News
Formula 1 is Looking for a More Lucrative U.S. Media Deal
Formula 1 is looking for a more lucrative U.S. media deal, according to CNBC. Formula 1 Group CEO Stefano Domenicali...
U.S. Worker Productivity Plunges at Fastest Pace Since 1947
U.S. labor productivity tumbled by 7.5% in the first quarter, according to Labor Department data. Unit labor costs, or how...
Musk Secures Over $7bn Funding from Friends and Investors
Elon Musk secured $7.14 billion in funding his takeover of Twitter from a group of investors that includes Larry Ellison,...
Fed Raises Rates by Half a Percentage Point, Biggest Hike in 22 years
The Federal Reserve raised its benchmark interest rate by half a percentage point, the biggest jump since 2000. There were...
SEC Investigating Didi’s Botched IPO
Didi is facing an investigation by the Securities Exchange Commission into its botched IPO last year, the Chinese company announced....
Mark Cuban, Pitbull and Paris Hilton Fund App immi in NFT Push
The new real-time animation platform immi announced a strategic investment from Paris Hilton's 11:11 Media, billionaire Mark Cuban, Tony Robbins,...
Meta Gives Access to AI Large Language Model
Facebook-owner Meta is opening up access to a large language model for artificial intelligence research, the social media company said....
Job Openings and Resignations Hit Record Highs in March
Employment openings in the U.S. exceeded the level of available workers by 5.6 million in March, the Labor Department reported....
Citi Is in ‘Active Dialogue’ to Sell Russia Consumer Business
Citigroup is speeding up the sale of its Russia consumer business, Chief Executive Jane Fraser said. “We’re selling our consumer...
Rivian to Get $1.5bn In Public Incentives for Georgia Plant
Electric carmaker Rivian will receive $1.5 billion in state and local incentives and tax credits for a new assembly plant...
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