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JPMorgan names co-presidents, setting up new horse race to succeed CEO Jamie Dimon
JPMorgan Chase on Thursday appointed a pair of senior executives to newly created co-president roles — setting up what appears to be a new horse race to succeed chief executive Jamie Dimon. At the same time, the Wall Street giant announced the retirement of...
Californians enraged by massive PG&E price hikes projected by watchdog group
Furious Californians have slammed PG&E after a watchdog warned utility charges from the company could soon increase by hundreds of dollars per person per year. The energy giant’s 16 million customers may see fees spike by as much as $840 by 2030, according...
Snap sued over rape of minor who connected to adult attacker on Snapchat
The parents of a girl who was raped when she was 12 years old by an adult stranger she met on Snapchat have sued its parent company, Snap, and the attacker in Missouri state court. The lawsuit filed Wednesday claims the social media company has refused to...
Bryant Park Grill saga boils over — as owner expected to stay while fighting eviction
The simmering Bryant Park Grill saga boiled over as a court gave the park’s manager the green light to boot the Grill’s current operator, and the company that was slated to take over the iconic space with Jean-Georges Vongerichten bowed out of lease...
Sergey Brin scores huge win as sneaky billionaire tax-killing measure heads to California ballot
California’s proposed billionaire tax may be qualified to appear on the ballot this November, but should it get placed, it will have competition with another initiative that if passed would render the tax moot. A measure to “require audits of programs funded by...
Americans need $1.46 million to comfortably retire — but most seniors have just $200,000 in savings
Americans need more money than ever to retire comfortably — but a shocking majority of senior citizens have just a fraction of the recommended savings. Savings of at least $1.46 million are recommended for a comfortable retirement, according to Northwestern...
YouTube settles Florida teen’s social media addiction lawsuit ahead of trial — another major Big Tech setback
Google-owned YouTube has settled a social media addiction lawsuit brought by a Florida teen who accused the video-sharing giant of helping fuel a youth mental health crisis through features designed to keep kids glued to their screens. The confidential...
Anthropic’s ‘Mythos’ sniffed out vulnerabilities in classified US government systems within hours: report
Anthropic’s powerful “Mythos” AI model was reportedly able to find vulnerabilities in highly secure US government systems within just a few hours — the latest development to stoke security concerns about the product. During tests conducted by US intelligence...
California’s missing workers: 200K vanish from labor force as job growth flatlines
California’s latest jobs report isn’t looking too bright, even as Gov. Gavin Newsom continues to tout the state as a high-powered employment creator. So far this year, the state has been holding one of the nation’s highest unemployment rates, according to the...
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