News
Musk’s AI startup now valued at $24B
xAI, a startup from Tesla owner Elon Musk, reached a post-money valuation of $24 billion after raising $6 billion in...
FAA: Boeing has a long way to go in addressing safety issues
As Boeing prepares to submit a plan to address safety problems, Federal Aviation Administrator Mike Whitaker said the airplane manufacturer...
Weekly unemployment claims continue to fall
Unemployment claim applications continue to stay at historically low levels, with the number of Americans applying last week falling again...
Justice Department sues to break up Live Nation
The U.S. Justice Department filed a lawsuit Thursday against Live Nation, the parent company of Ticketmaster, claiming that the company...
As vaccine demand drops, Pfizer looks to cut costs
In a filing with the U.S. Securities and Exchange Commission, Pfizer shared its multi-year plans to reduce costs on goods...
Fed minutes indicate there’s no rate cut on the horizon
The official minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee were released Wednesday, showing...
Housing affordability crisis heightens in April
The median price of an existing home increased 5.7% in April from a year ago to $407,600, according to a...
Target earnings drop as consumers pull back on unnecessary purchases
Sales have dropped at Target for the fourth consecutive quarter, the retailer reported on Wednesday, with the most recent quarter...
British regulators fine Citi $78M
The UK's Prudential Regulation Authority and Financial Conduct Authority has fined Citigroup $78.5 million (61.6 million pounds) over a series...
CFPB: BNPL companies must adhere to credit card rules
Buy Now, Pay Later (BNPL) lenders must follow some credit card consumer protection rules, the Consumer Financial Protection Bureau said...
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