News
Luxury goods market slowing
The luxury goods industry, which has relied heavily on China and North America for growth in recent years, reported disappointing...
META offers outsiders use of its new AI technology
While most Big Tech companies are jealously protecting access to their new artificial intelligence programs, META introduced its latest AI...
Hollywood actors protest could cause industry crisis
Ongoing screenwriters and actors strikes could disrupt the entertainment industry in fundamental ways and put the 2024 box office and...
US companies get partial reprieve from global minimum tax
A new agreement will delay until 2026 some of the potential increases that U.S. companies will have to pay to...
Peacock joins ranks of streaming services raising prices
Universal Studios announced late Monday that its ad-supported plan for Peacock streaming will increase $1 a month effective next month,...
Ford cuts cost of electric trucks by 17 percent, stocks fall
Ford Motor Company stocks fell dramatically Monday after the carmaker announced that it will cut the price of its electric...
Week of extreme heat strains small businesses
Heat waves stretching across the country are straining power grids and shuttering small businesses. Worse yet, some of the hardest-hit areas are expected...
Wells Fargo exceeds expectations, sets earnings aside for loan losses
Due to higher interest rates and rising loan balances, Wells Fargo exceeded marker expectations in the second quarter of 2023....
US Virgin Islands sues JPMorgan for $190 million in Epstein case
The U.S. Virgin Islands said in a court filing Friday that it is seeking at least $190 million in penalties...
Education Dept. cancels $39 billion in student loans
The Biden administration on Friday managed to get around a Supreme Court order to forgive student loans by offering one-time...
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