News Categories
Business
COVID-19
Economy
Legal
Lifestyle
New York City
Politics
Real Estate
Sports
Business News
Jamie Dimon says JPMorgan will hire more AI braniacs, fewer bankers
Artificial intelligence is poised to drastically shrink the workforce at the nation’s largest bank, but the transition will happen without the pain of mass layoffs, JPMorgan Chase CEO Jamie Dimon said Thursday. In an interview in Shanghai, the renowned money...
Victoria’s Secret brings sexy back with VSXY ticker after woke rebrand crashes and burns: ‘We’re owning who we are’
Victoria’s Secret is bringing sexy back with a new VSXY ticker on the New York Stock Exchange after a failed flirtation with wokeness tanked sales of its bras and panties. As part of its “unapologetically sexy” campaign, the lingerie retailer announced Thursday...
Meta settles bellwether social media addiction case with Kentucky school district
Mark Zuckerberg’s Meta will avoid a social media addiction trial in California federal court after striking a settlement agreement with a Kentucky school district, a case seen as a bellwether as the tech giant faces an onslaught of litigation. Breathitt County...
Small business owners are turning to AI to manage their many companies — especially creative tasks: survey
The average small business owner wears five “hats” on any given day, according to new research — and not all of them fit. A survey of 1,000 American small business owners found that today’s entrepreneur is simultaneously playing customer service representative...
Don Lemon trashes ex-boss ahead of Colbert’s last show: ‘Spectacular’ example ‘of a white man failing up’
Former CNN anchor Don Lemon trashed his ex-boss and “unqualified” white men in general in a long-winded, racially charged essay about the end of “The Late Show with Stephen Colbert.” Lemon’s outrageous comments came in a Substack screed published Thursday that...
ATM operator closes thousands of locations after being strangled by regulation — including in California
A Bitcoin ATM giant that once flooded the nation with machines has filed for bankruptcy after strict state regulations — including in California — kneecapped its business model. Bitcoin Depot voluntarily filed for Chapter 11 bankruptcy in the Southern District...
New details revealed in SpaceX IPO that could make Elon Musk a trillionaire
SpaceX’s IPO filing has revealed details into Elon Musk’s tight grip on his business empire, its multi-billion-dollar losses and the stock market debut that could crown him the world’s first trillionaire. The Texas-based company filed paperwork Wednesday to go...
Zuckerberg defends Meta’s bloodbath layoffs: ‘Success isn’t a given’ in AI push
Meta CEO Mark Zuckerberg defended the company’s brutal layoffs of 8,000 workers – saying “success isn’t a given” as the tech giant pushes full steam ahead into the highly competitive AI sector. In a Wednesday memo, he tried to justify the purge, which kicked...
Walmart stock plunges as soaring gas prices hit profits and slam shoppers’ wallets
Walmart‘s stock plunged on Thursday after the retail giant revealed a disappointing full-year forecast, as high gas prices eat into shoppers’ wallets. The Bentonville, Ark-based big box retailer said it expects adjusted earnings per share of $2.75 to $2.85, and...
70°F
