis, the world’s third-largest automaker, saw a 13% drop in net profits in the second half of last year following...
Scammers using AI to imitate company execs, trick employees
Hackers are using generative AI like ChatGPT or FraudGPT to make more realistic fake IDs, identities, company statements and videos,...
Cisco Systems to cut more than 4,000 jobs
Internet networking company Cisco Systems said it will lay off more than 4,000 employees, or about 5% of its workforce....
Walmart considering Vizio TV buy
Walmart is considering a purchase of Vizio’s TV business for $2 billion, the The Wall Street Journal reports. The deal...
Airbnb settles tax dispute with Italy, down $349M in Q4
Despite an increase in bookings and revenue, Airbnb reported a loss of $349 million in the fourth quarter following an...
Construction of office buildings drops, particularly in Chicago, Manhattan
Construction of new office buildings is slowing, thanks to inflation, higher interest rates and lower demand for office space. With...
FDA approves first treatment for newly diagnosed pancreatic cancer in 10 years
The FDA has approved Ipsen's Onivyde as part of a multidrug treatment for patients with newly diagnosed metastatic pancreatic cancer. The combo,...
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