News
Powell signals Fed won’t wait for 2% inflation to cut interest rates
Federal Reserve Chair Jerome Powell stated on Monday that the central bank would not wait for inflation to reach 2%...
PepsiCo misses Q2 revenue expectations as price hikes slow U.S. sales
PepsiCo fell short of second-quarter revenue expectations due to price hikes and increased competition from private-label brands, impacting sales in...
Marathon Oil settles for $241.5 million over air quality violations
he federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the...
Consumer Price Index sees first decline since early pandemic
The Consumer Price Index (CPI) fell in June for the first time since May 2020, according to the Department of...
Microsoft relinquishes observer seat on OpenAI board amid antitrust concerns
Microsoft has relinquished its non-voting observer seat on the board of OpenAI, less than eight months after securing the position....
Intuit announces AI-focused reorganization and 10% workforce layoff
Intuit, the company behind QuickBooks and TurboTax, announced on Wednesday an AI-focused reorganization plan that includes laying off about 10%...
Fed chair signals end of near-zero interest rates
Federal Reserve Chair Jerome Powell announced on Wednesday that the era of extremely low interest rates, which persisted from the...
Eli Lilly to acquire Morphic Therapeutics for $3.2 billion
Eli Lilly announced plans to acquire Massachusetts-based Morphic Therapeutics for $3.2 billion, aiming to bolster its portfolio with Morphic’s experimental...
Boeing faces challenges despite increasing jet deliveries in June
Boeing reported that it delivered 44 commercial jets in June, the highest monthly total this year, but a 27% decrease...
FTC criticizes pharmacy benefit managers for inflating drug costs
The Federal Trade Commission (FTC) sharply criticized pharmacy benefit managers (PBMs) in a 71-page report, accusing them of inflating drug...
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